The Disadvantages of Selling your Lake Home “FSBO”
Has the time finally come to sell your home at the Lake of the Ozarks? We understand that you want to get top dollar out of your important lake asset, and we’re here to help do just that! Many homeowners believe that to maximize profits you need to “cut out the middleman,” listing their home themselves as “For Sale By Owner.” However, we’re here today to tell you why hiring a real estate agent at the Lake of the Ozarks could actually improve your profit margins. As well as reducing the hassle for you as the seller and minimizing any legal risk you may undertake. Continue reading to see why you may opt to keep that “FSBO” sign out of your yard and hire a professional instead.
Access to the MLS Database
A real estate agent has access to the Multiple Listing Service (MLS). The MLS is a database of current homes for sale. By hiring a real estate agent, information about your home will be instantly available to agents all across your area. They can conduct searches in the MLS for potential buyers to locate properties the buyers might be interested in. If you try to sell your home by yourself, you might not be listed in the MLS and buyers' agents won't bring your home to their clients' attention.
Negotiation Skills & Professionalism from Top Producing Agents
Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and provide an unbiased evaluation of the home. Good agents are not messengers, delivering buyer's offers to sellers and vice versa. They are professionals who are trained to present their client's case in the best light and agree to hold client information confidential from competing interests.
Copious Amounts of Paperwork & Potential Legal Pitfalls
Today's purchase agreements are more than just a single piece of paper vaguely going over the conditions of the sale. If you're lucky, there may only be the purchase agreement itself, but in the Lake of the Ozarks area, that's just not typically the case. The state of Missouri requires certain disclosures to be completed depending on the property type, age of the property, and location of the property. One tiny mistake or omission could land you in court or cost you thousands. But don't worry, our agents will help you to determine what paperwork is required and can answer questions about those documents!
Online Real Estate Valuations aren’t Accurate, but Ours Are
If you've ever gone on real estate websites like Zillow or Trulia, you've probably seen their estimated valuation. While in a perfect world, being able to see the estimated value of a home online would be wonderful, not every region is the same when it comes to real estate value. This is especially true for the Lake of the Ozarks real estate market. Therefore, it's not feasible to go off of an estimate provided by an online company that's not even located in, nor understands the special factors that Lake of the Ozarks real estate agents must consider when pricing a home. We often see this with appraisal professionals who are not familiar with the Lake area as well. Local real estate agents have certified and local appraisers that can bring insights that help you home achieve the most accurate valuation possible.
The Real Estate Market is Ever-Changing
The real estate market is shifting every day. Every home is different, and laws change every year and vary between different types of properties. Typically, people purchase a new home every 7-10 years, and a lot can change between transactions. Lake of the Ozarks real estate agents are immersed in real estate, and they must stay current with all the updates in regulations, laws, contracts, and practices. Once you obtain a real estate agent, they put that knowledge to work for you.
Allow the Fran Campbell Team to Exceed your Expectations!
So, if you’re truly interested in maximizing the profits on the sale of your home at the Lake of the Ozarks, our team of top-notch agents at The Fran Campbell Team are ready help! We specialize in marketing your home to the most potential clientele and utilizing our skilled negotiations to capitalize the value of your investment. If you’re to be represented by the best real estate agents at the Lake of the Ozarks, give us a call anytime to set up a consultation. We look forward to providing you the results and service you deserve!
Lake of the Ozarks BEST Realtor