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Why Do I Need A Real Estate Agent To Sell My House?

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While selling a house, some think twice before asking for the help of a real estate agent as they demand a commission for their services. Even if you advertise on your own, you’ll save a substantial amount of money. Then why splurge on a real estate agent after all?

The answer is simple. Although you can sell your home without a real estate agent, you can’t deny the fact that it is extremely beneficial to have one. The money you spend on them is not without their advantages.

So here are some reasons why you should hire a real estate agent in Abbotsford to sell your house.

Expertise

Real estate agents are experienced in their field which means that they can chalk up a fair market value for your home. If you don’t have a professional by your side, the buyer’s agent might take advantage of it, or discourage making an offer, citing the reason that there is no expert to oversee the closing of the deal and the risks that come along with it. Real estate agents are full-time workers and they can take over your entire job. Because of them, you would not have to halt your everyday routine whenever a client comes to take a look around the house and market it to the fullest extent possible.

Network

Agents have a wide network of prospective buyers that you cannot find even in various property listing sites. Even if you have a large personal or professional network, not many will be keen on what you have to offer. But if you have professional agents who have a genuine relationship with their clients and other agents, they will effectively spread the word. This would bring many potential buyers to your house. Without demand, you’ll be forced to sell your house for way lesser than your estimated price. An agent can also distinguish between a potential buyer or a curious person who only wants to take a look at your home, thus increasing the likelihood of a sale while wasting less time and resources.

Guidance

Agents can advise you on issues that come up in your contract or agreement, helping you prepare your property for sale. With their guidance, you are less likely to make errors like overpricing, refusing to counter a low offer, giving in too easily especially when you have a deadline, or expressing a sense of anticipation or desperation. Selling your home is an emotional deal and can cause problems at times but a real estate agent can set things right. They know the market and the neighborhood and their practical view will help you to set a fair price for your house.

Legalities

The selling of a house includes lots of legal and complex paperwork. You need an expert to help you with drafting the seller’s disclosure accurately, without which you might be held responsible for future problems. Your agent will help you get through agreements and closings and will take care of any last-minute problems.

Negotiation

Agents professionally negotiate the sale of your home on your behalf. Their sales experience ensures that they are more likely to succeed in their mission. The agent’s detachment from the emotional value of the house will make sure that they bring in a good deal during the negotiation phase.

So if you are looking for new homes for sale in Abbotsford, hiring an agent will help you with proper pricing advice and guidance. With a well-experienced real estate agent, Abbotsford by your side, you can get your house sold quickly at the best price with less hassle since they know how to navigate the market out there.

Posted in: Estate Agent Tagged: need of a real estate agent

Steps To Determine The Value Of A Home

value of house in abbotsford

If you are thinking of selling your property, then you need to discover its value. The worth of your house is determined by the market and the estimations made by a lender, agent, or a tax assessor. Various online tools can help you calculate the value of the home so that you will be prepared to buy, sell, or negotiate. Properties play a significant role in the overall financial health of a person and there are many ways to evaluate the real market price of a home.

So when it comes to new homes for sale Abbotsford, here are some of the most common ways to assess the value of your home in this area:

  • Make use of free online tools

The internet easily offers a multitude of free home value estimators. These estimators are known as AVM or Automated Valuation Model and are offered by various real estate sites. The AVMs predict the value of the home according to recent sales and listing prices. They take the help of facts about your home that are in public records like the type of home, the year of construction, the number of rooms, and the total square footage. Of course, their estimated values are not that accurate as a professional-grade AVM, which is why you must take the help of a real estate expert to know more.

  • FHFA House Price Index Calculator

If you don’t trust AVMs, you can also use the Federal Housing Financing Agency’s House Price Index (HPI) calculator. It offers you a more scientific take on the estimate of a home by using the repeat sales method. By calculating the value against all the mortgage transactions for the last fifty years, FHFA’s HPI tracks the fluctuations of the value in the market.

  • Market analysis

Once you are done with online calculations and have received an average estimate of the value of a home, you can request a Comparative Market Analysis (CMA) from your local real estate agent. The agent will provide you with their evaluation of the home and offer you a value estimate for listing purposes in little to no cost. Another simple way to judge the market value is to find out similar properties that can be comparable to yours and their recent sale value. You can learn the value of your home without spending on an appraiser, but always remember that a property might not be comparable to yours just because it is sold next door. Every estate has factors other than its location to determine the cost it has in the market. To find the perfect comparable property, look for those with similar size, landscaping, condition, and upgrades as yours since these make a difference to property buyers.

  • Consult an appraiser

As the owner of a property, you can determine the estimated value of a home through an appraisal. Appraisers do that by studying several factors. They take a look at the neighborhood and region you live in and note down the characteristics of the house. They also compare it with properties that are already listed in the same market to find out how well your house fares against them. Finally, they combine all of these determinants and come up with the final estimation of the home in an official report.

Once you have completed all these methods to estimate the value of your home and you consider selling it, you will have to contact a professional agent. Professional agents are equipped with detailed information and have access to MLS listings– Multiple Listing Service (MLS) database of homes for sale in the area.

For homes for sale Abbotsford, there are many reputed realtors who can help you with your home buying and selling based on their real-world experience.

Posted in: House Value Tagged: find home valuation, house value in Abbotsford

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    Vaneet Sethi is serving in Surrey, Delta, Langely, Abbotsford, Mission and Chilliwack area for real estate market over few years. He started his career as realtor under Century21 Coastal Realty Ltd.
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    Tel:(778) 551-3700

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