Hiring a Reputable Real Estate Agent vs. Trying to Sell Your Own Property

Posted by Mike Pannell on Thursday, March 30th, 2017 at 7:57am.

Selling your home is never an easy task, and it can often present a lot of challenges. There are two ways you can go about selling your property: one is to use a real estate agent, and the other is to try and sell the property by yourself.

Hiring a Real Estate Agent

There are vast numbers of reasons why you should elect to seek help from a real estate agent to sell your McKinney property. The most important of which is that a real estate agent is professionally trained to ensure that the sale of your house goes smoothly. They are there to help you and can let you know at any point if you need a lawyer.

Aside from this, a real estate agent will have various tricks they can use to increase the number of viewings on your property, and have a higher chance of selling your house. For example, a real estate agent may hold a special viewing of your house for other agents. Those agents will view your house with their own clients in mind. Real estate agents also regularly talk to each other, and word of mouth can be a very effective way of finding buyers.

Real estate agents are also bound by law to act in their clients’ best interests. This means they will try and negotiate the best price for you. This can be seen with the average price of a ‘for sale by owner’ property and one sold by an agent, the former being $185,000 and the latter $245,000. They will help you with any paperwork you may need to complete. They can recommend qualified home inspectors and contractors and ensure everything is legal to help you to avoid potential lawsuits.

A Trained Real Estate Agent Will Work to Get the Best Deal for You

Going it Alone

Going it alone can sound like a great option if you’ve heard about those few people who have managed to save money on real estate agent fees while still getting a reasonable price. However, this path is extremely precarious and can end up with you losing more than a real estate agents' fees would have cost you.

The biggest problem of trying to sell property on your own is that it probably will not be listed in the multiple listing service. This means that buyer’s agents will not bring your property to their client’s attention. By selling on your own, it also means you will have to do the showing and this can lead to buyers feeling uncomfortable, not to mention taking a lot of your time. Many buyers do not like the owner present during the viewing as they feel they cannot discuss things they don’t like openly.

Additionally, by not having your home correctly valued by a real estate agent, you may not be able to determine the right selling price. If you underprice, you will lose money, but if you overprice, you may not be able to sell at all.

While there are some people who have managed to successfully sell their own property, the safest and easiest option available is to use a reputable real estate agent. They will work with you to get you the best price for your property as quickly as possible. Call us today at Nu Home Source Realty LLC.  866.761.5217.

 

Leave a Comment