You are probably wondering that if a person can buy a house on their own, then why can’t they sell one on their own as a For Sale By Owner (FBSO) . Homes for sale in Farmington Hills, Michigan deserve a great Real Estate agent to market, stage, arrange appointments and screen buyers to assure they are pre-qualified and able to purchase your home and get you the best price possible.
Houses that have the sign stating “FSBO” (for sale by owner) do not make much profit. According to the National Association of Realtors, in 2017, 89% of the sellers sold their house through a real estate agent and 87% of the buyers hired a real estate agent for the purchase. A house sale that was handled by a real estate agent went for $249,000, whereas one that was handled by the owner went for $190,000.
A few difficulties that FSBO houses face include:
- Inability to set the right price
- Unable to understand the paperwork
- Not being able to sell the house within the planned time
- Failing to stage the house properly for the sale
- Not having enough time for giving people a house tour
Now that you know what awaits you if you put up your home for sale in Farmington Hills, Michigan, on your own, let’s have a look at the following reasons why hiring a real estate agent is more beneficial:
1. They Have More Knowledge about the Real Estate Market
You won’t be able to make a sound deal on your home for sale in Farmington Hills, Michigan, because both the parties, you and the buyer, are not familiar with most of the real estate terms. A loophole might become visible in the future that will negatively affect you both. This is where a real estate agent proves his worth. Not only is he up to date with the current real estate market trends, but he also knows what documents are needed to make the transfer as easy as possible.
2. House Is Priced Competitively
The real estate agent knows more about comps than you will ever find out on the internet. Comps are necessary for setting the price. They are the key to multiple offers. Why would you pass up on such a good opportunity!
3. They Have Several Online Marketing Strategies up Their Sleeve
A real estate agent has several connections, which allows them to market your house to the right buyers. They are recognized in the industry, which gives them the power to sell your house within a month.
4. High Profits In Homes For Sale Farmington Hills, Michigan
When a trusted and reliable real estate agent handles home for sale in Farmington Hills, Michigan, you can be assured that you will receive a hefty profit. Clients with whom he has been working for a long time will trust his judgment and might even agree to the asking price without negotiations.
Convinced why hiring a real estate agent, who will ask for a small commission (did we mention small), is such a good idea? If you think about it, a real estate agent has magical powers—sort of— that help you sell your house easily. If you are looking for such a competent real estate agent who will help you with your house’s sale, then visit Homes2MoveYou or call me 248-790-5594 and get your house listed and beat the upcoming competition.
You are probably wondering why you need an energy audit for your home for sale in Farmington Hills, Michigan.
Well, imagine getting an offer for your house with the buyer paying the exact asking price. You had a home inspection done and the report came back clean. As a good gesture, you included insurance for the appliances and agreed to pay for repairs for the next year. Fast forward two months and the house is sold. A few months later, you get a call from the owner that the HVAC system is not working properly. Upon their inspection, the new homeowner found out the duct has inadequate insulation, which is causing warm air to escape. Since you had promised them insurance for repairs, you need to get the duct work changed.
While the home inspector may be at fault here, it’s you who are supposed to pay for the repairs.
If you live in an area where snow makes it difficult for you to even back your car out from the driveway, then you need to take care of a few things before putting up the “For Sale” sign.
Following are four things you should do to make sure that your energy audit comes back at 100%:
1. Contact a Snow Plow Now
If your driveway and the pathway of your home for sale in Farmington Hills, Michigan are covered in snow, you will find that most people keep rescheduling the tour. Before the snow buries your car and makes it impossible for you to do anything but watch from your house’s window, better call a snow plow service. Sprinkle a little salt to keep the pathway clean for a longer period.
2. Schedule Furnace Service
Often companies from where you bought your HVAC system, give you free maintenance, twice a year. Schedule an annual maintenance checkup with the company and take advantage of it, as long as they are offering it free of charge. Contact your local electrician and plumber to come and have a look at the system, just to make sure that everything is working in order.
3. Plant Trees
A little greenery always increases the value of your home for sale in Farmington Hills, Michigan. From a small garden in the front yard to a vegetable bed in the backyard or a green roof top, you will find that the flora and fauna keeps your house cool. Make sure that you plant far away from the plumbing lines to avoid any drainage problems.
4. Get a Full House Energy Audit
From floorboards to windows and doors, get a professional audit to find out how your house can preserve more energy. Even small things such as caulking the space around baseboards will make a huge change. Tiny spaces such as these allow warm air to escape during winter, which is why you find yourself increasing the temperature.
Now you know why it is important to know whether your house falls high on the energy efficient scale or not. Highlighting green features in the contract allows you to increase the asking price of the house and justify it easily. Before putting your house on the market, why not get it ready for winter by experts. Visit Homes2MoveYou or give me a call anytime 248-790-5594.
Are you thinking about taking the FSBO homes for sale in farmington hills route for selling your house? Here’s something you should know about before you make a big mistake:
A home for sale in Farmington Hills, Michigan with signs that say “For Sale by Owner” (FSBO) are always the last one to get sold on the block. Why? As soon as people find out that a real estate agent is not involved in the process, they stop themselves from placing an offer. They are concerned about who is the point of contact. In the back of their mind, they assume that something is wrong with the house and this is why the house is being sold by the owner.
