Is It Worth Hiring a Realtor When Selling My Home?
It’s natural for any home seller to focus on maximizing profits when selling their homes. And one tactic some sellers consider is cutting out the “middleman” and selling their homes solo. Unfortunately, without a Realtor, your home could stay on the market longer, you’ll end up selling for less, and you could be held liable for a legal mistake you make unknowingly.
If you’re still on the fence, read on and learn why it’s worth hiring a Realtor when selling your home.
Price Your Home Correctly
Realtors understand that the best way to sell a home quickly is by pricing it correctly to attract the most offers. As such, they’ll provide insights into what homes in your neighborhood have been selling for and the local market trends so that you can price your home competitively.
Moreover, keep in mind that agents are trained to negotiate home sales every day! As a result, a Realtor can help you sell for over $58,000 more than when you sell on your own, a study has shown.
Access to a Larger Network
You might have a large professional or personal network, but you likely don’t have relationships that’ll bring a large pool of potential buyers to your house. That could mean less demand for your home and waiting longer to sell it. A skilled agent has a Rolodex of names and networks, which can help spread the word about your property, ensuring that you sell it fast.
Legal Exposure
A home sale involves a lot of legal paperwork. For instance, you could be held liable for negligence, fraud, or breach of contract if you don’t disclose your home’s issues. The good news is that an experienced agent understands disclosure laws and can help you avoid legal liabilities. Besides, most Realtors have professional errors and omissions insurance, which protects them and offers Buyer’s Recourse so that the buyer doesn’t pursue you for damages.
A Realtor is a Worthy Investment!
Wondering how to find the right Realtor? Contact us first! Our Realtors have vast experience in working through your home sale process efficiently. We’ll deal with the buyers’ objections and concerns, keep everything on track, and facilitate contracts and escrow to a successful, seamless closing!