Why Listing Your Home With A Real Estate Agent Gets Better Results Than Selling Your Home On Your Own
It may be tempting to try and sell your home without the assistance of a real estate agent when you want to get out of paying a commission. However, you also want to consider how much value you get from the commission. Without an agent's help, your home may not sell in a timely manner or at the price you want. Here's why using a real estate agent is usually a better idea.
Buyers May Feel More Comfortable Dealing With An Agent
Some buyers, particularly first-time buyers, may feel much more comfortable buying a home with the assistance of a real estate agent. Working with an agent helps them feel safer in making such a large financial transaction. By selling your home yourself, you lose out on this group of potential buyers who pass over your home just because it is for sale by the owner.
You Get Impartial Advice
A real estate agent wants to sell your home quickly and at the best price so they earn their commission. Since they have no sentimental ties to your home, they can offer advice on things you need to do to get your home into a more appealing condition. For instance, you may have a bedroom painted purple because it was your daughter's favorite color when she was younger and you don't want to change it. However, painting the room in a neutral color could be more enticing for buyers.
You Don't Have To Pay For Ads
You need to advertise your home to let people know that it's for sale. Just putting out a sign won't bring in many people. Putting ads online and in magazines can be costly. Plus, if the ads aren't professionally produced, they may make your home look unappealing. An agent handles all the advertising for your home. You won't have to pay for professional photographs or videos. Your agent can place your home on multiple websites through the MLS system which gets your home much more exposure than you could ever generate on your own, and it doesn't cost you anything.
An Agent Protects You Through The Process
While a buyer might put more at risk in the transaction, as a seller, you need to be careful too. Unless you've had experience buying and selling real estate and you have a lawyer to oversee the transaction, then working with an agent is a good way to protect yourself during the process. There are complicated legal issues and inspection issues that come up during a real estate transaction. Plus, you'll want to know how to handle accepting bids and deposits. In addition, there is usually a lot of paperwork to deal with. A real estate agent oversees all the details and helps you avoid legal troubles when you sell your home.
Real estate agents generally work hard to earn their commissions so it isn't like you're wasting money when you work with an agent to sell your house. You'll have access to many more buyers and professional advertising. Plus, you'll be offered experienced advice on pricing your home and making it attractive to buyers so it sells quicker at a good price.