Why You May Want To Rethink Selling Your Own Home
In order to be a reliable professional within the real estate industry one must have acquired a lot of experience, education, and resources. Having these qualities as a professional continues to increasingly be demanded across the board, especially within the last twenty years.
It is pertinent to have a real estate expert in today’s market if you wish to sell your home for the best price within the shortest amount of time..and even more importantly, to close the sale! According to the Existing Sales Report by The National Association of Realtors (NAR), 18% of contracts failed due to declined mortgage applications or failures in loan underwriting (when the negotiated prices were above the appraised values) in August 2011. This was a higher contract failure rate than in July and August of 2010.
Homeowners have realized that selling their home is extremely difficult and that having a real estate professional is truly necessary. Nearly 50% of sellers who sell without a professional agent have changed their minds and turned to using a professional’s assistance over the last twenty years, as mentioned in the Profile of Home Buyers and Sellers by NAR in 2011.
We recommend that if you are hoping to sell your home in this overwhelming market, you make it easier for yourself and hire a real estate professional that can support you throughout the entire transaction and make the chances of you selling your home more likely.