Some say the housing market is undergoing a transition...changing interest rates often make monthly payments more expensive for potential buyers, and can cause fewer buyers to actively search for homes. At the same time, an influx of new listings is increasing competition among sellers. Point is: there is A LOT going on behind the scenes that the average buyer and seller likely don't know about.
And if you aren't working with an agent, you may not realize many of these things! If you're not informed, there's not only the potential pitfalls but also missed opportunities. Without an agent it can be difficult to know how or when to adjust your strategy or expectations in today's market.
Not convinced you need an agent?
For instance, a study by the National Association of Realtors (NAR) revealed that overpricing a house by just 5% can decrease the number of interested buyers by as much as 50%. This translates to a significantly longer selling time and potentially lower offers.
Beyond just pricing your home correctly, an agent can also help you identify crucial repairs that might go unnoticed by an untrained eye. A loose doorknob or chipped paint might seem insignificant, but they can raise red flags for potential buyers and signal a lack of overall maintenance.
Not to mention, an agent helps give you a little space...
The emotional toll of selling a house can be significant. Detaching yourself from the property and dealing with negotiations can be stressful. A good agent acts as a buffer, handling communication with buyers and advocating for your best interests.
Statistics show that homes sold with the help of a real estate agent typically fetch a higher price compared to those sold by owners themselves. A recent report by the National Association of Realtors indicated that sellers who worked with an agent received an average of 6% more than those who went it alone. And there's no price you can put on the amount of hassle and stress it can save!
No matter if you're wanting to sell, or maybe looking to buy nearby, Garden Valley Properties is here to help! Get in touch today to move towards HOME!