We’ve been saying it for months now and it’s still true: it’s a seller’s market, and there’s truly no better time to sell your home than now. Thinking of listing your home on your own? Selling your home is already a stressful enough process, no matter your reason for selling. Hiring a real estate agent to sell your home for you and to work solely FOR YOU, will provide you with invaluable benefits that we’re going to be discussing today.
1. A Guaranteed Expert Guide
Hiring a professional realtor is similar to hiring a licensed electrician or contractor. You want to hire an expert who can do what you cannot. A licensed realtor is familiar with the ins and outs of the entire transaction process, including, the language used, forms, reports, disclosures, documents, and laws, as well as easy access to your local MLS (multiple listing service), and up-to-date local market knowledge. All of these things vary depending on where you live, and regulations are often changing, so it’s a good idea to have a local professional on your side to protect you from a mistake you can’t afford.
2. We are bound by law to act in your best interests
If you hire an agent who is a member of the National Association of REALTORS®, your agent is required to adhere to the REALTOR® Code of Ethics, which means they are committed to serving and protecting you during the transaction process.
3. We have a network advantage
Your agent will most likely have expansive relationships with clients, other agents, business partners, etc., which will increase your pool of potential buyers. Most real estate agents also have an established network of trustworthy, professional loan officers, inspectors, stagers, attorneys, etc. that they can refer to you. These are services everyone needs, and being able to rely on someone you are confident you can trust is of the utmost importance.
4. You will be provided with fair-minded information
Pricing Your Home
A good realtor is able to provide you with a comparative market analysis before listing your home that will allow you to see what other homes similar to yours, and in your area, have currently sold for. With this information, you can work with your realtor to decide on the best and most realistic price to list your home for. Listing your home too high runs the risk of scaring off potential buyers, while listing too low cheats you out of profit.
Your realtor will also handle negotiations with potential buyers and buyers agents so you don’t have to. They can offer emotionally detached advice and essential guidance to get you the best deal for your home. You won’t have to deal with defending your own home or experiencing first-hand rejection, which can be even more difficult to handle when you’re personally invested. Your agent is equipped to know how these negotiations work, as well as the language and jargon used during. This also provides you with a sense of security knowing your realtor is working to protect you from unqualified buyers, unnecessary fees, or even possible fraud.
Free Marketing & Advertising
A professional realtor is able to deliver up-to-date marketing strategies that will help the sale of your home. From exposing your home to their broad database, hosting open houses, providing professional photo and video services, as well as the benefit of advertising, the chances of selling your home faster than you could yourself are increased. Your Agent can also offer advice on enhancing the appearance of your home, based on what buyers are currently looking for.
5. You will actually make more money
When you list FSBO, you run the risk of losing equity. Statistics show that when listing with a real estate agent, sellers generally net more income. Recent data from the National Association of REALTORS® show that the typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales, which is more than a $70,000 difference. That more than covers your Agent’s commission, PLUS puts extra cash in your pocket. Who wouldn’t want that?! A trustworthy real estate agent will be dedicated to putting in the hours necessary to make sure your home sells as fast as possible, and for the best price. Whereas you may not have as much time to dedicate to showing the home, cutting hours at your own job in order to accommodate potential buyers, and taking part in extensive negotiations. It’s the job of your real estate agent to devote the valuable time you don’t have to the sell of your home.
Choosing a method for selling your home is a big decision, and it’s important to consider all of the small details involved, because there are many! No matter your decision, buyers are still flooding the market and homes are selling for top dollar! Could yours be next?