Selling your home can be a daunting task, especially if you decide to do it yourself. You might think that you can save money by avoiding the commission fees of a real estate agent, but you might end up losing more in the long run. Here are some of the benefits of hiring a real estate salesperson to sell your home:
- They have market knowledge and experience.
- They have access to marketing tools and networks.
- They can handle the paperwork and negotiations.
- They can save you time and stress.
Key Points
Market Knowledge and Experience
A real estate salesperson knows the current trends and conditions of the housing market and the local area and neighborhood where your home is located. They can help you price your home correctly, based on comparable properties and market data. They can also advise you on the best time to sell, how to stage your home, and what improvements to make to increase its value and appeal.
Marketing Tools and Networks
A real estate salesperson can expose your home to a broader pool of potential buyers, using various marketing channels such as PropertyGuru/99.co online listings, social media, flyers, signs, and open houses. They can also leverage their professional network of other agents, brokers, and contacts to find qualified buyers who are looking for a home like yours.
Paperwork and Negotiations
Selling a home involves a lot of legal documents and contracts that can be complex and confusing. A real estate salesperson can help you navigate through the paperwork and ensure that everything is done correctly and in compliance with the law. They can also represent your best interests during the negotiations with the buyer, and handle any issues or problems that may arise along the way.
Time and Stress
Selling a home can be a time-consuming and stressful process, especially if you have to juggle it with your other responsibilities and commitments. A real estate salesperson can take care of all the details and tasks involved in selling your home, from preparing it for sale to showing it to buyers, to closing the deal. They can also provide you with guidance and support throughout the process, and answer any questions or concerns you may have.
A Key Factor
One of the main reasons why some homeowners choose to sell their homes themselves is to avoid paying commission fees to a real estate agent. However, this might not be a wise decision in the long run. Homes sold by agents typically sell for more than homes sold by owners. This means that hiring a real estate agent can increase your net profit, even after paying their commission fees.
Studies also found that homes sold by agents sell faster than homes sold by owners. The average time on the market for homes sold by agents was much lesser, compared to homes sold by owners (FSBO). This means that hiring a real estate agent can save you time and money on carrying costs, such as mortgage payments, property taxes, insurance, utilities, and maintenance.
Therefore, hiring a real estate salesperson can significantly boost your chance that the closing price can cover the extra commission with profits. Not only that, but you can also enjoy the benefits of their expertise, marketing, negotiation skills, and assistance throughout the process.
