Selling real estate can be just as much work as buying. There are so many things to worry about as you prepare your home to list on the market. Then you have to worry about the real estate agent you will hire to help you get the house sold. After that, you have to worry about who will be coming in to tour your home throughout the week. Will you hold an open house? Do you take the first reasonable offer you are presented with? Our blog was designed to assist you through the selling process a little bit easier.
In 2015, flippers earned a return on investment of approximately 36 percent per house sold, proving that there is money to be made in real estate. However, for every success story, there are plenty of horror stories when it comes to flipping real estate. If you want to be successful, you must know what you're doing. You also have to have a great realtor on your side. The right realtor can help you boost your bottom line and prevent some of the scary scenarios that other flippers face. Following are four ways your realtor can make or break your business.
The first step in any flip is to find the right property. The goal is to find the best deal in the best neighborhood. A great real estate agent can take a lot of the legwork and guesswork out of this process. They know which houses are priced low enough for you to make a profit and can help you avoid nasty legal entanglements, such as liens.
Realtors are pros at market analysis. They know where home prices are on the rise, and they also know their market. If buyers in a certain neighborhood expect natural stone counter tops, they will let you know before you opt for a less expensive option. Buying in a sought-after neighborhood where houses are appreciating will pad your bottom line nicely, especially if you do the appropriate upgrades.
You're in the business of improving real estate, but your agent is in the business of marketing. A great agent can market your home aggressively, maximizing your chance of a quick sale. It takes a lot of pizzazz and skill to market a home effectively. If you choose to market your house on your own, you may end up having to carry the costs of the house for a lot longer than you would have if you hired a competent realtor.
Real estate negotiations are tricky, and there are a lot of laws and procedures you must follow. A great negotiator can get you the price you want through clever negotiation tactics. What's more, they can leave the buyer feeling like they got a great deal in the process, which will only improve your chances of selling your next flip.
As you can see, your realtor plays a huge role in your success. For this reason, it's imperative that you hire the right one.Share
30 May 2017