Finding a buyer for your home without listing it can seem like a huge win. However, the journey from accepting an offer to closing the sale involves numerous complexities. Here’s why enlisting a real estate agent remains crucial:
◦ Navigating Commissions: Commission rates aren’t fixed by law and can be negotiated. Discuss your needs with your agent to find the best fit, especially if you’ve found the buyer yourself.
◦ Ensuring Legal Binding: Verbal agreements aren’t legally binding in real estate. An agent will provide the necessary forms, such as purchase agreements, to formalize offers.
◦ Handling Earnest Money: Your agent will manage the earnest money, typically 1-2% of the purchase price, ensuring it’s securely held in escrow, protecting your interests if the buyer backs out.
◦ Managing Terms and Contingencies: Beyond price, agents ensure all sale terms and contingencies, like financing, inspections, and appraisals, are properly included to avoid future disputes.
◦ Facilitating Closing: From coordinating schedules to ensuring all legal documents are in order, an agent guides you smoothly to the closing table.
Hiring an agent not only helps navigate these crucial steps but also provides a buffer between you and the buyer, ensuring a smoother transaction overall. As an agent myself, I have encountered multiple clients who had the same issues when they tried opting for selling their homes by themselves. Worry not! You can always contact me at (858) 345-0685.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
