Check out this Market Trend Report from Compass!
Compass had the highest total sales in Dallas County for the month of July. We’re happy to work with some of the best in the biz!
This year alone, several clients with off-market sales have specifically requested our representation. They feel that having an expert on their side serves them best, both financially and contractually. This article from Texas REALTORS® outlines just a few reasons why selling your home with a licensed real estate agent is the best way to go.
Most people hire a real estate agent to sell their home. In fact, 91% of Texans did so in 2020, according to research by the National Association of REALTORS®. If you are considering selling your home on your own, make sure you know what you are in for. The process can be complicated and the stakes high. Here are just a few of the many reasons a REALTOR® is the best choice to help you sell your home:
REALTORS® are engaged every day in buying and selling real estate. They know what factors help a property sell quickly and for the highest price. They also understand what causes homes to languish on the market. A REALTOR® will help you make the best decisions to realize your goals.
Wondering what updates to tackle before putting your home on the market? Unsure how to price your property? What you decide could lead to tens of thousands of dollars in gains or losses. A REALTOR® brings a wealth of experience to help you optimize your sale in these and many other areas. You won’t have to figure out on your own what disclosures are required, which forms to use, and other important considerations.
Read the full Texas REALTORS® article here.
A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, they may actually cost themselves more. One of the main reasons for the price difference at the time of sale is:
“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”
The more buyers that view a home, the greater the chance of a bidding war for the property. The study found the difference in price between comparable homes of size and location is currently at an average of 6%.
Read more here.
This article from Texas REALTOR® Magazine offers helpful insights for both Buyers and Sellers on handling multiple offers.
“Buyers Face Stiff Competition for Properties
Your buyer clients will need to stand out from the crowd in order to get a contract accepted. Many properties are going under contract quickly and often with multiple offers above listing price. Consider these tips for helping buyers put their best foot forward in this increasingly common scenario.”
“When Representing Sellers, Be Fair or Beware
Congratulations on receiving multiple offers for your seller’s property. What do you do now? To comply with Texas Real Estate Commission rules, you and your client’s next steps must treat all prospective buyers fairly or you risk disciplinary action.”