The Least You Should Know When Selling Your Boca Raton Condominium On Your Own

FSBO (For Sale By Owner) Versus Real Estate Agent

When it comes to selling your luxury condominium, there are a lot of elements to factor. Simple ideas such as having the time to sell are just one you should contemplate if you’ve been thinking about selling your Boca Raton home outright. In this week’s blog, we point out some items you should factor in if you’ve been thinking about selling your vacation or property in South Florida.

DIY Sellers are Often Misled Thinking They Will Save Money

The first misconception many people have when deciding to sell their property is they will make more money or don’t need to pay a realtor the 6% of closing costs. In fact, making top dollar on your home or estate may not happen at all. In most cases, brokers are equipped with the right tools and knowledge and tend to get more from the sale than if you were to sell it without a luxury home specialist. Not only are these qualified individuals knowledgeable in the market, but they are also privy to what’s happening within the zip codes they serve. Second, just because a home or property sold in the north part of the county for a set price, isn’t going to be the same in another part of Palm Beach County. Your real estate agent will have access to certain information that isn’t always shared on a national level. Taking time to do your research may help you if you’re thinking about selling on your own. But, you will need to manage your time accordingly because of real estate changes almost daily.

Time is Ticking When Selling Your Own Property

In the same fashion using a realtor to get you the most for your property, these individuals can also help save you time. Many of our homeowners today are short on time, like everyone else. A lack of time is even more notable when owners live in multiple locations. Likewise, if you’re someone who lives in internationally and has multiple properties, you may find selling a home in Florida to be even more challenging when it comes to your schedule. Hiring a realtor may be more logical as they can meet the potential buyers without you having to be present. Not to mention, things like open houses and other promotions may not be possible for people who travel abroad or who aren’t readily available when a prospect is looking to book an appointment. Not only is hiring a realtor going to save you money, but they will also save you valuable time. The trained professionals are convenient because they plan their daily schedule around selling real estate.

Hiring a Realtor Versus Selling on Your Own is Logical

Next reason selling your luxury condo may not be the most logical when it comes to selling on your own, is the marketability of the property. Realtors have a special tool, only available to them known as the MLS. The Multiple Listing Service is a hot spot for buyers and people selling their property are not able to list there. Marketing your property to let people know it’s for sale, is costly and time-consuming. Your realtor has more resources (chances are) and will facilitate an entire marketing strategy. In most scenarios, they work closely with their team, which helps them manage to get the word out. Having access to the MLS is yet another reason why selling on your own, maybe a bit more difficult.

Realtors are Master Negotiators, are You?

Other than the not having access to the MLS, another key point to factor is negotiation power. For some business tycoons, bartering is no issue. However, for the average homeowner, it’s not a desirable part of the process. Realtors are born negotiators and are very comfortable presenting the numbers to the interested parties. Moreover, these business men and women thrive on doing what’s right for their clients, so they understand how to present the offers, at just the right time and to just the right customer. Homeowners who take on the challenge of selling themselves are often too emotionally attached to the property which can cause their debates to be a little more strenuous. By hiring a savvy real estate pro, they will keep you abreast of the situations. While coordinating relevant offers, realtors help you be more successful by having all the proper tools to get the job done. Also, you’ll also be alleviating a good portion of the anxiety that comes along with the territory.

A Professional Realtor Makes the Process Less Stressful

In addition to having less stress, an experienced realtor must be licensed and know all the real estate laws of the state in which they are qualified to work. For sale by owner, situations can result in costly expenses and lawsuits. Real estate is a very complex, and precise market, where one false move could land you in bankruptcy. Of course, that may seem a bit extreme, but it’s also a possibility. Nonetheless, realtors continue their skills and knowledge through continuing education, any breakthroughs in the market and a plethora of other ways to stay on top of laws and bylaws the general public is unaware. Despite the hours of studying they should do before obtaining their license, they are expected to keep proficient throughout their career. Be sure to ask your real estate agent, what they do for brushing up on their skills.

Weigh Your Options if You’re Contemplating FSBO

All things considered, it may be the right opportunity for you to sell your luxury condo on your own. Ultimately, taking the time out to weigh your options will make the most sense. In any event, if you are thinking about going solo, have a logical discussion with a reputable real estate agent and do your due diligence to be certain you’re not only going to get the best offers, but you’ll be able to execute the many other facets when selling your estate.

In conclusion, the very least you need to know about selling your property on your own is there’s always an alternative if it doesn’t work out. Selling luxury condominiums in Boca Raton can be demanding, costly and time-consuming. Be sure to consider all your options before running an ad in the newspaper or going it alone. There’s plenty of help making the process easier.

For more information on selling your luxury home or condo, please contact our offices directly.