Welcome to our Prosperty Research, where we delve into the world of real estate listings across online portals. If you’ve been wondering, “Why do agent listings outperform owner listings on online portals?” you’re at the right place. We’ll uncover the reasons behind the surprising 88% gap in sold properties between the two types of listings.
Understanding the Gap
When selling a property, owners often believe they can manage the process independently. This route might seem appealing due to potentially lower costs. However, the stark reality is that 88% of properties listed by owners remain unsold even after 120 days on online portals, highlighting a significant gap in successful outcomes.
So, why do agent listings outperform owner listings? Here are the top reasons.
Real estate agents are experts in their field, offering a professional approach that’s typically more effective than an owner’s DIY strategy. Their extensive knowledge of market conditions, pricing strategies, and negotiation tactics are invaluable assets that often lead to successful sales.
Quality of Listings
The quality of a listing can make a huge difference. Agents have the skills to stage a property, take high-quality photos, and write compelling descriptions. These factors draw more potential buyers, leading to quicker and often more profitable sales.
Extensive Network and Marketing
Agents have a wide network of potential buyers and realtors to tap into. They also have access to multiple listing services, ensuring your property reaches a larger audience. Furthermore, they use effective marketing strategies that an individual owner might not have at their disposal.
Time and Dedication
Agents dedicate their time and resources to selling your property. Managing property listings can be time-consuming and challenging for owners, especially if they have other responsibilities. Agents take on this burden, offering a more efficient and focused selling process.
Navigating Legalities and Paperwork
The process of selling a property involves complex paperwork and legal procedures. A minor mistake can lead to serious consequences. Real estate agents are well-versed in these aspects, making the transaction smoother and safer.
Closing the 88% Gap
By opting for an agent listing, you stand a higher chance of not just selling your property, but securing a profitable deal. With professional expertise, better listings, an extensive network, and the ability to handle legal procedures, it’s clear why agent listings outperform owner listings.
Ready to close the 88% gap in sold properties? Choose a professional real estate agent for your next property listing. Success is just a call away!