Selling your home without the hiring a well-qualified real estate agent has many disadvantages that can hurt you greatly during and after the process. Selling your home is a very long and challenging process. It is important that you get the proper help in order to ensure that the outcome is what you hoped for.
A major disadvantage to selling your own home is the time you will have to sacrifice. This is not something that you can do during your lunch break at work. You need to understand the market. This will require a lot of research. You also need to know the legal and financial details about the process. Messing up in these areas will hurt you big time. A good real estate agent will be able to help you in this area. They likely already know what the market is like, and will do any research that is necessary. As professionals, they know all the details that go into the process.
An agent also knows how to get as much money from selling the home as possible. A study done by the NRA showed that people selling their homes themselves sold them for about $45,000 less than those sold with real estate agents. Agents know how to properly price the home in accordance with the market and similar homes. The average person is not as knowledgeable in how to properly price their home and how to negotiate that price with potential buyers.
When selling your home yourself, it is very likely that you will put your own safety and security at risk without realizing it. Though you do need to show off your home to potential buyers, doing this increases the risk of theft and burglary. Real estate agents are much more aware of the proper security measures that should be taken to ensure the safety of you and the home.
Lastly, real estate agents are much more educated on the best ways to advertise homes. As a regular person, you do not have access to Multiple Listing Services that are used to let other realtors know about the property. These listing services also release information to have your home advertised on many websites. The internet is the most commonly used tool for buyers searching for homes. They have the tools that allow your home to reach a larger audience. They also use newspapers and other platforms to advertise your home.
This is a very difficult process to go through without the help of a professional. They have the experience to get you through it with as little hassle as possible. Hiring a real estate agent is the best way to make sure that nothing goes wrong, and you come out of the process pleased.