With so much information readily available online and the market being as hot as it is, it may have you wondering whether hiring a Realtor in Victoria B.C. is the best choice. But when it comes down to it, buying or selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. Realtors have the expertise to help you prepare a killer deal, while avoiding delays or costly mistakes that can seriously hinder the process or end in a lawsuit against you. Here is a list of common misconceptions that people think when choosing to hire a Realtor or not.
- “I can find all of the information I need online.”
In some cases, this may be true. But when it comes to real estate, hiring a Realtor is critical when it comes to navigating the current market conditions. Realtor’s are experienced, trained, and educated when it comes to their profession. It is incredibly important to hire a Realtor so that they can help you with the many tasks that you may not be qualified for. For example, when you list a home on your own, you are not eligible to market your home on websites such as MLS. These are the largest real estate websites in Canada. Not showing your home on the websites will seriously limit the exposure to buyers and will likely result in less $$ for your home.
2. “I have enough time to do it myself.”
If you are planning to sell your home yourself, you will have to constantly answer calls from solicited parties, make appointments, and answer questions. Frequently, potential buyers are likely to move on to another property if you do not respond quickly or aren’t very accommodating. When you work with a Realtor, their full time job is to make all of these tasks absent from your daily life. They make the process of home selling and buying easy and convenient for you.
3. “I grew up here, I know everything about the neighbourhood.”
Although you may have lived in Victoria for your entire life, a Realtor possesses intimate knowledge and understands the industry buzz about your neighbourhood. Realtor’s in Victoria are privy to key statistics and demographics about local schools, crime rates, and can identify comparable sales. For example, you may know that a home down the street was on the market for $850,000, but a Realtor will know it had upgrades and sold at $785,000 after 65 days on the market and after twice falling out of escrow.
4. “I won’t get emotionally invested.”
When you hire a Realtor, their skills allow them to emotionally remove themselves from the transaction. Homebuyers need someone who can council them, and make sure that they are making a smart investment, not an emotionally driven purchase. With a Realtor on your side, they can make sure that you are making the best possible decision.
5. “I won’t run into any legal problems trying to sell my own home.”
What are the major risks? What am I liable for? What would I likely screw up if I were to list a home on my own? These are some of the questions that you may be wondering. You can be sued if you do not disclose a problem with your property! You may not know that something needed to be disclosed and you could be sued for it in the end! It can be as simple as forgetting something that went wrong with your home 10 years ago. These mistakes can be completely avoided when you work with a qualified Realtor.
There are many reasons as to why you need to hire a Realtor. When you choose to work with the experts from Rogers • Rutledge Engel & Völkers Vancouver Island, you will save yourself time, money, and possible legal problems. Also, by working with a Realtor you are guaranteed that you will be making the best possible choices, and not run into any implications of getting scammed or taken advantage of.
We promise that working with a qualified Victoria Realtor at Rogers • Rutledge Engel & Völkers Vancouver Island will make all the difference when buying or selling your home. Contact us for a free market evaluation today!