Do I Really Need a Realtor to Sell My Home in Hawaii?

Do I Really Need a Realtor to Sell My Home in Hawaii?If you're a proficient DIY-er or just looking to maximize profit from the sale of your home on the Big Island, you may be considering FSBO (for sale by owner). We understand why homeowners might opt to list the home themselves, but successfully selling a home on the Big Island is a dynamic process that is best with the support of realtor. Before you decide to go the FSBO route, consider the benefits of a realtor and the risks of forgoing one. 

Market Expertise

One of the primary reasons to work with a realtor when selling your home on the Big Island is the in-depth knowledge of the local real estate market we bring to the table. Even as a local who knows the island well, it's almost impossible to keep up with this dynamic market if you're not working in it.

We have access to comprehensive data and insights about market trends, property values, and buyer preferences, allowing us to accurately price your home for sale and position it effectively in the market. This expertise can help you maximize the sale price of your home and minimize the time it spends on the market.

Marketing

Selling a home involves more than just listing it on the local MLS (Multiple Listing Service). Realtors use a variety of marketing strategies and channels to ensure maximum exposure for your property, including professional photography, virtual tours, online listings, open houses, and targeted advertising campaigns.

We also work within our local network to generate interest before you home even hits the market. By leveraging our marketing expertise and networks, we can attract qualified buyers and generate interest in your home, increasing the likelihood of a successful and efficient sale.

Negotiation

Negotiating the terms of a real estate transaction can be complex and nuanced, and having a skilled negotiator on your side can make a significant difference in the outcome. Our training and experience in negotiation techniques help us advocate for your interests throughout the process, whether it's negotiating the sale price, handling counteroffers, or navigating contingencies. Our goal is to secure the best possible deal for you while protecting your rights and minimizing potential risks. 

Legal Compliance

Selling a home involves a myriad of legal requirements and regulations, and failing to comply with these can lead to costly mistakes and liabilities. We are up to date with local real estate laws and regulations, ensuring that all aspects of the transaction are handled correctly and legally. From drafting contracts and disclosures to navigating inspections and closing procedures, realtors provide invaluable guidance and support to help you navigate the process with confidence and peace of mind. 

FSBO transactions can pose a legal risk that ends up costing you a whole lot in time, money, and stress. Do yourself a favor and outsource this essential part of the transaction to a trained industry professional. 

Getting the Best Price

We know some sellers are looking to put in the work and sell their home themselves in order to maximize profit. If this is you, we have some great news: FSBO homes tend to sell for less than they would with a sellers agent.
Real Estate expert Bill Gassett of Maximum Real Estate Exposure provided some excellent insights on why selling by owner can be a significant mistake.
"Over the last several years real estate markets around the country have been characterized as having low inventory with plenty of buyer demand. The environment has led to most properties having multiple offers and a bidding war. Homes often sell significantly over the asking price. If you decide to sell by owner, you'll likely give up that opportunity. Rarely if ever does a FSBO get multiple bids. This happens due to a lack of exposure in the market. Homeowners who wish to net the most money should always consider listing with a real estate agent.
The amount of commission you will pay is often made up in the amount of money you'll sell your property for. Not only will it sell for more money but it will happen a lot quicker. Your agent will do all of the tasks you'll be required to do like showing the house, ensuring the buyer is qualified, negotiating home inspections, and any other issues that crop up during the transaction."

Ready to find out what your home on the Big Island is worth, or learn more about selling it? Contact us any time. 

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