It can be tempting, especially with how hot the Boston condo for sale market has been over the past two years, to consider selling your Boston Seaport condo for sale on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional.
Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house.
Here are five key reasons why working with a real estate professional makes sense today.
With higher mortgage rates, rising Boston high-rise condo for sale prices, and a growing number of homes for sale, today’s housing market is showing signs of a shift back toward more pre-pandemic levels. When conditions change, following the trends and staying on top of new information is crucial when you sell.
That makes working with an expert real estate advisor critical today. They know your local area and follow national trends too. More importantly, 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.
Your agent’s role in bringing in buyers is important. Real estate professionals have a large variety of tools at their disposal, such as social media followers, agency resources, 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.”
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 paperwork means, and how to work through it efficiently. They’ll help you review the documents and avoid any costly missteps that could occur if you try to handle them on your own.
If you sell without a professional, you’ll also be solely responsible for all the negotiations. That means you’ll have to coordinate with:
- The buyer, who wants the best deal possible
- The buyer’s agent, will use their expertise to advocate for the buyer
- The inspection company, which works for the buyer and will almost always find concerns with the house
- The appraiser, assesses the property’s value to protect the lender
Instead of going toe-to-toe with all these 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.
If you sell your house on your own, you may over or undershoot your asking price. That could mean you’ll leave money on the table because you priced it too low or your house will sit on the market because you priced it too high. Pricing a house requires expertise. 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.
Whether it’s following local and national trends and guiding you through a shifting market or pricing your house right, a real estate agent has essential insights you’ll want to rely on throughout the transaction. Don’t go at it alone. If you plan to sell, let’s connect so you have an expert on your side.
Updated: Boston Real Estate Blog 2022
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There are a lot of benefits of hiring downtown Boston real estate broker. If you choose the right person, you’ll receive invaluable tips and guidance on how to find the right Boston condo for sale or to close on a Beacon Hill condo. You’ll gain insight into the industry and learn how to be a better and more informed buyer or seller. However, not all Boston real estate brokers are created equal. Here is some important information to know before you hire one.
The top Boston real estate brokers are ones who have a proven history of successful sales. Before you hire a real estate broker, do some research. What is his or her background or specialty? If a downtown real estate broker doesn’t have any way to prove his or her expertise, think twice before hiring that person.
The Boston real estate business is much different now than it was decades or even a few years ago. You want to hire a broker who can hone on theri skills and reach via marketing your Boston condo for sale, you’ll want a broker who is technologically skilled whether a Boston condo buyer or seller. Make sure the broker you hire has the tools to help you understand where the real estate market is today.
You’ll need to hire a downtown Boston real estate broker who can meet your unique needs. Do you prefer scheduled sessions via email perhaps texting or do you need someone on-call for sudden issues or questions? Every downtown real estate broker works differently, so you’ll want to inquire about accessibility before zeroing in on a specific person.
The right real estate broker will motivate you and provide unmatched consulting that will bring you an impressive ROI. Just remember that you need to consider these major points. If you hire a downtown Boston real estate broker who is skilled, up-to-date, and accessible, you’ll have a better chance at closing deals.