Are you thinking about selling your home in Willowdale West? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in Willowdale West is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
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Most people understand that a Buyers Agent is the agent that represents a buyer through a real estate transaction and the Sellers Agent represents the Seller during the transaction. Often, buyers do not understand exactly what "Limited Agency" (sometimes referred to as Dual Agency) is and how it will impact their sale or purchase. In Utah, the exact definition of Limited Agency taken directly off a Limited Agency Consent Agreement from Utah Association of REALTORS® reads:"A Limited Agent represents both seller and buyer in the same transaction and works to assist in negotiating a mutually acceptable transaction. A Limited Agent has fiduciary duties to both seller and buyer. However, those duties are "limited" because the agent cannot provide to both parties undivided loyalty, full confidentiality and full disclosure of all information known to the agent. For this reason, a Limited Agent must remain neutral in the representation of a seller and buyer, and may not disclose to either party information likely to weaken the bargaining position of the other; such as, the highest price the buyer will pay or the lowest price the seller will accept. A Limited Agent must, however, disclose to both parties material information known to the Limited Agent regarding a defect in the Property and/or the ability of each party to fulfill agreed upon obligations, and must disclose information given to the Limited Agent in confidence, by either party, if the failure to disclose would be a material misrepresentation regarding the Property."
Many clients often point out the fact that the Agent will be making double the commission. This should not be a consideration for either party involved in Limited Agency. You must remember this agent will make commission on their listing no matter WHO sells it, and if the Agent is already working with the buyer, then anything the buyer purchases the Agent will make commission on that as well. Essentially any deal could be a "double commission" when an agent works with both buyers and sellers independently. So it is unfair to make the Agents commission a factor or a negotiation tool, for either party.
Limited Agency... should YOU participate? I suppose it depends on how well you know your Agent. Will you get the best deal? Possibly. You may have to rely on some of your own instincts and research to determine what the best deal will be, as you will not have full disclosure and advice from your limited agency real estate professional.
Great Tips on How to Sell Homes
Selling a home in today's economy is a pretty difficult proposition. There are tons of homes for sale now so to be able to sell a home it must 'pop'! If the home has walls that need repair because of cracks and paint that is flaking or just generally appear dirty or too outdated, the home will not sell very quickly. With so many homes on the market now the buyer will just move to the next home that is more appealing and looks like it has been kept in good condition and updated. Newly painted walls and ceilings will make a dramatic difference in how well the home will sell.
It is generally accepted in the real estate industry that home renovations that will expedite the sale of the house are updating the bathroom, the kitchen and painting the interior. These are just basic ways that any real estate investor uses to make their property sell quickly. Interior painting is a quick and easy way to increase the resale value of the property. Freshly painted rooms will make the home look well cared for and clean which is something that is very appealing to any buyer. If the home shows sign of wear and tear like holes in the walls, cracked surfaces, stains from water leaking this is the kiss of death for the seller. Today's home buyer is very aware of all the little defects and potential problems with properties. Doing a quick fix kind of paint and repair job will not pass the scrutiny of buyers.
The choice of colors is also a big factor in raising the value of the property. Neutral colors are usually used in homes that are up for sale so that the buyer will feel that their own furnishings will fit well into the home without them having to paint before moving in. White use was once the standby but this is not a good color to use. Softer, more neutral and warm colors will make the buyer feel comfortable, relaxed and cozy. Colors that are dark and trendy are not the best idea because these may not relate to the buyers idea of décor and be a deterrent to them.