In this shifting market, working with a real estate professional is more important than ever. You may have found yourself asking, “Should I hire a Realtor?” Not only will a trusted real estate advisor educate you on current market trends, but they’re also experts in managing the multi-faceted process of selling a home.

5 Key Reasons to Hire a Realtor

Here are five key reasons why working with a real estate professional are crucial:

1. Up To Date on the Latest Market Trends

With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial when you sell.

Working with a real estate professional helps ensure you can stay updated on what’s happening. They know your local area and follow national trends too. More importantly, when you hire a realtor, they’ll know what this data means for you, and as the market shifts, they’ll be able to help you navigate it and make your best decision.

2. Maximizing Your Pool of Buyers

Real estate professionals have a large variety of tools at their disposal, such as social media followers, agency resources, agent to agent networks, and the Multiple Listing Service (MLS) to ensure your house is viewed by the most buyers. Investopedia explains why it’s risky to sell on your own without the network an agent provides:

You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home. A smaller pool of potential buyers means less demand for your property, which can translate into waiting longer to sell your home and possibly not getting as much money as your house is worth.

3. Understands the Fine Print

Today, more disclosures and regulations are mandatory when selling a house. That means the number of legal documents you’ll need to juggle is growing. The National Association of Realtors (NAR) explains it best, saying:

Selling a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. . . . Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.

A real estate professional knows exactly what needs to happen, what all the fine print means, and how to work through it efficiently. When you hire a realtor, they’ll help you review the documents and avoid any costly missteps that could occur if you try to handle them on your own.

4. A Trained Negotiator

If you sell without a professional, you’ll also be solely responsible for all the negotiations. That means you’ll have to coordinate with:

In today’s changing market, buyers are regaining some negotiation power as bidding wars slow. Instead of going toe-to-toe with all the above parties alone, lean on an expert. They’ll know what levers to pull, how to address everyone’s concerns, and when you may want to get a second opinion.

5. Set the Correct Price for Your House

If you sell your house on your own, you may be more likely to overshoot your asking price. That could mean your house will sit on the market because you priced it too high for where the market is now. Today, pricing a house requires even more expertise to ensure you get it right. NAR explains it like this:

A great real estate agent will look at your home with an unbiased eye, providing you with the information you need to enhance marketability and maximize price.

Real estate professionals know the ins and outs of how to price your house accurately and competitively. To do so, they compare your house to recently sold homes in your area and factor in the current condition of your home. These steps are key to making sure it’s set to move quickly while still getting you the highest possible final sale price.

Hiring a Realtor – The Next Steps

If you’re thinking of selling your home, let’s set up a no-obligation consultation to see if hiring a real estate agent is right for you. Click HERE to fill out a form to contact us today!