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Bahamas | 36 Posts
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June
20

Eco-Friendly Features - Buying in The Bahamas - Morley

Living in an island paradise gives you an even clearer view of all the ways we humans can influence our environment. The Bahamas is highly active in environmental conservation so that everyone can enjoy the islands' beauty for years to come—and so are our agents.

Nassau and Paradise Island homes for sale often incorporate environmentally friendly features, most noticeable in newer construction. The Bahamas government encourages builders to consider environmental impact and will often provide incentives to homeowners for doing the same.

Click Here to Read More...

December
13

Short Term Rental Investments in the Bahamas

Want to know more about living in The Bahamas? Our agents are here to help.

In a previous post, we discussed how you can take advantage of unique government programs to relocate to The Bahamas. People from the United States and all over the world have already leveraged these welcoming laws to make their long-term – or permanent – move.

There's no secret about the many reasons to move to a tropical paradise like The Bahamas. Beautiful beaches and mild weather are only the beginning. The cost of living is attractive, and tax obligations are straightforward, especially compared to the United States.

Whether living on the islands or not, many homebuyers decide to rent their properties to help them with the carrying costs of ownership. The Bahamas benefits from a robust short-term vacation rental market. You'll find many different options sure to be suitable for your needs.

With the right real estate agent on your side, the process is easy and convenient.

Where to Look for Short-Term Rentals in The Bahamas

Nassau and Paradise Island homes for sale are always in demand, but some property owners prefer to cater to international clientele desiring a short-term stay. Enthusiastic new visitors arrive every day – thanks to year-round warm weather, September has become the peak of the season.

Some of the best places to look for Bahamas short-term vacation rentals include:

  • Paradise Island
    Paradise Island has the distinction of being the #1 tourist destination in a country already known for its splendid hospitality. A purchase here means you'll be right at the center of dining, nightlife, and watersports. Convenience to amenities enables a higher rent than might otherwise be possible.

  • Grand Bahama
    The Grand Bahama is just 55 miles from Florida's coastline, making it a common debarkation point for tourists from the Sunshine State. While it also has a wide range of amenities, it is relatively slow-paced and quiet compared to Paradise Island. The main city, Freeport, includes an international airport.

  • Eleuthera
    Eleuthera is known for its beautiful pink sand beaches and is full of natural wonders such Queens Bath, a collection of natural pools created by crashing, incoming waves. Nearby Harbour Island homes for sale are close to a charming downtown featuring distinctive architecture and authentic cuisine that vacationers will love.

  • The Abacos
    This 120-mile long chain of islands offers all sorts of unexpected benefits and surprises. Each island is truly a community and experience unto itself. The most populous island is Great Abacos, but the entire chain is home to less than 20,000 people. It works best as a personal getaway location, and these Abaco homes for sale would fit the bill.

Buying Your Vacation Rental Property in The Bahamas

The Bahamas has no restriction on foreign real property purchases, and some 80% of all buyers come from the United States. Generally, transactions are approved quickly and without issue, if the parcel is less than 5 acres.

Property acquisition costs can be significant. They include a transfer tax when property changes hands and legal fees pertaining to the transaction. The buyer's share of soft costs usually amounts to about 7.5% of the purchase price. This does not count the real estate agent's fee.

Bahamas residents don't pay taxes on income, inheritance, gifts, or capital gains. The principal form of tax revenue is Value Added Tax (VAT). That said, annual property taxes are assessed based on assessed value, just as in the United States. 

Contact us to discover more about real estate in The Bahamas.

October
12

The Bahamas is known for its tropical lifestyle, sunny beaches and unique culture. It is time to include "amazing properties" on that list as well. The Bahamas has a variety of properties that you can call your own. There are family homes, vacation homes, luxury properties, and even private islands that are available right now. The real estate market is truly booming down here, and it is critical that you act soon if you are seeking a move to the lush paradise of the the Bahamas. 

Those searching for real estate in the Bahamas will need a little help to do so. A reliable real estate agent is a good asset to have if you are looking to make your Bahamas move fast and successful. It is important to have an organized, trustworthy real estate agent that will get you to right place at the right price. Check out the list below to find out how to separate a legitimate real estate agent and agency from the rest. 