The question is: as a homeowner, why are you doing this?
Are you trying to save on the real estate agent’s commission?
You might keep a few hundred dollars in your pocket but the money that you will pay throughout the process for transfer, deeds, and liens will have your mind reeling. Most important of all, you might not be able to draft a professional contract for your FSBO homes for sale in Farmington Hills, Michigan, which will leave you vulnerable to loopholes that the buyer can take advantage of.
FSBO vs. Realtor
According to National Association of Realtors, 30% of houses found are through real estate agents. In 2016, 8% of the houses were sold by homeowners themselves. Around 51% of the houses are found on the internet, which shows how important it is to market your house on the right platform.
With that being said, let’s take a look at why hiring a real estate agent for your home for sale in Farmington Hills, Michigan is better than taking the FSBO route:
1. Selling Price FSBO Homes For Sale In Farmington Hills
FSBO – A house that is put on the market by the owner is typically sold for $190,000. There are a number of reasons behind it such as a professional not being present at the time of negotiations and failing to understand the lingo used in such meetings. There’s also a problem of trust, as buyers think they might be getting scammed.
Realtor – A home for sale in Farmington Hills, Michigan being handled by a real estate agent is typically sold for $240,000. The reason behind this increase in sale price is because they are able to compare your house to comps and convince the buyer that all the features in the house are worth the asking price.
2. Time on Market
FSBO – It takes around 88 days for a homeowner to sell the house on his own. Usually, the house sits 18 days to 3 weeks longer on the market than a house being sold by a realtor.
Realtor – A house can be sold by a real estate agent in 2 months or less. The time frame also depends on the features of your house i.e. whether they are trending in the market or not.
3. Stress on Seller
FSBO – FSBO-ers are always worried about one thing or another regarding the documents of the house. They are 70% more stressed than people who work through a real estate agent. They have to tackle everything themselves; the packing, the staging, the sale and moving.
Realtor – Realtors have resources, which they recommend to homeowners. From legal paper work to repairs and finance, everything is taken care of by someone else.
This is why working with a real estate agent is a much better option than taking the FSBO route. Not only are you stress-free but you make a pretty profit on the sale too! Before putting up your home for sale in Farmington Hills, Michigan on the market, why not get it appraised by experts. Visit Homes2MoveYou now and get yourself a real estate professional like me to guide you through the process. 248-790-5594
There are many ways to increase the value of your house and if you are one of those people who judge people by the state of their home? Admit it, at one point or another, you have done it and thought to yourself, “Don’t these people clean their house?” Now that you are putting up your home for sale in Oakland County, Michigan, are you prepared to handle the feedback on “your” house?
Do you wish to know that one simple secret that can truly make a difference in how the potential buyer’s view your property and increase the value of your house?
Buyers See The Value of Your House
Buyers like to see the house spotlessly clean when they come for a tour. If you have kids, then you are bound to find some slimy gunk when you will start packing. The truth is, not every buyer will swipe their finger on a surface to find out if it is clean or not. However, you never know what is playing in the buyer’s head while they are touring your house. So, to be on the safe side, we have come up with a few cleaning tips that will help you not just convince the buyer that the house has been well maintained but also increases the value of your house:
Do the bulbs cast a weird and small shadow when you turn them on? It’s probably because of the dead bugs that have gathered in the light fixtures. The good news is that these are easy to clean. All the bulbs need is a good wipe and the fixture can be emptied with a feather duster.
Moving on to perhaps the dirtiest room in your home for sale in Oakland County, Michigan, bathroom is that one place that can change the buyer’s mind completely. Of course you clean your bathroom daily but what about the dirt that surrounds the bowl, the yellow line that has been in the bowl for years, and the chipped tiles around the toilet? A good scrub with a DIY solution of water and vinegar will help you get rid of all the stains, even the ones on the wall. As for the chipped tiles, why don’t you reset them using 9 Second Chip Fix?
Mirrors and Glass
Smudges on windows and other glass screens are the biggest turnoff. Cleaning the glass with a rag dipped in water will never make them spotless. Plus these signs show the buyer how careless you are. They might even imagine that if you don’t care about cleaning such a small surface then what other surprises will they encounter in the house.
Places such as where the TV is mounted, computer printer is kept, picture frames are hung, etc, collect a lot of dust. They give off a dirty appearance from far and make the buyer feel uncomfortable. You are probably thinking that a wipe with a cloth will do the trick but the dust will be back in just a few minutes. So, use the same DIY solution of water and vinegar, and clean such areas with a microfiber rag. Vinegar is not electrostatically charged, which means you don’t have to worry about the dust returning.
Cleaning and decluttering your house is a part of staging and inviting a buyer without any preparation is a sure way to tank the deal before it even begins. So, make sure that you clean the house all over the weekend and then do the finishing touches a few hours before the buyer arrives. Your next step is to find the perfect real estate agent, who knows how to market your home for sale in Oakland County, Michigan to the best. Visit Homes2MoveYou now or call me directly at 248-790-5594 and lets discuss the value of your house today!