You may have asked yourself this once or twice, ‘why should I hire a real estate agent to sell my home? Can’t I just sell it myself?’ The answer is yes, you can sell your home yourself, however, by not hiring a real estate agent, you are forfeiting many great benefits that can save you time and money. By choosing not to sell your home with a real estate agent, you are denying yourself access to a well of information, experience, and contacts. But what specifically are the benefits of hiring an agent?
#1 They can represent you
When you sell your home, there are miles of paperwork, seemingly endless negotiations and more. With a real estate agent, you have someone to take the brunt of that for you. They can help you through the contracts, negotiations, and the like. For many people, negotiations are the hardest part of the home selling process. You have to go back and forth on price to until you’ve reached an agreement and then you have to hope that you didn’t accidentally give yourself the short end of the stick. However, if you have an agent on your side, they can help you arrange an agreement that is mutually beneficial for both you and the buyer.
#2 They have an insider’s view of the market
Real estate agents have great knowledge of your market. They have been working in your area for a while and they know what sells and what doesn’t. They know what’s hot and what’s not, they know what to do when things get tough, and so on. A real estate agent has in insider’s view of the market and can help analyze your situation to know what your home needs. When you hire a real estate agent, all of that information and more is at your fingertips.
#3 They are like a persistent assistant
Another big hassle involved in selling a home is coordinating showing appointments. If you sell your home by yourself, you have to do all that coordination and take all of those calls. With an agent, however, you have someone to assist you in selling your home. They can coordinate showings and make it easier on you so you don’t have to worry about it at all. That way you can get back to your already busy life with full assurance that your home is in capable hands.
#4 They have extra resources
In today’s world, anything short of a professional presentation will not do for selling a home. Your agent will have the means to have good pictures taken, breathtaking flyers made, and much more. Your real estate agent my even a state of the art website, videographers, and the like. These extra resources can make or break a sale and would definitely break the bank if you tried to do it yourself.
#5 They have a network at their command
Real estate agents have a lot of contacts. They know many other agents and through those connections, they can find buyers for your home that may not have seen your home amongst the vast number of other homes for sale. A study by the National Association of Realtors says that over 80% of real estate transactions come from an agent’s previous contacts, referrals, and so forth. Without the help of an agent, selling your home can easily become a long and drawn out process, one that can be draining on you and all those involved.
#6 They can help you buy your next home
Once you have decided to sell your home, the next order of business (aside from preparing the home) is finding your next place of residence, which can be a difficult task to juggle if you are worrying about selling your home yourself. When you have a real estate agent working for you they can use all of their great skills they utilize to sell your home in finding you a new one. This will cut down on the possible communication problems that could occur when trying to coordinate with two realtors.
#7 They have connections with other professionals
There is a lot that goes into selling a home, for instance, there are inspections that need to be done, there are repairs that need to be evaluated and completed, and much much more. This can be quite a hassle for a for-sale-by-owner seller to orchestrate and could, again, cost a lot of money. A real estate agent, on the other hand, has had experience in home selling and thus has connections to professionals that can help you at any stage of the home’s preparation or closing. These referrals may offer special deals if you are working with a certain agent and the agent may be able to vouch for them that they are honest and trustworthy.
#8 They can keep your eyes on the prize
As with any endeavor that involves large sums of money, it is best to be laser focused on the end goal. If there is any deviation in your tactics or procedures for home selling, there could be titanic financial consequences. So, with a real estate agent on your side, they can help you to get the most bang for your buck. When you sell your home by yourself, you may not know how to stay on track, however, the real estate agent you hire will be able to do that.
#9 They can guide you through the closing
Like with the negotiations, the closing of a home can be quite arduous there are many forms that need to be filled out and filled out correctly. It can be done alone, but the margin for error is a lot larger and could result in consequences that are hardly desirable. But with a real estate agent, you have someone on your side that knows the ropes, knows the lingo, and, most importantly, knows how to read the contracts. This alone is one of the main reasons to hire a real estate agent, as they will go through your contracts with a fine-toothed comb to make sure everything goes according to plan, otherwise, their pay may be sacrificed.
#10 They can speed up the home selling process
In our day and age, time is money; it is a truth we hear almost every day, so why not choose the path that will get you to your goals the quickest. A real estate agent can do that for you. They can speed up the sale process, they can get it prepared sooner, and can have everything worked out with the contract in a time efficient manner.
Whatever your reason for hiring a real estate agent, you will never regret working with the Hughes Group of Silvercreek Realty Group. These agents of the Hughes Group embody what it means to be a great real estate agent, and they can offer you all of the above ten benefits and more. Call today to meet with one of our amazing sales agents and see how the agents at the Hughes Group can help you!