1. Conduct interviews with potential agents

It is a good idea to talk with at least a couple real estate agents before making a decision. Each person and property is different, and the interview process can help narrow down which agent is perfect for you. You should evaluate the proposals that each agent has and determine which fits your lifestyle the best.

The interview process is beneficial because it gives you an idea of how communicative the agent is. It is important to notice what methods your agent uses to contact you, and how frequently they do so. You could also get a feel for their hours of availability during this interview. All of these factors play a role in how much you can trust your agent.

2. Find an agent with experience in the Bahamas

If you are looking for a move to the Bahamas, it is best that you have assistance from somebody that has sold homes there for a period of time. They should have a gauge on the Bahamian real estate processes and know where to find the best properties in town. Experienced agents will understand the trends of the market that unseasoned agents may overlook. 

3. Ask for references

Real estate agents in the Bahamas have been very active recently. You should ask about the properties they have sold in the past year and how you can reach out to them. The houses they have listed in the past and the satisfaction level of past clients will showcase how effective and trustworthy they are as a real estate agent. 

4. Check their status with the Bahamas Real Estate Association

A trustworthy real estate agent stationed in the Bahamas should be licensed by the Bahamas Real Estate Association. Only licensed agents are allowed to practice real estate in the Bahamas. If you discover that a potential Bahamian real estate agent you have been considering is not licensed you should immediately move on. The Bahamas Real Estate Association gives licenses out to agents that have passed rigorous Bahamian real estate courses.

5. Trust your decision

Once you have made a decision, it is time to trust that you have hired a reliable, punctual, and intelligent agent. You will know if you have chemistry with your agent. You will also know how qualified and successful they are in their duties. You should also feel comfortable with your agent. There will be many conversations with this person and it is paramount that they are both approachable and knowledgeable. 

Morley Realty employs only the most experienced and knowledgeable real estate agents in the Bahamas. They have served satisfied residents for three generations and understand how Bahamas real estate works. Come experience the Morley difference. 

September
14

For some, island life may seem too far out of reach and is more of a lofty goal that has to wait until retirement, or at least the kids are shipped off to college. However, in reality, living on an island with kids is totally doable! 

Thanks to high-speed internet, homeschooling capabilities, and the digital nomad nature of many adapting industries, living in the Bahamas and raising a family can be a reality in your life if you want it to be. 

Raising a family doesn't have to be the cookie-cutter picture that many societies paint as the norm. We can all step out of our comfort zones and challenge ourselves to do things differently as we raise our children. It makes us better parents and helps us raise well-rounded children who are accepting of people from all walks of life.

There are many benefits children will gain while growing up in the Bahamas, and we've listed just a few of them here. 

Unmatched Culture and Experiences

Living in the Bahamas will be a cultural education in itself for children. From locals who have grown up here, residents who have seen the islands change through the decades, and ex-pats who sold it all to start over here and build a life — there are truly people from all corners of the globe, all with a story to tell. 

The islands are rich in historic culture, incredible foods, activities, and experiences that will shape your children and teach them about the world. 

Time Outdoors

Many people relocate to the islands for the change of pace, casual lifestyle, and to readjust the time they spend indoors to a nature-filled daily routine. Families will get all of this in the Bahamas. 

Many schools on the islands spend various classes outdoors studying marine life, the ocean, and weather patterns. 

With a weather forecast rarely dipping below the 60s or above the high 90s, spending time outdoors is possible nearly all year long. You can exercise, share meals, study, and work while enjoying stunning views, interacting with nature, and discovering what island life is all about. 

Schooling Options

When considering a move to the Bahamas, whether you have children or plan to start a family, research the school systems and learn what is offered in the area you are considering. 

The Bahamas offer many elite private schools on the islands. These schools are primarily located in New Providence and most are K through 12. If this is the route you want to take for your children, you have that option. 

