Real Estate Blog

If you are selling your property, you may think the smarter decision is to sell it on your own instead of hiring a real estate broker. After all, the broker’s commission goes into the thousands, so you’ll be saving money doing it yourself, right? Not necessarily. If you don’t know the art of negotiating, you may be doing yourself a disservice when selling oceanfront condos in the Bahamas without the help of a real estate broker. Here are a few ways a broker, like our team at Island Property Group, has your back during this transaction.

Selling A Home Is Demanding

If you have a full-time job and somebody wants to see your home while you are at work, this is a missed opportunity. It’s very likely that this will happen more than once. Then, when you are finished working for the day, you will probably be too tired to market your home. On the other hand, an agent can show your home to prospective buyers any time of the day. They know that showing a property is demanding, but they have the time – after all, this is their full-time job.

Better Contacts

You can post that your Bahama condo is for sale on Zillow or Redfin, but how effective will this be? Going this route, it will take much longer to make a sale because you don’t have the same contacts as a real estate broker. Brokers know other agents, thousands of clients, and a vast network of opportunities to help generate more prospective buyers to your home.

“For Sale By Owner” Can Hurt You

Some agents refuse to show their clients a property if it has a “for sale by owner” sign. The reason for this is they would prefer working with a professional representative. Many realtors find it difficult working with someone who isn’t professional and if the right conditions are not met, they will steer their clients away from your property even if the client wishes to see it. This may seem unfair, but it makes their job easier, and working with a professional will guarantee they receive a commission from the sale.

They Will Deal With The Paperwork

Reading contract terms and filing paperwork is one the most tedious aspects of selling a property. Unfortunately, it’s a significant part of every real estate transaction. Real estate brokers are well versed in this area and can take over all necessary legal documentation and ensure contracts are legally bound.

Knowledge Of Market Trends

Selling luxury real estate in the Bahamas is a full-time job. You may not be aware of all the intricacies involved with selling a home, like the importance of accessing reliable analytics tools and databases. This helps real estate brokers look at market trends and make decisions accordingly.

Avoid Emotional Sales

When you sell a home, it can be an emotional experience and emotions can get in the way of a good sale. You may end up selling at a price that is too low to make a deadline, improperly negotiate when the buyer comes back with a counter, or overprice your home, which can lead to it sitting on the market for months. In addition to their experience and skill, a real estate broker does not have the same emotional attachment. They can also act as a buffer, making any criticisms of the property easier for homeowners to handle.

Waste Less Time On Unqualified Buyers

When you try to sell on your own, you won’t know who a potential buyer is and who is just a curious onlooker. Whenever someone asks to see the house, you will have to make it presentable regardless of who it is, and this requires a lot of effort. A broker will help you select the qualified buyers in a group of largely unqualified prospects. Weeding out people who are there to waste your time is part of the broker’s training.

Contact Island Property Group

Let our agents help you sell your beautiful luxury home for the right price. We take the guesswork out of selling a home. We'll make sure your listing gets the best exposure and reaches the right buyer. For a qualified broker with experience selling oceanfront condos in the Bahamas, call Island Property Group at 1-800-659-6519