If you are thinking of selling your house or condo in the near future, you may be wondering: is it beneficial to hire a real estate agent or sell on your own?
After all, with a generally sluggish real estate market right now, the average time it takes to sell a property would be about the same for both methods. So for sale by owner vs real estate agent, both methods have their own pros and cons.
So what are the other differentiating factors? Is it beneficial to sell your home online? To help you make your choice, here are the pros and cons of each situation.
Sell with an agent
The advantages of houses for sale by owner are usually described as follows:
Taking calls, answering questions, and scheduling appointments can become quite overwhelming, especially when the sale goes on for months. Search real estate for sale by owner near me, to save your time.
Establish the right price for the house
This is the most important factor to consider in case of real estate for sale. And according to some sources, direct sale homes are much more often poorly valued than others.
While an agent’s contribution may be questionable for certain aspects of the process, this is often where their expertise is most helpful.
Act as an intermediary between the parties
The agent can thus reduce the emotional aspect of the situation and this case it is good to do process of land for sale by owner itself.
Support sellers throughout the process
Sales people usually find it reassuring to have someone to turn to during this stressful time, for example, by helping them to properly prepare the property before putting it up for sale, with marketing remaining a crucial factor.
The disadvantage of using the services of a real estate agent is, of course, the fact of having to pay for it. The cost is usually set at 5% or 6% of the sale, regardless of whether they sold the home within two days after a single visit or whether it has been on the market for many months.
Sell directly (without an agent)
Biggest advantage of this method is the absence of commission costs. Who wouldn’t want to keep more money in their pockets when they sell their home? When we talk about a house of several hundred thousand dollars, 6% commission, that’s a lot of money saved!
In addition to the financial gain, direct selling advocates also cite the fact that homeowners know their property the best – and therefore are in the best position to sell it.
This method is more appropriate when sellers are in no rush, are willing to invest (in time and energy), and their property is in a desirable market.
The drawback of direct selling of local houses for sale by owner is also pretty straightforward: not everyone is an expert in real estate. The point here isn’t to scare people, but there are still many details to take care of, several things to consider, and a lot of things that can go wrong.
Even with some support offered by direct sales companies, it is sometimes difficult to cope with all of this without support.