You can also look into homeschooling, which many families find fits better into their routines and schedule. Some families find that balancing work, deadlines, homework, meals, chores, all while getting kids to school in the morning can be difficult, so some parents opt to home-school their children so they can have a more hands-on approach and be actively involved in their child's education. 

There is so much to learn and discover together on the islands, so this can be a beneficial decision for you as much as for your child.

If you are looking into real estate in the Bahamas and need a helping hand, don't hesitate to contact us at Morley Realty. Our team of experts can assist you with finding the perfect place to put down roots with your family. 

It can be overwhelming to shop for homes for sale in the Bahamas, so trusting one of our local agents who know the market will help you get the home that suits your family's needs and will keep you happy for years to come. 

September
7

Senior couple at the beach

For those on the verge of retirement who are looking to settle down internationally, the Bahamas is a wonderful option. The islands boast white sandy beaches, sparkling blue water, welcoming residents, and enough outdoor activities to keep you entertained long-term.

Moving to the Bahamas can be quite an undertaking because there are a lot of moving parts to consider. Moving here is not just downsizing and moving to a smaller home or relocating to another city; an international move requires extensive planning, financial security, and help along the way.

But once you're here, all that planning is well worth it! You've worked hard your entire life and now is the time to kick up your feet, relax on the beach, and have a cocktail with your partner and loved ones. Here are five reasons why the Bahamas is ideal for retirement. 

1. Real estate investments

Real estate in the Bahamas is competitive in price: properties currently for sale on the islands are listed from anywhere in the range of $200,000 and upwards of $5,000,000. 

Depending on your financial situation, investing in a home in the Bahamas means you can gain residency here. Ex-pats can obtain an annual residency permit for $100 that must be renewed every year if they've purchased property valued at over $250,000. 

In order to obtain a Permanent Residency, international buyers must purchase a property valued at $750,000 before they can apply.

Just buying property in the Bahamas means you are on your way to becoming a resident and putting down roots in your new home. 

2. Accessibility & Travel 

It's very easy and efficient to travel from the Bahamas to the United States and onward. With international airports in New Providence, Grand Bahama, and Abaco, you can get almost anywhere you need to go stress-free. These airports offer direct flights to the US, Canada, and Europe. If you retire here but have family and friends in the US or other countries, traveling by plane to visit them will be a breeze. 

3. Outdoor Activity Haven 

The wide range of activities offered in the Bahamas often surprise ex-pats who retire here. You can enjoy water activities such as sailing, swimming, diving, snorkeling, fishing, kayaking, windsurfing, and kite surging. 

On land, residents love to participate in tennis, golf, bicycling, and birdwatching. Whether you love the land or sea (or both!), there is truly something for everyone here; living in the Bahamas means you will never be bored, and you will discover some new hobbies that you love! 

4. Tax Paradise

Retirees will be thrilled with the tax benefits they receive as residents of the Bahamas. These breaks include no income tax, capital gains tax, wealth tax, inheritance tax, sales tax, and corporate tax. 

While properties for sale in the Bahamas may seem pricier than in the United States, the balance you gain from tax breaks is well worth it. 

5. Full Health Insurance 

Regardless of where you live in the world, knowing your coverage when it comes to health care insurance is essential. We can't plan for everything; accidents do happen and issues come up when we don't expect them to.

There are private health care options available as well, and we recommend doing your research and making a plan before arriving on the island so you know what your coverage and options are. 

If you are thinking about the Bahamas as a potential location to put down roots and enjoy your retirement, contact the experts at Morley Realty. Our agents have decades of experience with buying and selling property in the Bahamas, and we can make your international move a smooth and enjoyable one. 

August
24

It happens whenever you relocate somewhere you aren't entirely familiar with— the feelings of stress, fear, and panic, along with the "What are we thinking?!" moments. We're here to help avoid these scenarios, so we put together a list of the different and best (in our humble opinion!) areas to buy property in the Bahamas. 

It's also important to determine what you are looking for when you begin house hunting. What are your hobbies? What do you need in terms of amenities within your home? Are you moving with your family, or a spouse, or solo? Do you prefer city life, or are you looking for something more laid back and casual? 

