Tami Savage, Realtor

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Reasons to Hire a Real Estate Professional [INFOGRAPHIC]

January 8, 2021 By Tami Savage

Reasons to Hire a Real Estate Professional. Contracts: We help with all disclosures and contracts necessary in today's heavily regulated environment. Experience: We are well-versed in real estate and experienced with the entire sales process. Negotiations: We act as a buffer in negotiations with all parties throughout the entire transaction. Education: We simply and effectively explain today's market conditions and decipher what they mean for you. Pricing: We help you understand today's real estate values when setting the price of a listing or making an offer to purchase.

Some Highlights

  • Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process.
  • The right agent can explain current market conditions and break down exactly what they mean for you.
  • If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more.

Tagged With: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, FSBOs, Infographics, Move-Up Buyers, Selling Myths

Why Selling Your House on Your Own in 2021 Is a Mistake

December 30, 2020 By Tami Savage

Why Selling Your House on Your Own in 2021 Is a Mistake

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner (FSBO), it’s critical to consider the following items.

1. Your Safety Is a Priority

Your safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings but your health and well-being too. From regulating the number of people in your home at one time to ensuring proper sanitization during and after a showing, and even facilitating virtual tours, real estate professionals are equipped to follow the latest industry standards recommended by the National Association of Realtors (NAR) to help protect you and your potential buyers.

2. A Powerful Online Strategy Is a Must to Attract a Buyer

Recent studies from NAR have shown that, even before COVID-19, the first step 43% of all buyers took when looking for a home was to search online. Throughout the process, that number jumps to 97%. Today, those numbers have grown exponentially. Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house.

3. There Are Too Many Negotiations

Here are just a few of the people you’ll need to negotiate with if you decide to FSBO:

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interest of the buyer
  • The inspection company, which works for the buyer and will almost always find challenges with the house
  • The appraiser, if there is a question of value

As part of their training, agents are taught how to negotiate every aspect of the real estate transaction and how to mediate the emotions felt by buyers looking to make what is probably the largest purchase of their lives.

4. You Won’t Know if Your Purchaser Is Qualified for a Mortgage

Having a buyer who wants to purchase your house is the first step. Making sure they can afford to buy it is just as important. As a FSBO, it’s almost impossible to be involved in the mortgage process of your buyer. A real estate professional is trained to ask the appropriate questions and, in most cases, will be intimately aware of the progress being made toward a purchaser’s mortgage commitment. You need someone who’s working with lenders every day to guarantee your buyer makes it to the closing table.

5. FSBOing Is Becoming More Difficult from a Legal Standpoint

The documentation involved in the selling process is growing dramatically as more and more disclosures and regulations become mandatory. In an increasingly litigious society, the agent acts as a third-party to help the seller avoid legal jeopardy. This is one of the major reasons why the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

6. You Net More Money When Using an Agent

Many homeowners think they’ll save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save on the commission.

A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, the seller may even net less money from the sale. The study found the difference in price between a FSBO and an agent-listed home was an average of 6%. One of the main reasons for the price difference is effective exposure:

“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 a bidding war will take place, potentially driving the price higher, too.

Bottom Line

Listing on your own leaves you to manage the entire transaction by yourself. Why do that when you can hire an agent and still net the same amount of money? Before you decide to take on the challenge of selling your house alone, let’s connect to discuss your options.

Tagged With: For Sellers, FSBOs, Pricing, Selling Myths

It Pays to Sell with a Real Estate Agent [INFOGRAPHIC]

November 20, 2020 By Tami Savage

It pays to sell with a real estate agent.  Today, it's more important than ever to have an expert you trust to guide you as you sell your house.  For Sale By Owner (FSBO) is the process of selling real estate without a broker or real estate agent representing you.  Here's why selling as a FSBO is a big mistake.  You're likely to net more money working with an agent. Houses sold with an agent net an average of 6% more than those sold on their own.  Selling on your own can be difficult from a legal standpoint. Real estate agents act as a thirdd party to help you avoid legal jeopardy.  This is one of the major reasons why FSBOing has ddroppedd from 19% to 8% over the past 20 years.  Negotiating the ddeal is complex.  Here's who you'll have to negotiate with if you try to sell your house on your own: Buyer, Buyer's agent, Home Inspector, Appraiser (if there's a question of value), Buyer's attorney, in some parts of the country (Escrow company in Florida), Your safety is a priority. When you sell on y our own, it's very hard to control entry into your home.  Real estate professionals are experienced in keeping you safe with proper sanitization measures and COVID-19 guidance.  They also use technology like virtual tours to limit access to your home.  Selling your house on your own leaves you to manage the entire transaction by yourself.  Before you decide to take on this challenge, let's connect to make sure you're safe and successful every step of the way.  Sources: Collateral Analytics and NAR.  Contact: Tami Savage 727-282-4390 or tami@tamisavage.com

Some Highlights

  • Today, it’s more important than ever to have an expert you trust to guide you as you sell your house.
  • From your safety throughout the process to the complexity of negotiating the deal, you need a professional on your side.
  • Before you decide to take on the challenge of selling your house on your own, let’s connect to discuss your options.

Tagged With: For Sale By Owners, For Sellers, FSBOs, Infographics, Pricing

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About Me

I help homeowners find their new upgraded home in the Tampa Bay area. Read More…

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DISCLAIMER: The information contained, and the opinions expressed, on this site are NOT intended to be construed as investment advice. Tami Savage LLC does NOT guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should ALWAYS conduct your own research and due diligence and obtain professional advice before making any investment decision. Tami Savage LLC will NOT be liable for any loss or damage caused by your reliance on the information or opinions contained herein.