Are there ways to sell your home in Worcester County Ma.? The answer is yes but read on before you decide to take the plunge.
Real Estate Supply and Demand
Most Realtor commissions are around 5%. On a typical Worcester County Ma. real estate sale that will amount to 10-$15,000.00. So is hiring a realtor worth it? The price must be right in selling a home. It is based on simple economics of supply and demand.
There are only so many buyers in the market. Once your home is on the market for some time it gets harder to sell because the market needs to be infused with new buyers who may be interested in your home. Lowering the price may help but the best opportunity to sell your home is in the first 30 days of listing it. That is when you will be attracting the largest pool of buyers.
Worcester Real Estate is also affected by things like location, employment, schools, and healthcare. Understanding these factors along with experience puts the self-taught home seller at a distinct disadvantage.
A Realtor’s access to market updates and trends in the area can help to determine the correct pricing and entry of your property into the market place. Marketing and price are significant factors that affect a home sale.
Marketing resources for sellers is not there
Forty percent of the homebuyers who used the Internet (90 percent of respondents) to help them find a home used their local MLS site, according to the survey, conducted in June 2012 and representing the 12 months spanning July 2011 to the end of June. All respondents had purchased a home in that time period. An advertisement posted on Craigslist by a home seller simply does not hold the weight, nor the credibility of the MLS.
A realtor has a network with other agents and brokers. This network provides information that helps shape the direction of the product being offered for sale, your property. This honest gut level feedback cannot be achieved without a third party. They also work with you for compliance on all disclosures and forms. I have seen homeowners try to omit things that could open them up to civil lawsuits. Advice and guidance from an intelligent professional is worth something. A Massachusetts Realtor might advise you against an investment (saving you money) that will not bring a return, or advise you to take action or make an investment that might bring you a better return or achieve a sale faster.
Realtors have experience with closing issues
A Realtor negotiates for the seller through inspections and solves the myriad of problems that can arise before closing. I have seen many home and condo sales in Worcester County fall apart right in front of me because of inspections, lawyers, poorly written contracts and personalities. If you have a great negotiator on your side the deals often work out. So can you sell your own home? Of course you can and many do quite well, but if things go south you are always in a much better place with a Realtor that has experience.