Knowing the answers to these questions can help your agent determine which island is best for your needs and lifestyle. 

New Providence / City of Nassau 

New Providence is where 70% of the population lives, and where the country's capital, Nassau, is located.

If you're looking for a place where you can settle and also be in the middle of all the excitement that city life provides, Nassau is probably a great fit for you. From the city center to the glitzy nightlife, restaurants, and bars, Nassau offers the hustle and bustle of a busy city with lots of activity. 

Because it's downtown center is a cruise port, most residents live on the outskirts of the urban center. There are some gorgeous home options in Western New Providence, and the Eastern coastal areas of New Providence which are worth exploring if you're looking to be out of the city center.

Because so many locals and ex-pats work and live here, you will find modernized buildings and infrastructure, great healthcare options, and premiere schooling options for children.

Nassau is a popular place to work and live.

Out Islands or Family Islands

Not part of New Providence or Grand Bahama, Out Islands include  Abaco , Exuma, and Eleuthera.

Making up about 80% of the country's landmass, Out Islands or Family Islands are  touted by locals as the place to get the 'true Bahamas experience.' Because so much of the Bahamas landmass is here, it's a great place for families to purchase property and settle down. There's plenty of room for kids to explore, families to grow, all with less tourist activity than on other islands. 

Housing options vary between the three islands mentioned above, but most consist of beach houses, cottages, and even gated communities. If you are moving to the Bahamas with your family, or plan on starting one when you get here, Out Islands could be a great fit for your loved ones.

Grand Bahama Island

Mostly known for its outdoor sports and other activities, Grand Bahama Island  is the perfect fit for someone who wants some of the city life experience, while also having the luxury of enjoying a less populated area. 

This island is located the closest to Miami, FL. If you are looking for quick travel back and forth to the United States, this island may be your best bet.

Freeport is located on Grand Bahama Island and offers a unique environment to settle. It has both private island homes and gorgeous urban apartments. For those wanting some city bustle and some relaxed beach life, Freeport will successfully give you both. 

When it comes to real estate shopping, even doing so in your hometown can be stressful. It's another added layer of stress to be looking somewhere you've never lived before. 

Our team of agents are experts in not only finding beautiful Bahama houses for sale but aligning the homes we find with your wants and needs. Contact us today and we'll be happy to help you close the Bahama property sale you've only dreamt about. It's out there, and we will help you find it!

August
17

For international home buyers who are in the market for a piece of real estate in the Bahamas, there is a lot to consider before taking the plunge. If you're relocating for work, you'll have to ensure it's an affordable option for you and your family. We've broken down some of the major costs you will face upon moving here, and some other expenses that you'll encounter in your daily life.

Home Prices

Home prices in the Bahamas can vary drastically, depending on your individual or family needs. This includes square feet, number of bedrooms, location, amenities, and more. To give you perspective, we have homes listed for less than $200,000 and upwards of $5,000,000 on our site. 

The islands are a melting pot of culture and people from all walks of life, and the real estate in the Bahamas reflects that. There truly is something for everyone; whether you want to rent a condo on the beach or purchase an island of your own — the option is yours! 

Apartments  in the Bahamas 

On average, the monthly rent for a 900 square foot apartment or condominium in the Bahamas is $1697, but it could be higher depending on the location. 

Apartments typically come furnished, which most ex-pats find to be very convenient as it alleviates the headache of coordinating shipping furniture and other belongings ahead of a move.

Cost Of Living in the Bahamas

Utilities

Electricity and other standard utilities average around 80% higher here than in the United States. For example, one month of utilities (electricity, water ) for two people in a 900 square foot apartment is around $355.  Costs go higher when you include  cable/internet, or you are using your air conditioning 24/7. 

Tax Breaks & Advantages

The tax breaks and advantages in the Bahamas can rectify the cost of living. There is no income tax, capital gains tax, or corporate taxes. 

Fees to Buy Property

There are a few fees involved in purchasing a property here, which are all important to know  when shopping for real estate in the Bahamas. 

