When you’re selling a home, two things that you want to consider are going to be whether or not you should use a realtor, or if you should sell the property yourself. This article is going to focus on the benefits of using a real estate agent to sell your home properly. It’s essential that you look at it as an investment.
While it’s true that you are going to pay your realtor a commission for doing the work to sell your home, you’re also going to see a high return. There have been plenty of people with all the resources to sell their property, but they’ve still turned to realtors directly because it saves money in the long run. Take a look at some of the benefits of using a realtor.
Regardless of if you’re buying or selling a home, having a real estate broker is a top-notch decision. When you’re purchasing a home, the agent is going to guide you through the entire process. If you’re selling your home, the realtor is going to implement marketing strategies that are going to allow your home to sell quickly, and for top dollar.
Realtors have specialized training that enables them to know what’s coming next. That means you and your real estate agent can strategize together to save money, and call the next negotiation. In addition to that, real estate agents pay high fees, so they have access to all the data that’s needed to make educated real estate decisions. They are going to share this information with you.
Aside from expertise, emotionless negotiating is one of the top reasons that you should invest in a real estate agent. The buying and selling process is daunting, and even more so when it comes to something you have emotional ties to. During the negotiation process, it’s easy to get upset, and sometimes also offended. Your realtor is there to act as your rock, and create a scenario that allows both the buyer and the seller to win.
There are always problems, whether big or small, in real estate transactions. When you allow a realtor to do your negotiations for you, you’re ensuring that everything gets done correctly, and eliminating the chances of ending up in court.
For Sale by Owner
Before the internet, it was much easier to sell your home without the assistance of a real estate agent because it wasn’t convenient for buyers. However, with today’s technology, it’s never been easier to shop for homes. Within a matter of minutes, prospective homeowners can pull up every house for sale in their area, which gives them plenty of options to choose from.
Statistics show that 90% of homes put up for sale by the owners fail. If you don’t have a real estate agent, your house isn’t getting listed on the MLS, and it’s not getting advertised to possible home buyers who are looking for listings on the internet.
Working with a professional when selling your home is worth more than the few thousand dollars you’re going to save by selling it yourself. With the way statistics are, you only have a ten percent chance of selling your home, you’re going to net less, spend personal money on marketing, and not reach the amount of people that you’d like.
Unless you’re a realtor yourself, there’s a high chance that you’re not consistently surrounded by the different scenarios of real estate transactions. The realtor that you’re going to hire is going to make sure that you understand the process.
Once you’ve hired on a real estate agent that you trust, they’re going to let you know what happens next, what they’re going to do, and what you can do to make your home more desirable, and possibly increase the value. For example, if your realtor feels like you should make some home improvements to increase the value, they are going to let you know. By listening to your agent, and considering their advice, the process can be much more comfortable.
When you’re buying or selling a home, you have hundreds of thousands of dollars that’s at stake, so making a mistake is out of the question. By using a realtor, you are lowering your chances of making mistakes that could cost you a lot of money. Real estate agents have strict guidelines and check-in protocols that they follow to eliminate the chances of errors. When they’re involved, it’s their reputation that’s on the line, too. The firm that the agent works for is going to demand that the paperwork gets fixed if there is any discrepancy. That is going to protect your transaction.
Ultimately, deciding to sell your home without the assistance of a real estate agent is a huge risk that could end up costing you a lot of money. You’re risking losing out on additional money from the sale, and you’re risking putting yourself in court. When you sell as an owner, it’s impossible that you’re going to know what trained specialists know, and attorneys miss out on proper paperwork all the time. People turn to realtors because of the resources that they provide. Use the reasons above to help guide you towards an informed decision.
Have you ever used a real estate agent? What was your experience like? If you sold your home, would you enlist the help of a realtor or sell it as the owner? Start a conversation below.