The temptation to save yourself the cost of hiring a real estate agent when selling your home can be overwhelming, and with more websites, books, and other resources popping up that claim to give you all the know-how and tools you’ll need to sell your home yourself, why should you use a REALTOR at all? Like any job that requires a lot of insider knowledge and experience, hiring a REALTOR will ensure that you are getting the best price for your house with the minimal amount of work and worry. Not convinced? Here are just a few of the best reasons why you should use a Realtor when you sell your home.
You probably won’t save as much as you think
If you have ever sold a home before, or if you have already talked with a Realtor you may have been surprised with the commission fee that the Realtor presented to you. Depending on the price of your home, this fee can be a lot of money. A couple of things to keep in mind though are that half of this fee goes to the Realtor that brings you the buyer, and the other half goes to your Realtor who is representing you and marketing your home. Since most buyers these days are using Realtors to represent them you will still need to pay the commission to the buyer’s Realtor unless you are only interested in selling to unrepresented buyers which will greatly reduce your pool of prospective buyers. So you would mostly likely only be saving half of what the commission normally is by not using a Realtor, and you would still need to spend money on marketing your home.
Real Estate Experts Are Just That
Would you represent yourself in court, or prescribe yourself medicines? Then why would you sell your greatest and most valuable asset without an expert. Selling your home requires considerable knowledge of the housing market, contract law and real estate law, among other things, and you’ll want to be sure your investment is well represented. Plus most buyers these days are using Realtors to buy their homes, so that means if you don’t have a Realtor representing you that you are left with dealing with the expert in their field who is solely looking out for their buyers best interest not yours.
REALTORS Know What Your Home Is Worth
The “for sale by owner” sign is often seen as an easy mark by some serious buyers. When selling your home you want to get the best price possible, and knowing more than your bidders is the best way to ensure that you are on the winning end of the deal. Your REALTOR knows exactly your home’s potential worth, and can help you get that price.
REALTORS Know How To Market Your Home
Getting the best price for your home and having it sell quickly requires more work than simply putting up a for sale sign on the front lawn. REALTORS know how to market your home, and have resources available to them that you as an individual seller do not. When a Realtor lists a home for sale they place your home’s listing in what is called the MLS. This database is where all Realtors go to see what is for sale in the area and forward to their clients. This is also where websites such as Zillow and Trulia get all their home sale listings from. If you sell your home on your own you can pay to be listed on Zillow and some of the other sites, but Realtor’s listings go to all the sites automatically. They can also give you the best advice on anything you may need to do to prepare your home for its highest possible resale value.
REALTORS Know The Business Of Selling A Home
REALTORS can prepare you for all the business and legal requirements of selling your home, and can make the actual work simpler and quicker. There is a lot of paperwork involved with selling a home and your REALTOR will make sure it is all filled out properly and by the deadlines in your sales contract. Plus if you have a full time job it may be hard for you to answer phone calls during the day with questions about your house and people wanting to see your home. Realtors answer these phone call for you and place a lockbox on your home so that other Realtors can get in to see your home without you having to take the time to meet them there.
Though you may think that saving the commission cost of hiring a REALTOR to be in your best interest, the fee that REALTORS earn in many cases can be covered by the higher price your house will sell for using a REALTOR. It is certainly worth it, considering the time and effort they can save you and the know-how they can contribute to the sale of your home.