  • Transfer Tax (VAT) – 2.5% of the property value, for a property valued at $100,000 or less. 10% of the property value, for a property valued at more than $100,000. 
  • Legal Fees - Each party pays its respective legal fee and 12% VAT thereon. Typically, the legal fee for a party is 2.5% of the purchase price.
  • Real Estate Commission – Brokerages charge 6% of the purchase price for developed land and 10% of the purchase price for undeveloped land. 

For more information on these fees and how they work when purchasing a home, visit our FAQ page.

Cost for Residency

Ex-pats can obtain an annual residency permit for $100 that must be renewed every year if they've purchased property valued at over $250,000. In order to obtain Permanent Residency, international buyers must purchase a property valued at $750,000, and then they can apply.

Transportation

If you have a car at your current location, you can ship it to the Bahamas so it arrives once you're here. You can also buy a used one on the island, or have one imported (but you will pay duty on it). 

Public transportation includes buses (or jitneys) and taxis. Many locals ride bikes. 

Food

Food costs in the Bahamas are comparable to in the United States. A few common items include:

  • A gallon of whole milk is $3.93
  • A dozen eggs are $3
  • 1 pound of chicken breast is $6
  • A hamburger meal in a fast-food setting is $12

While the cost of living may be generally higher, the real estate in the Bahamas is truly one of a kind. There aren't many places in the world that offer everything that our islands do. Bahamas real estate is a worthy investment to make, especially if your future goals include living here or vacationing here. We'd love to have you, regardless!

August
10

Calling all Bahamas homeowners! Whether you're thinking about selling your current home, or have plans down the line, this is a guide to help you throughout the selling process. Bahamas real estate can be a roller coaster, just like in any other country, and we find that the more informed our clients are, the more confident and optimistic they feel when it's time to sell.

Being well versed in the current market and real estate in the Bahamas, we want nothing more than for sellers to feel well-equipped for the process of selling their homes here. Listing a home and going through the entire process in any country can be stressful and overwhelming, and we hope this post will help to ease any stress you have about selling your home in the Bahamas

Select a Qualified Agent

The most important step you'll take in selling your home is selecting an agent. You'll need an agent with extensive market knowledge and practical experience, a network of connections and referrals, and up-to-date knowledge on pricing. 

Without the valuable insight and knowledge you gain from having a seasoned agent representing you, your home could sit on the market for an extended period of time, or you could get offers much less than you're hoping for.

Agents offer a lot of value to sellers — They leverage an extended network of agents, colleagues, and residents to make sure their clients' property gets as many views and as much foot traffic as possible. They will also launch marketing campaigns for your home — including a digital listing, social media promotions, print ads, and more. All of these will factor in to ensure your home gets the proper exposure to find interested buyers. 

It's simply not worth the risk to embark on the journey of selling in the Bahamas without an experienced, knowledgeable license BREA agent in your corner. Trust the experts, you won't regret it! 

Get Your Property Buyer-Ready

Knowing firsthand what features and amenities make your property desirable is the first step in making a successful sale in the Bahamas. These can include any updates you've made to the property that enhance the value, so be sure to mention these to your agent so they can make sure they're included on the listing. Living in the Bahamas is something buyers already know they want if they're shopping for a home, so make sure yours stands out! 

It's also of vital importance that your home and surrounding property are looking their absolute best — from landscaping, fresh paint, a deep clean (inside and out) and staging are all ways to get your home to shine when listed online, and more importantly, when buyers come to see for themselves. 

Manage Your Expectations

While your agent plays a role in this as well, it's important to be aware of the current market and how homes similar to yours are selling. Do your due diligence and research the current climate so you know how it may affect your sale.

Your real estate agent should provide you with a comparative market analysis, which will help when determining an appropriate price for your property, and give you detailed insight into what homes similar to yours are selling for. 

As the islands continue to attract international buyers and investors to its idyllic shores, the demand for real estate in the Bahamas skyrockets. The search for a laidback lifestyle is in high demand for many people around the world. If you own a home in the Bahamas and are interested in selling, now is an ideal time to do so. 

