According to the National Association of Realtors (NAR), there are over 1.4 million realtors in the US in 2019. Real-estate agents are experts with tons of experience in property issues. Professional realtors give expert advice and services to ensure that your property sells at the best-possible value and in a short period. This is because transactions that revolve around property/home selling are risky, complex, and time-consuming.
In this article, we share with you 4 legit reasons why you should consider hiring a realtor when selling your home/property.
Let's dive right in.
1. They Understand Property Issues Better
Just like any other profession, real estate agents possess rich knowledge on the nitty gritties regarding property sale and management. Many home sellers opt for the For Sale by Owner FSBO method in order to save thousands of dollars as commission fees for agents. They however lack immense knowledge on what home selling entails.
Eventually, agents end up saving a few more thousand dollars that would have been wasted due to the complexity of home selling. In many states, the average commission fee for agents in roughly 6%. This is incomparable to the 10% in unforeseen costs and expenses that newbies end up wasting when they opt for “for sale by owner” (FSBO). With many years of experience in the field, agents have immense knowledge about home selling, which turns out to be an added advantage to you, the seller.
2. Realtors Save You Time and Money
Agents have incredible experience on how home/property selling entails. This affords agents the ability to perform various requirements for home selling like paperwork, faster and more efficiently than you would do on your own.
Agents have laid down an efficient network of all the people involved in property selling. The network ensures that the selling is faster and efficiently done, compared to that of a private seller. In many cases, house buyers opt to buy houses through agents because of their efficiency. Selling your home via an agent is hence quite fast and efficient.
4. Realtors Offer You Security
One of the most important aspects of selling your house through an agent is the avoidance of dangers associated with such transactions. Many house/home sellers who opt to go into the sale alone find themselves entertaining the wrong buyers who never end up purchasing the house.
Because of their experience in the industry, agents are able to screen prospective buyers and point out those who are most likely to purchase the property. Many buyers also prefer purchasing property/home because of the security agents provide. By selling your home via an agent, instances of fraudsters and unscrupulous buyers is avoided.
5. Realtors Understand Negotiation and Pricing Better
Selling a home requires both expertise and skill. Most home sellers who opt for FSBO option end up wasting a lot of time or selling at a lower price due to the lack of skills in negotiation and closing the customer. Even where the home/property is posh and promising, sellers without agents end up losing buyers who would have bought if the negotiations were done correctly.
Agents also guarantee to sell your house for the right market value or even higher. Their expertise on the same affords them the ability to negotiate for the best price from the buyer, which translates into more money for you, the seller.
Conclusion
Selling property can be a risky, rigorous, and daunting process. Real-estate agents provide all the services required to ensure your property sells. Although realtors take a certain percentage of the sale price, they ultimately save you time and offer you peace of mind;throughout the sale process.
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