North Texas Real Estate Blog

Reasons to hire a Realtor buying and selling your North Texas home

In the North Texas real estate market, many people make the decision to sell their home without hiring a licensed real estate professional. Many homes in Northeast Tarrant County such as Southlake TX, Keller TX, Colleyville TX, and Grapevine real estate are listed by a Realtor. While some sellers decide to try selling their own property, they are faced with the challenge of competing with homes that are priced and marketed by professionals that are involved in buying and selling homes on a daily basis.

When asked why a seller would prefer to sell their own home, many respond that saving on the Realtor commission is their main reason. These sellers tend to believe that they are capable of pricing their property appropriately and negotiating with prospective buyers without assistance. While some sellers are successful, others eventually hire a Realtor to list their home.

There is statistical evidence dated in 2006 that homes sold with the assistance of a Realtor sold for 15% more than homes sold by owner. Realtors have access to historical sales information for homes located in the same area as the subject property. This data helps the Realtor to price the property based on recent sales of comparable homes. Although there is some information available to the public about the estimated value of homes in a particular neighborhood, it sometimes is not as accurate and what is available to a Realtor.

A Realtor that has access to the MLS also has the capability to see how long the average home is on the market, what are the average sizes and amenities that homes in the area have to offer, and any other information if the house has been sold within the last 5 years using a Realtor.

When it comes to marketing your home for sale, a Realtor has access to the MLS, which other real estate agents consult when searching for homes for their clients. Listings on the MLS are also accessible on the Realtor.com website, where many prospective buyers begin their search for a new home. Many real estate brokerages have other advertising products that are available to their agents that would be costly to a for sale by owner. Some Realtors are involved in networking groups, which is just another way of expanding their sphere of influence. The more opportunities and avenues of exposure available to a home seller, the more quickly the property is likely to sell. In today’s real estate market with the mortgage crisis that is occurring, a home seller needs every advantage available to him to help expedite the sale of his home. Hiring a Realtor to sell your home gives you the advantage in this very competitive marketplace. Call for more info, Betty Warden, 817-521-4859.