If you have questions or need advice on how to go about making your home buyer-ready, please reach out to us! Our multi-generations of experience and market knowledge can assist you with preparing your home, finding the right buyer, and closing at a price you're happy with.

August
3

If you're thinking about making an international move and the Bahamas is on your list, we highly encourage you to seriously consider this tropical paradise for your future home. From warm beaches to the gorgeous water and picturesque resorts, to the occasional celebrity sighting… the Bahamas has something for everyone. 

With that said, if you are looking at properties for sale in the Bahamas, we highly recommend carefully researching an agent  to help you with your search. Real estate in the Bahamas can be tricky, and you need someone in your corner who knows the lay of the land and can help you find the perfect abode for you and your family. 

While moving here may seem like the easiest decision you'll ever make, we put together a list of positive and practical reasons why relocating here is worth the money.

1. It's a smart investment to buy in the Bahamas 

The Bahamas Government maintains an investor-friendly outlook on real estate and welcomes international investors to buy property in the Bahamas in order to stimulate tourism and boost the local economy.

Because of this, Bahamas real estate is a smart place to invest. The opportunities here are plentiful — Whether you want to relocate and purchase a long-term home, buy an investment property and treat it as a vacation home, or create an AirBNB property; these investment options aren't as readily possible for many families living in other countries. 

2. The Bahamas are just a quick flight away from the "real world"

Maybe you (or your spouse) travel for work, and you need to be able to get back to the US easily. Maybe you have family or other responsibilities in the states, but still want to enjoy all that the Bahamas has to offer. The good news is that traveling from the Bahamas is quick and easy; we're located just off the coast of Florida.

3. There are major tax advantages to living in the Bahamas

If you're looking for a country where you can get impressive tax breaks, the Bahamas is a great option. There is virtually no income tax here. There are no taxes on capital gains, individual income, personal inheritances, or dividends. 

Property taxes for owner-occupied residences are as follows:

  • On the part of the market value that does not exceed $250,000 — Exempt
  • On the part of the market value that exceeds $250,000 and does not exceed $500,000 — 0.625%
  • On the part of the market value that exceeds $500,000 and does not exceed $5,000,000 —1%
  • On the part of the market value that exceeds $5,000,000 —½% ($60,000 annually cap)

Tax breaks can be a huge advantage for families, business owners, and investors. The tax advantages listed above are worth considering when you make your move!

4. The Bahamas are very family-friendly 

If you're looking for a spot to put down roots for your family, and instill important values in your children like culture, curiosity, and the beauty of the great outdoors— look no further! The Bahamas has it all, from sandy beaches with plenty of water sports and activities, premiere private schools, and an ex-pat and local community that will make you feel right at home. 

5. The lifestyle is much more relaxed 

If your life is high-stress, chaotic, or you don't feel like you get to spend enough time with your family, a move to the Bahamas could change all of that. Local residents and ex-pats alike have adopted the laidback lifestyle, which can be a healthy, positive change for many people. If this is the reason you are considering relocating, you'll find exactly what you're looking for here.

If you are looking at homes for sale in the Bahamas, we understand it can be overwhelming to know where to begin. If you need guidance or advice on navigating the home buying process in the Bahamas, don't hesitate to reach out to us. We'd be more than happy to help you find the perfect home for you and your family. 

August
5

One of the first choices people looking to purchase real estate are faced with is whether to invest in a townhouse or single-family property. So how do you arrive at the right decision? We've compiled a few ideas for you to consider when making the all-important decision.

You must first understand the difference between the two.

A single-family home is a detached or stand-alone home that does not share any common areas or walls with another property. Typically, this term refers to a single property. In some instances, the property may be located within a development that has a HOA (homeowners' association) that manages some or all of the community's common areas, however, a single-family home is always a stand-alone property. Investing in a single-family home will have some definite advantages. First and foremost, the buyer makes all the decisions concerning any upgrades, repairs, maintenance and remodeling. While a HOA can place restrictions on a townhouse owner and limit your tenant pool, as an owner of a single-family home you have the freedom and flexibility to screen and select potential tenants.

