Many homeowners are tempted to sell their homes without a real estate agent, wanting to save money by not paying a sales commission. However, listing your home on your own, known as For Sale By Owner (FSBO), can have adverse results. Using a real estate agent allows sellers to save considerable time and maximize the sales price.
Here are five reasons to use a real estate agent to sell your home.
#1 Agents Know How to Stage a Home to Maximize Sales Price
Preparing a home for sale requires a lot of time, effort, and expertise. However, agents have a deep understanding of what buyers seek in a home, such as current décor and home design trends.
A real estate agent explains to the seller how to improve the home and prepare it to go on the market, including repairs and updating the home. The agent can also provide information about trending paint colors, ways to improve curb appeal, and staging.
Related: Pale Interior Paint Colors Are More Likely To Increase A Home’s Sale Price
#2 Agents Can Ensure Your Home Gets Seen
The more a home is viewed, the higher the chance of receiving strong offers. Real estate agents use a variety of resources to get a house seen by prospective buyers. Channels like the MLS, social media, and the agent’s website have an extensive reach.
Home sellers should take advantage of a real estate agent’s network to secure the best price.
#3 Agents Help With The Purchase Agreement
Selling a home requires a complex purchase agreement, as mandatory disclosures and regulations increase each year. Having an experienced agent handle the required documentation can save time, money, and stress while avoiding devastating mistakes.
#4 Agents Know How to Price a Home
Strategically formulating an optimal asking price for a home can maximize offers and increase the sale price. Therefore, pricing a home requires experience and an understanding of the market.
Real estate agents have the information and experience needed to price a home accurately. They also understand the broader market and the impact certain features and upgrades have on the market price.
Even with research, FSBO homes can be inaccurately priced, causing sellers to struggle to sell their homes quickly and at a reasonable price. For this reason, FSBO homes often sell at a lower price than homes sold by Realtors while often sitting on the market for much longer.
#5. Agents are Veteran Negotiators
Real estate agents have the experience and know-how to negotiate each aspect of a home sale. Additionally, they understand each party involved in the sale, including the buyer, buyer’s agent, the inspection company, and the appraiser.
Negotiating a sale can be difficult. Buyer’s agents represent the homebuyer and work to drive the price down. In addition, the home inspection company and the appraiser do not necessarily have the seller’s best interests in mind. For these reasons and more, FSBO homes often sell for significantly less than those sold by a professional real estate agent.
Conclusion
Selling a home takes knowledge, effort, and time. Therefore, having a real estate agent to help prepare the home for the market, determine a strategic asking price, and help with the purchase agreement is beneficial. Real estate agents can help provide a smooth home selling experience while assisting sellers in maximizing the sale of their homes.
Marimark Realty
Marimark Realty’s real estate agents focus on providing a personalized experience for buyers and sellers of real estate. As a full-service real estate agency, we help clients with luxury homes, homes for first-time homebuyers, commercial property, and investment property.
To begin the journey of purchasing or selling your home, or purchasing commercial or investment properties, contact us at your earliest convenience.