Many homeowners opt to sell their homes without the assistance of a realtor to save money. While avoiding the agent’s commission may save you money in the short term, you may encounter costly expenses in the future if the sale does not go well. Here is a rundown of some of the benefits when you hire a real estate agent to sell your house.
Hire a Real Estate Agent to Get the Right Price for Your Home
As a seller, you aim to get the best price for your home. However, to attract buyers quickly and get multiple offers, you must price your home appropriately. Many homeowners are sentimental when pricing their homes and estimate that it is worth more than similar homes in the area.
A realtor uses a more fact-based process when pricing your home. They will identify comparable recent home sales within a specific radius and review your house against these to determine a reasonable asking price.
Agents Have Connections
Many homeowners list their homes online and share them on social media. While you may have an extensive professional or personal network on these platforms, fewer people are likely to show interest in your home.
A real estate agent has strong relationships with clients, other realtors, and the real estate agency. They have an extensive list of names and industry contacts, so they will quickly spread the word about your house through professional websites, real estate sites, and the MLS. This helps attract a larger pool of potential buyers to your home.
Help with Contracts
One of the main reasons to hire a real estate agent to help with your sale is contract law. These professionals are familiar with the paperwork and procedures required to close a sale. There are federal and state regulations that need to be met.
Your realtor knows what should be disclosed and what to do if something comes up during the signing of a contract. Hiring an agent to navigate the closing contract situation is crucial for the successful sale of your home.
Hire a Real Estate Agent to Handle Negotiations
When you begin getting offers on your home, you’ll need a skilled negotiator. Most buyers have an agent negotiating on their behalf. Therefore, if you sell by yourself, you will be at a disadvantage against the buyer’s agent.
There is a lot that needs to be discussed apart from price including the home inspection, repairs, contingencies, and closing costs. With a real estate agent by your side, you have a better chance of selling your home on your terms.
Many homeowners think that the role of a realtor is exaggerated. However, when you hire a real estate agent, you’ll have support through the entire home-selling process. Check out different realtors and compare their quotes to find the best professional for your sale.
Sherlock Homes Inspection & Property Management provides inspections to homebuyers and sellers in Tolland, Hartford, New Haven, Windham, New London, & Middlesex Counties. Contact us to request an appointment.