Should you hire a real estate agent?
People have their own personal reasons on why they do not trust real estate agents,and why they usually try to do the job themselves. They try posting a listing,looking for a buyer/seller and trying to get the paperwork done, but in the end, the same thing always happens – the person is lost in between documents and meetings, running around, trying to keep the whole thing together. Before doubting real estate agents and their abilities, do your research and evaluate the situation.
Do you really need a listing to sell your home?
As the owner and the seller, you need to find a buyer. If the market is super-hot,then you don’t even need to stick a sign out on the front lawn, just the fact that you are selling will reach the right people in a moment’s notice, and you will be bombarded with early deposits.
After the fun and excitement, the work part begins, you may think that you found your buyer, and that everything is settled now, but do you know how to extract the money from the buyer? Do you know how to accomplish a home inspection? Are you going to close the deal by yourself?If you can, that’s perfect.
But if it’s a buyers’ market, then you will need the help of a real estate agent. Statistics say that 80% of buyers purchase properties through real estate agents. If you decide to do it yourself, you might be losing exposure to the right people and big parts of the market. Also, according to the National Association of Realtors, by hiring a real estate agent,you can earn up to 22% more, of course it all depends on the situation itself,and the current state of the real estate market.
Listing Agents Bring Added-Value to a Transaction
You probably don’t have the time to go from one open house to another checking interiors and exteriors, trying to find out why some houses are sold for more than others. Experienced real estate agents have this knowledge, it is their job to know this stuff, that’s why they are going to sell your property at the highest possible rate.
Here are a couple of services that listing agents offer:
- Private showings
- Marketing materials and wide internet exposure
- Inspector, contractor referrals
- Professional photography
- Negotiation expertise with multiple offers
- Guidance how to pass home inspection without investing into renovation
There is another type of listing agent that work for the other side- the buyer. Here are services that buyer’s agent offers:
- Full property documents like neighborhood information, sales or home history.
- Negotiating with the seller’s agent
- Preparing strong offers based on the market demands.
- Suggesting the best pricing strategy
- Obtaining sales data, calculating and preparing reports based on trends in the properties’ area
If you feel confident and have free time to do everything on your own, go ahead and do it! But you might wonder if you accepted a low price or paid too much.