The Real Estate Market in Westside Danville
There are currently several homes for sale in Westside Danville. Not all of them are on the MLS. Currently I am aware of one being sold by the owner of the home and a second which will be placed in the paper in about two weeks. The one currently on the market is being advertised via a yard sign and a small open house sign on the corner of the street. It seems to be priced well at $998,000 but does not have much of a chance because it is not getting the exposure necessary to attract buyers. For example, most of the buyers looking to move into the Westside are coming in from out of the area. Other than a Craigslist posting there are very few opportunities for buyers to see the home. Conversley, the homes currently being marketing on the MLS have the benefit of exposure to agents all over the country. Also, many agents utilize Realtor.com, Trulia, company websites, personal websites, home specific websites…. in order to draw attention to the home. Other issues regarding an owner selling a home on their own is access. It is much more convenient for a potential buyer, especially one coming in from out of town and on a short time cycle for finding a home, to be able to see the home during the week with an agent. Agents will typically shy away from homes being sold by a home owner. The reasons for this have to do more with fiduciary responsibility than anything else. For example, people selling homes without an agnet usually have other jobs and do not have the time or experience to process all of the paperwork properly, so the buyer’s agent usually must council the seller during the escrow process which puts the agent in a compromised position.
Selling your Westside Danville Real estate with an agent
In this current market, where homes are taking much longer to sell with people having more difficulty getting loans, to not use and agent puts the seller at an extreme disadvantage. Almost every buyer looking to purchase is working with a real estate agent. Real estate agents will almost always work only with other agents when transacting a real estate purchase. The main reason for this is that they are better protected legally and they are better protecting their clients. Agents understand the importance of fullk disclosure, arms length negotiating and fiduciary responsibility. All of these requirements minimize the chance of a failed transaction and undisclosued issues with homes. Also, in this market, lenders prefer working with agents because an escrow has a far greater chance of closing as opposed to two individuals working on thier own. The homes for sale in Westside Danville stand a much better chance of selling if it is properly marketed and priced and the only way to accomplish this is with a licensed agent.
