Should You Sell Your Albuquerque Home by Yourself?

Home for Sale sign

Selling a home can be challenging, especially if you decide to sell your home in Albuquerque on your own, otherwise known as a For Sale By Owner or FSBO. Yet now more than ever, enlisting the help of an agent to help sell your home is critical to the success of the sale, as well as your safety.

Here are a few reasons why you should use an experienced real estate agent when selling your home in Albuquerque.

1. Safety

Real estate agents in Albuquerque, such as Sandi Pressley and her team, are particularly aware of safety issues when selling a home during this pandemic. Not only will they take precautions to protect your health, but to also protect your belongings. They can regulate the number of people who view your home at one time, as well as assure sanitation before and after the showing. If needed they can arrange virtual tours. The National Association of Realtors (NAR) has issued standards that agents will follow to make sure your home sale is as safe as possible.

2. Powerful Online Marketing

Studies are showing that after the COVID-19 outbreak, the number of people who searched for homes online rose to 93%, and that number keeps growing. Your listing is networked through multiple online resources, making your home for sale visible to anyone in the world. Do you have that capability?

3. Negotiations

If you sell your home in Albuquerque on your own, you will have to negotiate with various individuals to complete the sale, including the buyer, the buyer's agent, inspectors, the appraiser, and more. Real estate agents are experts at negotiating with these individuals. They make sure that those negotiations result in a smooth and fair transaction.

4. Is the Buyer Qualified for a Mortgage?

When a buyer is interested in your home, the first important step is to make sure they can afford it. If you sell your home as a FSBO, you can't tell if a buyer is pre-approved for a mortgage, unless they tell you. Real estate agents are experienced in asking the right questions and making sure that you are presented with a buyer who's ready to make deal.

Also, keep in mind that the mortgage market is changing rapidly, with so many families out of work. What a person qualifies for in regards to mortgages can change daily. You need an agent who works with lenders daily and can make sure your buyer can complete the sale.

5. FSBOing is More Difficult Legally

Are you familiar with all of the mandatory disclosures and regulations that are needed to complete a home sale in Albuquerque? Again, your agent deals with legal issues daily and can help you avoid your own legal issues.

6. You Net More Money When Using an Agent

You might think you'll save money by not using an agent to sell your home. But in reality, the opposite is true in most cases. In fact, studies show that you may make less money selling your home as a FSBO. Your agent will also bring more buyers to the table, which can end up in a bidding war and netting even more.

In the end, it just doesn't add up to sell your home on your own. You can rely on Sandi Pressley and her experienced team to make sure that your home sells quickly and for the best price possible. Contact us today to discuss your options.