Selling your home quickly is sometimes a given, but did you know that the agent you choose can affect the cash you walk away with? Here are five reasons why interviewing multiple agents and selecting a local expert is crucial when putting your home on the market:
- Agents unfamiliar with your local micro-market may not understand how to price your home correctly. Some may price low to generate a bidding war, but underpricing has pitfalls. It may lead to an appraisal gap issue when your appraiser compares your list price to the contract price. To avoid this, you need a local expert to price your home accurately and eliminate appraisal gap issues that could hinder your home from closing.
- Pricing your home low also attracts multiple offers, which can be overwhelming for you and your agent. The Colorado Contract to Buy and Sell Real Estate Contract is over 40 pages making it easy to miss something sneaky that other agents might insert in the contract. By pricing your home correctly, you can eliminate low-ball offers and encourage well-qualified buyers, reducing the risk of missing something when reviewing hundreds of pages at once.
- An open house with 50+ showings in one weekend is a risk to you, your family, and your home. Buyers are not always gentle when touring a home, and accidents can happen. By pricing your home appropriately, you can reduce the foot traffic and protect yourself and your property.
- Local experts have knowledge and experience that other agents may not. They can guide your appraiser through the value of your subdivision, upgrades in your home, and other factors that could positively impact the value of your home. For example, in some communities, builders used low-quality materials that were later recalled. A local expert can use this information to help your home appraise higher than others in your community.
- Choosing the right agent for your home is critical to ensure you don't leave money on the table. There is no set value for your home, and the price a buyer is willing to pay depends heavily on the skill set of your agent. Remember to choose wisely to avoid losing money.
Don't settle for less when selling your home. Choose a local expert to list your home and maximize your profits.
