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Should You Sell Your Albuquerque Home by Yourself?

Tuesday, May 9, 2023

by Sandi Pressley

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.

HOT ALBUQUERQUE LISTING OF THE WEEK

1621 Camino Rustica SW, Los Lunas, NM 87031

Custom one story 4 bedroom 3 bath home (former model) just 20 minutes from Albuquerque. Open floor plan! Raised ceiling in the great room creates space. Split bedroom floor plan. Primary boasts a garden tub, separate shower and large walk in closet. Covered patio and walled backyard. New roof 4/2023. Great Los Lunas Location!!

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Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

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4 Reasons Why You Need an Agent to Sell Your Albuquerque Home

Friday, March 24, 2023

by Sandi Pressley

Selling a home in Albuquerque on your own, or FSBO, may seem like a good idea to save money and have more control, but it often leads to more stress. Issues that people face when selling their house on their own include setting the right price, marketing the property effectively, navigating legal requirements, and negotiating with buyers. Without the expertise and experience of a real estate agent, these tasks can be daunting and time-consuming.

Setting the Right Price

Selling a house without a real estate agent can lead to difficulty in setting the right price. Emotions attached to the property can cloud judgment, resulting in an overpriced listing that deters potential buyers and prolongs the selling process.

Paperwork

Selling a home involves a lot of paperwork that can be difficult to understand. Real estate agents undergo extensive training to comprehend legal jargon and can handle all the necessary paperwork on your behalf. Hiring a professional to handle the paperwork can be a convincing reason to choose a real estate agent.

Selling in Your Desired Timeframe

Home sellers don’t always realize how long the process takes. You need to get your home ready to sell, show it to buyers, close the sale, and more. All of this can add up, making the process take longer than people expect. As such, many will set unrealistic deadlines and be disappointed and frustrated when they fall short.

Getting Your Home Ready to Sell

Most homes in Albuquerque need to be prepared to sell. There’s almost always some repairs to be made, along with cleaning and staging. This is a crucial part of the process that many homeowners overlook when they sell their own home. Home buyers typically will look at a home online and judge the home by the photos. If they don’t see a clean home, they will just go to the next listing.

Why go through all of these stressful obstacles on your own? Hiring an experienced agent, such as Sandi Pressley and her team, will alleviate a great deal of stress and confusion during the selling process, as well as help you make more money in the end.

HOT ALBUQUERQUE LISTING OF THE WEEK

4601 Rio Grande Lane NW, Albuquerque, NM 87107

Phenomenal private North Valley oasis located on one of the most coveted streets in Los Ranchos. Entering this magnificent property will take your breath away. Single level. Elegantly and completely renovated in 2018. The entire home encompasses high end finishes, impeccably done with exquisite taste. Two very large living areas, options for formal and casual dining, tremendous windows with exclusive custom drapery. Kahrs white oak wood floors. Chef's kitchen with massive island, custom cabinetry, quartz counter tops and high end appliances. Each bedroom has its own bath and walk-in closet. Separate office with gorgeous builtins. Grounds are simply stunning. The property is gated and fully fenced. Mature trees, fruit and nut bearing, beautiful grass.

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Here's Why You Should Not For Sale By Owner

Monday, December 26, 2016

by Sandi Pressley

In today’s Market in Albuquerque, some homeowners might be thinking about selling their home on their own. This is known as For Sale by Owner (FSBO). But there are a number of reasons why this may not be the best idea is you’re planning on selling your home in Albuquerque.

Here are 4 reasons why:

Buyer Exposure

It’s a fact that 94% of buyers search online for a home. That’s compared to only 17% looking at the newspaper ads. Most real estate agents in Albuquerque have a marketing strategy that involves online marketing. Do you?

The Internet Gets Results

51% of home buyers find their home on the internet. 34% found it from a real estate agent. A mere 9% found it from a yard sign. Just putting up a sign in the front yard doesn’t work anymore. A strong internet marketing strategy is essential.

Too Many People to Deal With

Most FSBO home sellers don’t realize at first all the people they have to deal with. You have the buyer, the buyer’s agent, the buyer’s attorney, home inspectors, and appraisers. That can be overwhelming if you don’t have experience in selling a home.

FSBOs Have Become More Difficult

There’s far more paperwork involved in buying and selling a home than there used to be. That’s why the percentage of people selling by FSBO has dropped from 19% to 8% over the last 20 or so years.

So before you take on the challenge of selling your home by yourself, give us a call and let us help you decide if an experienced Albuquerque real estate agent can help you sell your home.

HOT PROPERTY OF THE WEEK!

4 Cinco Circle, Placitas, NM 87043 $399,000