In an attempt to cut down on costs, some sellers might be contemplating listing their homes without the services of a real estate professional. Although it may seem like a great way to reduce costs and avoid paying an agent's commission, it also means that the seller will have to do all the work themselves.
Apart from the convenience of leaving it to a professional, an estate agent brings several other crucial values to the table. As an expert working within the property market on a daily basis, an agent will be able to assist the seller with correctly pricing their home, marketing and advertising the house, running show days and negotiate the sale.
Here are four other reasons why using an agent will help sellers to make the most money in the shortest time when selling their homes.
1) Higher profit potential
While many people think they will make more money by avoiding paying an agent commission and handling the sales themselves, statistics reveal otherwise. In most cases, selling the property through an agent will bring about a higher profit, often enough to cover commission and more. Why is this? Well, for one thing, the estate agent has the experience and resources to price the home appropriately. According to studies, homes that are priced correctly when they are first listed sell faster, and for a better price than those that list at inflated prices and linger on the market for longer than they should. The longer the home stays on the market, the more the price tag will decrease.
2) Free-up your valuable time
It wont take long to list the property online, but that is not where it ends. There is also the matter of handling potential buyers, not to mention home inspectors and appraisers. All of this can be extremely time-consuming. An agent will also be able to screen buyers, help sellers to prepare for home ispections and ensure that the whole sales process is handled efficiently.
3) The subtle art of negotiation
Considering that a home sale is probably one of the biggest deals that a seller will make in their lives, woudnt they want the negotiating skills of a seasoned professional helping them along? Listing the home with an agent also means that the seller will get the agents marketing power, access to their network and connections.
4) Low risk, high reward
If a homeowner sells the property themselves they run the risk of making mistakes and dealing with possible legal consequences. The process can be complicated and there is a lot of paperwork that needs to be completed correctly. An agent will know the ins and outs of what is required and how it needs to be filled out. Due to the nature of property sales and the huge financial impace these transactions have on peoples lives, the right estate agent can add value and be a helpful, professional guide for homeowners to rely on