Do private home sales work?? The short answer is…sometimes. Although it may seem funny & a bit over-simplified, if the ‘stars are aligned’ & the Buyer just happens to stumble upon your private listing…there’s a chance.
This realm of home sales isn’t affected by market inventory as much as the discount Real Estate brokerage system. …It is what it is & whether or not you can sell your home privately depends greatly on one thing…exposure.
The MLS system works extremely well because it links Buyers, Sellers & Real Estate Agents. Everyone worldwide knows it’s there. If they can find MLS, they can find your listing. Sure, private sales companies have access to the internet…but, so what. Who knows they’re there?? I may be looking for a house exactly like yours, but if it’s listed with “Joe’s Private Home Sales”…how am I going to find it?
Once more, what guarantees do I (the Buyer) have? Am I aware of comparable Sold prices to give me a better understanding of value? Who priced your property…you?? Based on what information? Am I paying too much?? Am I negotiating purchase price based on tangible information, or am I simply ‘winging it’ & hoping for the best. This opens up an entire can of worms.
What Professional Real Estate Agents offer Buyers is real.
– Years of negotiating experience – invaluable
– Experienced advice & guidance with everything Real Estate related from future resale features to the intricate process of financing, offers, possession, inspections, etc. – invaluable
– Tangible concrete comparable sales information in black & white – absolutely crucial before writing your offer.
– Instruction on legalities, etc, etc.
Not to mention, access to a network of proven tried & true Mortgage brokers, Financial institutions, Home inspectors & Lawyers. Who often offer the Agent’s Buyer not only the best available service, but discounted fees as well. Truthfully, what benefits are you offering the Buyer?
Maybe you’ve had a bad experience with an Agent in the past. I understand…to this day, I still see listings that have been on the market for a month with no photos or a poor description. Like in any business, you have varying degrees of competence. Although I have very little patience for these ‘Realtors’, they are doing me a favour. The worse they are, they better we look. We take extreme pride in our listings & our Client relationships. Although we try to continually learn each day, we’ve mastered our craft…& sometimes our work can be taken for granted. So yes, seeing a certain degree of incompetence reassures me of our standards & helps us consistently heighten them.
#EdmontonRealEstate #PrivateHomeSales #HomeBuyingPro #DwayneHorvath