Why Home Buyers Trust Matters To Home Sellers

Selling your home can be a challenging and stressful process, especially in today’s competitive and dynamic real estate market. You have to deal with multiple steps, such as listing, marketing, negotiating, inspecting, appraising, financing, closing, and more. You also have to coordinate and communicate with various parties, such as buyers, agents, brokers, lenders, lawyers, inspectors, appraisers, and title companies.

One of the key factors that can affect the outcome and satisfaction of your home sale is the trust level between you and your potential buyers. Trust is essential for a successful and smooth home sale, as it can influence your reputation, credibility, and profitability. However, not all buyers may trust you or the process, and you may encounter issues such as:

* Buyers being suspicious of competing offers, and believing that some agents or sellers fabricate or exaggerate them to drive up the price.

* Buyers being reluctant to make an offer, or making a lowball offer, due to lack of information or confidence in the property or the seller.

* Buyers backing out of the contract, or asking for unreasonable concessions, due to inspection or appraisal issues, or financing problems.

* Buyers disputing or suing the seller, due to misrepresentation or omission of the facts and features of the property, or breach of the terms and conditions of the sale.

These issues can cause frustration, anxiety, and dissatisfaction for you and your potential buyers, and may result in a failed or delayed transaction, a lower sale price, or a legal problem.

That’s why you need to increase buyer trust in the home selling process, by using technology, communication, and data. In this article, we will show you how increasing buyer trust can benefit you in the home selling process, by:

* Opening a wider pool of potential buyers, who are interested and qualified to purchase your property
Increasing the chances of completing the sale, by reducing the risk of losing a buyer or facing inspection, appraisal, or financing issues.

* Avoiding disputes and legal issues, by ensuring that all parties are treated fairly and transparently, and that all transactions are recorded and documented.

Sellers should concern themselves with the buyers having trust in the process because trust can affect the outcome and satisfaction of the home sale. Here are some reasons why the Beagel Homebuyers Survey Results are important to sellers:

* 97% of homebuyers want to know a home’s offer history before making their offer. This means that buyers value transparency and honesty from the sellers, and they want to make informed and confident decisions. If sellers disclose the offer history, they can show that they are not hiding anything or manipulating the price, and they can build rapport and credibility with the buyers.

* 95% of buyers believe the offer history is important to know before even viewing a home. This means that buyers use the offer history as a criterion to filter and select the properties they are interested in. If sellers disclose the offer history, they can attract more qualified and motivated buyers, and increase the chances of receiving a good offer.

* Nearly 77% of those surveyed said they would have greater faith in the homebuying process if they were notified in real time when offers were put in on a home. This means that buyers appreciate timely and accurate information and feedback from the sellers, and they want to avoid any delays or uncertainties. If sellers notify the buyers in real time when offers are put in, they can create a sense of urgency and competition, and encourage the buyers to act fast and bid high.

Selling your home can be a challenging and stressful process, especially in today’s competitive and dynamic real estate market. One of the key factors that can affect the outcome and satisfaction of your home sale is the trust level between you and your potential buyers. Trust is essential for a successful and smooth home sale, as it can influence your reputation, credibility, and profitability. 

If you want to use technology to streamline and simplify the home selling process, and to increase transparency and trust in the process, your agent can use Beagel.io, a digital offer system for real estate transactions. Beagel.io allows you and your agents to see and manage all the offers and transactions in one place.  It allows buyers & their agents to create and submit digital offers and contracts online, and provides data and insights to help them optimize their home selling process.

To learn more about Beagel.io and how it can help sellers, please contact us today. Beagel.io is ready to transform your home selling process and take your agents business to the next level.