Home sales are up by 1.3%, so now is the perfect time to sell your home.
But before you plant that ‘For Sale’ sign in your yard, you’ll have to make an important choice. Should you hire an agent or sell your home by yourself?
For anyone asking ‘Do I need a real estate agent?’ this article is for you! Keep reading for three major considerations to take into account.
1. You’re New to the Home-Selling Process:
If this is your first time selling a house, you might find yourself confused and even lost. Don’t worry; you’re far from alone. There’s a lot to do, after all!
Here are just some of the responsibilities of selling a home:
- Creating detailed home listings online
- Giving tours
- Keeping up with lawn care and basic maintenance
- Organizing legal documents
- Haggling with potential buyers
- Staging the home
- Tracking financial information for tax purposes
Yeah, it’s a lot. And if you don’t know what you’re doing, it’s quite easy to make a simple mistake that draws out the process or results in fees.
For that reason, first-time sellers should use an agent.
2. You’re Looking to Maximize Your Profits:
Even though there’s a ton to do, it’s all worth it when you close on your house and get that sweet, sweet cash! But before you start making it rain, you’ll want to weigh the pros and cons of a real estate agent’s fees.
Most agents work on commission, meaning you’re not responsible for paying them until after the house sells. And even then, a lot of agents take their earnings directly out of closing costs.
If money is your biggest concern, your best bet is to sell house by owner. While you’ll ultimately have to take on more responsibility, you’ll get to keep all profits from your home’s sale.
3. You’re Not Strapped for Time:
Since there’s so much to do when selling a home, most homeowners find it easier to let a real estate agent handle the bulk of the responsibilities.
While that’s a viable option for those who don’t have a ton of extra time, it’s not your only option. As long as you have the hours needed to do things like stage your home and keep up with listings, you can get away with selling your house by owner.
Take this as a warning, though: selling your home solo is going to take a lot of effort. There’s a reason why so many agents spend dozens of hours on a home’s sale.
Speaking of time, most homes stay on the market for 68 days. An agent knows how to get a home off of the market ASAP.
Do I Need a Real Estate Agent? What to Consider
When asking, ‘Do I need a real estate agent?’, weigh these three options.
Are you comfortable dealing with the sales process? Is money more important than convenience?
There isn’t a wrong answer, so think it over carefully. And if you’re looking for more great content like this, make sure to check back with our blog.