When you are selling your home, there is a temptation to try and save money wherever possible. For some sellers, that means forgoing the cost of a local real estate agent in Knoxville and selling their home independently. However, this can often be a false economy as you mind yourself at a disadvantage without the expertise of a local real estate agent in Knoxville behind you, resulting in a lower selling price!
Let’s take a look at some of the key reasons why it is better to work with a local real estate agent in Knoxville when you are ready to sell your home.
1 - Industry Experience
One of the main reasons why it is important to work with a local real estate agent in Knoxville when selling your home is that they have a wealth of experience in the local real estate industry and know all of the ins and outs of the selling process. This allows them to make well-informed decisions when it comes to putting your home on the market, which can result in a faster sale and a more attractive offer!
2 - Providing Expert Insights
The real estate market is constantly changing, so choosing when to put your home up for sale, even down to the days of the week you publish your listing, can make a huge difference. If you try to sell your home independently, you likely won’t have access to these trends and market insights. However, an excellent real estate agent is monitoring these insights all the time and will be able to explain current market conditions and what they mean to you as a seller.
3 - Understanding Pricing & Market Value
Determining the right listing price is one of the trickiest parts of selling your home. It is not just determined by your home’s value but also by comparable listings in the area, what local buyers are willing to spend, and all sorts of fluctuations in the housing market. When you work with a local real estate agent in Knoxville, they can help you to understand current real estate values and help you to set the right price for your home. It is important to find the right balance between making as much money as possible from the sale and ensuring your home is priced so that it is still attractive to buyers.
4 - Handling Contracts & Fine Print
Let’s talk about the paperwork! Selling your home comes with a lot of paperwork, and most of it has a substantial amount of fine print. The real estate industry is heavily regulated, and contracts need to have all of the i’s dotted and the t’s crossed! Unless you have an extremely detailed understanding of these contracts, you will benefit greatly from having a local real estate agent in Knoxville handle all of the disclosures, contracts, and other official documents that come with selling your home.
5 - Marketing & Exposure
How are you going to market your property? Selling your home can take a great deal of exposure, and getting it in front of buyers can be a challenge. However, when you work with a local real estate agent in Knoxville, they will have access to the most effective marketing tools and an extensive network of agents and buyers who may be interested in purchasing your home. Your listing will likely have far more reach in the hands of a professional Realtor!
6 - Negotiation Experience
It is likely that you won’t want to accept the first offer you get for your home, which means you will have to negotiate. Real estate agents have lots of experience in negotiating contracts and contingencies, and they can not only help you navigate through a potentially complex transaction but also act as a buffer for you in the negotiation process.
In summary, there are several excellent reasons why it is better to work with a real estate agent when selling your property rather than going it alone. If we had to sum it up in a brief statement, we would say that a real estate agent can ensure your property listing gets more exposure, help you negotiate a better deal, and help you navigate potentially complex contracts and disclosures. A real estate transaction comes with a variety of potential pitfalls, both legally and financially, so it is always a good idea to have a professional in your corner!
Wright Realty is a full-service real estate concierge with a wholistic approach to buying and selling property in East Tennessee. We are your trusted advisor and keep open communication throughout your entire buying/selling process. Real Estate done "Wright" means more than just a 'transaction'.
Finding Your Property the "Wright" Way!