What is the benefit of using Simon’s Town real estate agent versus selling with a sell privately organization?
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When you decide to sell your home with private seller or other you play the role of the real estate agent allowing you to keep the commission. As you know this commission can 5% and more.
Private Sale
As you know buying or selling a Simon’s Town home (or any home) is probably one of the most important financial decisions homeowners make in their lives. The amount of money involved is enormous and as a seller you need to ensure that process ends up as quickly as possible. You want the money banked.
In order to make the private sale method successful the home seller must do the work of a seller’s agent on their own behalf. As the old saying goes, “there are no free rides”. As a private seller, you stand to gain a lot when you sell but only if you do your homework and diligently market your property.
In South Africa certified real estate agents sell most of the properties. Because the real estate agent is responsible for and can assist with the following:
* Assisting with the staging of your home.
* Suggest a market related asking price for your property.
* Marketing your property locally, on the internet and creating virtual tours for Youtube.com
* You only want qualified buyers and most real estate agents will do this for you.
* Arrange for visits, open houses and get the signs up according to regulations.
* Add real estate yard signs.
* Network with other good real estate agents to find buyers.
Deciding to do a for sale by owner or private sale you’ll save the commission but you assume the role of the seller agent and perform all of these tasks above.
Let’s compare the roles a real estate agent compared to For Sale By Owner:
Real Estate Property Marketing
* Assisting with the Staging of Your Home- A good real estate agent is not emotionally attached to your home and can make objective suggestions to make your home buyer friendly. This includes suggested repairs, upgrades, maintenance and even the removal of personal clutter to create friendly image to a potential buyer.
* Suggest a market related asking price for your property.-
A good real estate agents will compare homes the value of homes in your area, in the recent past and estimate a reasonable asking price. Real estate agents multiple access to historical home sales and they are working in the market all the time. After a while it becomes an art to know what a property will sell for.
* Scheduling Appointments and Open Houses - A real estate agent schedule showings of your home and open houses. But For Sale By Owner candidates must perform this scheduling. If you do not the time and not the inclination to talk to and negotiate with buyers then it becomes a problem.
* Marketing Your Property - A real estate agent completes a property feature sheet and take well staged photos to help them market. These will also be used to create an online listing, photo galleries and online video tours of your property. For Sale By Owner candidates must replace this service with a comparable alternative. For Sale By Owner may be grouped with other homes from different cities and suburbs while most good real estate websites are focused locally.
* Market Your Property- Real estate agents.
When you have selected a real estate agent the agent needs to show you a marketing plan. This expense is paid by the real estate agent and is bound by the real estate code of conduct. But good real estate agents will also share the listing with other agents to increase the exposure to buyers.
* Classified Advertising -
Real estate agents may or may not add your listing to local newspaper classifieds, usually with a link to view your property profile online and a contact phone number. FSBO candidates need to do all of this.
* For Sale And Open House Signs
Real estate agents will arrange to have these signs placed where they are allowed and remove them when they are don. FSBO’s must go out and find these and stick to the real estate sign regulations applicable to their city.
to keep the commission. As you know this commission can 5% and more.
Private Sale
As you know buying or selling a Simon’s Town home (or any home) is probably one of the most important financial decisions homeowners make in their lives. The amount of money involved is enormous and as a seller you need to ensure that process ends up as quickly as possible. You want the money banked.
In order to make the private sale method successful the home seller must do the work of a seller’s agent on their own behalf. As the old saying goes, “there are no free rides”. As a private seller, you stand to gain a lot when you sell but only if you do your homework and diligently market your property.
In South Africa certified real estate agents sell most of the properties. Because the real estate agent is responsible for and can assist with the following:
* Assisting with the staging of your home.
* Suggest a market related asking price for your property.
* Marketing your property locally, on the internet and creating virtual tours for Youtube.com
* You only want qualified buyers and most real estate agents will do this for you.
* Arrange for visits, open houses and get the signs up according to regulations.
* Add real estate yard signs.
* Network with other good real estate agents to find buyers.
Deciding to do a for sale by owner or private sale you’ll save the commission but you assume the role of the seller agent and perform all of these tasks above.
Let’s compare the roles a real estate agent compared to For Sale By Owner:
Real Estate Property Marketing
* Assisting with the Staging of Your Home- A good real estate agent is not emotionally attached to your home and can make objective suggestions to make your home buyer friendly. This includes suggested repairs, upgrades, maintenance and even the removal of personal clutter to create friendly image to a potential buyer.
* Suggest a market related asking price for your property.-
A good real estate agents will compare homes the value of homes in your area, in the recent past and estimate a reasonable asking price. Real estate agents multiple access to historical home sales and they are working in the market all the time. After a while it becomes an art to know what a property will sell for.
* Scheduling Appointments and Open Houses - A real estate agent schedule showings of your home and open houses. But For Sale By Owner candidates must perform this scheduling. If you do not the time and not the inclination to talk to and negotiate with buyers then it becomes a problem.
* Marketing Your Property - A real estate agent completes a property feature sheet and take well staged photos to help them market. These will also be used to create an online listing, photo galleries and online video tours of your property. For Sale By Owner candidates must replace this service with a comparable alternative. For Sale By Owner may be grouped with other homes from different cities and suburbs while most good real estate websites are focused locally.
* Market Your Property- Real estate agents.
When you have selected a real estate agent the agent needs to show you a marketing plan. This expense is paid by the real estate agent and is bound by the real estate code of conduct. But good real estate agents will also share the listing with other agents to increase the exposure to buyers.
* Classified Advertising -
Real estate agents may or may not add your listing to local newspaper classifieds, usually with a link to view your property profile online and a contact phone number. FSBO candidates need to do all of this.
* The Process Signing The Contract and After Sales Contact Is Signed.
Most For Sale By Owners or Private sellers are not aware of the legal complications when they complete a real estate sales contract. And they probably need to pay an attorney to assist them while an experience real estate agent is aware of the catches and will do it for free.
One of the most important tasks of a real estate agent is to get all the ducks in a row after the sale. There can be many attorneys involved, their are other parties like banks, local government, electricians and beetle inspectors and engineers. All these professionals and institutions need to perform. And a For Sale By Owner or Private Seller need to go through the learning curve. This can be a real pain and slow your sale by months.
If you have anything to add please do:
Regards
Johan Horak
SimonsTownRealty: Sell, Buy A Simon’s Town Property? Phone Today 021-7864028 or 082 870 2004
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