Real estate agents make their living assisting others in buying and selling homes. They do this by charging a commission, which is a percentage of the purchase price. The seller is the one who pays this commission in the process, which is why many choose to sell their homes on their own and cut out the middleman. In this way they can afford to lower the price and still realize a profit from the sale.
Having a real estate professional working with you on the sale makes the process of selling your home a much easier one. The real estate agent will take over the marketing part of the process, taking out ads, setting up the signage and bringing potential buyers to view your home. This legwork will save you time and help the sale proceed much faster. All you have to worry about is making sure that your home is in the best possible condition for potential buyers who want to see more than the outside.
A realtor has knowledge of the current market trends and a wealth of experience with the process of selling homes. He has access to information that the general population does not have about this industry and will assist you in determining the best asking price for your home. This professional is also experienced in negotiating with buyers, handling the paperwork and other aspects of selling that will bring you a higher price for your home.
When you sell your home on your own without the assistance of a realtor, you have a lot more work to do. You have the task of marketing the home by taking out ads and putting up signs to let potential buyers know it is on the market. When you cut out the middleman you have more flexibility in determining how much you want to set as the asking price and you can lower the price to make a quick sale.
The traditional method of advertising a home for sale is through classified ads in the newspaper. However, you can place flyers advertising the sale in areas that receive a lot of traffic and there are numerous websites where you can list your home for free or for a very low cost. By using a combination of these methods, you will give your home exposure in the market and attract interested buyers. When advertising, you should have an accompanying photo to make the ad more enticing for buyers.
One of the main advantages in choosing not to use an agent for the sale is that you save the money you would pay as a commission. You own all the purchase price. This can work to your advantage because you can sell your home for a lower price than a comparable property selling through an agent. You may choose to stick to a higher price and realize more profit for yourself from the sale.
Even though you could make more money selling your home on your own, using a realtor for the process makes it much easier and gives you more time for yourself. The choice you make depends on how much time and patience you have for the selling process.