Homes For Sale In Farmington Hills-Hire A Real Estate Agent

Homes For Sale In Farmington Hills-Hire A Real Estate Agent

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.

 

Existing Home Sales Rebound In February

Existing Home Sales Rebound In February

Historically low inventory and quick price growth stalled home sales in the US for a few months, but new data shows the home sales rebound and headed upward.

According to the most recent Existing Home Sales Report from the National Association of Realtors®, the total existing home sales rebound (which they define as any completed transaction, including single-family homes, condos, townhouses, and co-ops) rising 3% in February, following two straight months of declines. The seasonally adjusted annual rate is now 5.54 million, which is up from 5.38 million on January and 1.1% higher than last year.

Home Sales Rebound and Job Growth

NAR Chief Economist Lawrence Yun credits the booming economy and nationwide job growth for the increase in existing home sales. And while low inventory (and the resulting rising prices) are still an issue, the market is becoming more buyer-friendly; total housing inventory rose 4.6% in February to 1.59 million existing homes for sale. Also, according to a recent article from Realtor.com, new construction should start to hit the market towards the middle

Sales of previously owned homes in Oakland County declined in both December and January. But that isn’t all that surprising. Cold weather in much of the country, combined with the end of the year and the holidays often causes home sales to slow down. This year, however, with current inventory levels and affordability conditions, some worried that the slow sales pace may mean something more significant and could even lead to a disappointing spring season in Oakland County. But new numbers from the National Association of Realtors provide some relief, showing February home sales rebound 3 percent from the month before, with single-family home sales up 4.2 percent. Lawrence Yun, NAR’s chief economist, says increases in the South and West made up for slumping sales in colder areas like the Midwest and Northeast. “A big jump in existing sales in the South and West last month helped the housing market recover from a two-month sales slump,” Yun says. “The very healthy U.S. economy and labor market are creating a sizable interest in buying a home in early 2018.” More here.

The Takeaway

If you’ve been interested in purchasing a home within recent months, but got discouraged by the lack of listings, now might be a good time to call your agent and dip your toes back into the water.

Listing: Open House Modal