The Austin real estate market is easily one of the hottest seller’s markets in the country right now. With the median price at an all-time high and a very low inventory, there’s never been a better time to think about selling your home. With a market that’s yearning for more inventory and a sea of buyers waiting for their perfect home to hit the market, it may be tempting to sell your home yourself. While doing the work yourself could save you from paying the commission rates of an agent, there’s a good chance that you won’t get what you deserve for the home – and actually end up missing out on more money in the long run than if you had worked with an expert.
Buying your home was likely one of the biggest financial decisions of your life, and selling it is not something that should be done without great care. You’ve invested great amounts of time and money into it, and in return have created great memories that you’ll cherish throughout your time. Now, when getting ready to sell your Austin home, it’s important that you get what your home is worth, and not a penny less. Here are some of the biggest reasons why you shouldn’t sell your home without the help of a REALTOR®.
They Do All Of The Work
From scheduling tours to facilitating negotiations, a real estate agent will act on your behalf to market and sell your home quickly and for the most profit. Only they have access to industry tools and information which is used to price your home competitively in your area. Without this kind of information, you could be low-balling your home’s value and making thousands of dollars less than what your home is really worth.
What about Zestimates and other online estimates, can’t I use them to price my home? Zestimates and online home valuation tools are great for getting a general idea of what your home is worth, but there’s a lot more to pricing a home than just considering its area and square-footage. What if you’ve recently renovated the kitchen, or have an upgraded heating and cooling system? All of these things can factor into the price.
An agent’s job is defined by helping people buy and sell homes, so scheduling showings, facilitating negotiations, and acting as your ambassador and advisor are all part of their services. If you opt to sell on your own, be prepared for last-minute tour requests and cancellations, and calls about the property at any hour of the day.
Not Everyone Can Negotiate
Not everyone likes to negotiate, and not everyone is good at it either. One of the hardest parts about going the For Sale By Owner route is that as a seller, you’re negotiating directly with the potential buyer, which has its perks as well as its drawbacks. While this can feel like a more transparent option, it’s also more likely to create some friction in the transaction. Selling your home can be a very personal experience, and having an agent as your level-headed advisor and sounding board for your concerns and frustrations can be invaluable. They’ll offer you their professional opinion, and won’t let you settle for less than you deserve.
Avoid Legal Troubles With The Help Of An Agent
Let’s face it, contracts are hard. Between the legalese and conditional agreements, it’s hard to make sense of what your obligations are. If you’re selling your home on your own, you had better make sure you find all of the right documentation, understand what it says, and fill it out accordingly. Otherwise, there’s a very real chance that you could end up in a heap of legal troubles and spending significantly more money than if you had just hired an agent to begin with. Transferring land titles and working out the conditions of the sale is tricky business, but it’s something that registered REALTORS are trained and confident in doing.
Choosing An Austin Real Estate Agent To Sell Your Home
Austin is filled with bright, confident, and intelligent individuals who are likely capable of selling their own homes, but the process isn’t as simple as it might seem. Ultimately, it comes down to one simple questions: while you could choose to sell your home on your own, can you really afford to, and do you have the time it takes do to so? If you don’t then it’s time to find an experienced Austin real estate agent who fits your goals and priorities.
Learn more about the Engel & Völkers team, or send us a message to speak with one of our agents today. As one of the world’s most recognized real estate brands, we have the local and global connections to effectively sell your home in Austin.