 

An example of a multi-family property is a townhouse development, as there are multiple "homes" on the property. You must be sure to consider the ramifications of owning a "home" that is not detached but is part of a group of development of other "homes". While you may be able to landscape around your townhouse, the property management and upkeep of the property is undertaken by the HOA. One of the main upsides of buying a townhouse is financial, in that the maintenance and upkeep costs are shared across all the townhouses and therefore are typically lower than a single-family property. Townhouses are also typically smaller in size, and the tenant pool is usually larger as they are looking to rent small to moderately sized units. 

With any investment, you want long-term profitability through appreciation in value. A property's appreciation is the value added to the investment over time through a combination of your property improvements and with any luck, benefits from market changes. 

When purchasing a property, it is vital to first consider several key factors. You need to satisfy your highest needs. Location, of course, matters a great deal. As the investor, you need to be aware of the state of the housing market and decide which kind of property will best suit your family's needs. Only a trusted professional can provide you this insight. Our team here at Morley is always ready and happy to assist.

June
30

When you're selling your home it can be tempting to try and go it alone. Maybe you don't want to work with a real estate agent to try and save some money, or you just think it won't make much of a difference. Although there are people who decide to go it alone with some degree of success, there is much to consider to guarantee the very best outcome for you and your family. The truth is there's a lot that goes into selling a house you may not have considered. Depending on your level of experience with buying and selling homes you may not know even the basics of how things work. Agents do more than just bring in potential buyers and show up to have documents signed. They know all the ins and outs of both buying and selling a house.

If you're trying to sell your home you really do need to consider all your options to make your sale a success and that includes using a real estate agent. The reasons you need an agent to sell your home are the same no matter where you are. Having a good agent to sell your home is invaluable. Here are some important things you should take into consideration when deciding whether to get a real estate agent to sell your home.

Real Estate Agents Have More Experience

Unless you're selling houses every day along with your normal day job, you won't have as much experience as an agent. Experience can make a huge difference in getting your house sold quickly or having to drop the price because it has remained on the market for an extended period. Real estate agents are trained to know how to navigate the market.

They've prepared for this, taken and passed exams, they have done this before. This experience is valuable and worth the costs involved. Your end goal is the sale of your house sold and in a timely manner, and not lose money in the process. The agent's goal is the same as yours, they just know how to do it faster and better. They are equipped with information on all aspects of the sale from regulatory law to the best place to look for buyers.

Real Estate Agents are Professional Negotiators

Selling your house can be emotional. It's somewhere you've lived your day-to-day life as a family or maybe even grown into as a family. If you've put a lot of work into it, you can have an extra attachment because you know the amount of sweat equity involved in that work.

An agent is removed from all of that. Their main goal is to get your house sold and, if negotiations are involved, without the emotional ties that can prevent the making of a good deal. They aren't going to make a deal without your approval but are better able to guide and advise objectively.

Real Estate Agents Understand Contracts

Closing paperwork can be complicated. A buyer may have an agent with them during the closing, but, of course, that agent is there only to look after the buyer's best interests. You will need someone on your side, too. Sometimes last-minute issues surface right as someone is about to sign on that dotted line. For someone that doesn't deal with closings often these can be dealbreaker situations. The agent will be well versed with the language and structure of contracts, disclosures, and the proper closing process, start to finish. They will know what needs to be disclosed and what to do if something comes up as paperwork is being signed.

Real Estate Agents Can Give You Pricing Advice

Much like negotiating, pricing your home can be hard to separate emotion from. You know how hard you worked to get your home ready for sale, or the work you've put in over your years of ownership. It's difficult to keep that out of your mind entirely while settling on a price to list your home. Agents can help with this, as they know the neighborhoods, they know the market, and they know comparable housing prices. All these things factor into making sure you're pricing your home effectively. This is an invaluable resource to have when trying to make a sale.

Selling your house is not as easy as you might initially think it will be. There are many reasons you'll want to have a real estate agent on your side. From negotiation to fielding interested buyers there is much to consider. Hiring an agent to assist with the sale of your home is likely to take a lot of stress off of your shoulders, and may very well be the best decision you make during the entire process.

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