If you are looking to sell your house, many factors will determine how quickly and how much it sells. For example, the housing market in your area, the condition of your home, what type of agent you choose to list with, etc. However, one variable can affect all these other factors and make them irrelevant – whether or not you use a real estate agent.
Selling your home without an agent is possible, but it’s not advisable. Here are four reasons why:
You likely won’t get as much money for your home.
According to the National Association of Realtors, the average home seller who uses an agent gets 20% more for their home than those who go it alone. That’s a huge difference! And, in today’s market, where homes are selling quickly, you want to make sure you price your home correctly from the start, so you don’t miss out on any potential buyers. When you try to sell your home on your own, you are at a disadvantage. You likely won’t have as much knowledge about what your home is worth or how to market it effectively. And, since you are not a professional real estate agent, you will not have access to the same resources (like MLS listings) or networks of potential buyers. All of this puts you at a disadvantage and makes it more likely that you’ll sell your home for less than what it’s worth.
It will take you longer to sell your home.
The average home sells in just over two months. But, if you try to sell your home on your own, it could take much longer. You will likely have to deal with more tire-kickers and unqualified buyers who are just trying to get a low price for your home. An excellent real estate agent will weed out these buyers, so you don’t have to waste your time with them. And, since agents have access to MLS listings, they can immediately start marketing your home to qualified buyers interested in what you have to offer. This increases your chances of selling quickly and for the best possible price.
It’s a lot of work.
Selling your home is a full-time job. It’s a lot to handle, from marketing your home and showing it to potential buyers to negotiating contracts and dealing with inspections. And, if you have a full-time job or children at home, it can be even more challenging. An experienced agent will take care of all the details for you to focus on your everyday life.
It’s emotionally challenging.
Selling your home is a big decision, and it can be an emotional process. An experienced agent will help you through the process and guide you to making the best decisions for your situation. They will also help you stay level-headed when dealing with buyers who might try to take advantage of you.
You’re at a disadvantage when negotiating.
When it comes to negotiating the sale of your home, it’s important to have someone on your side who knows the ins and outs of the process. An experienced agent will know how to handle any situation and fight to get you the best price possible. However, you are at a disadvantage when selling your home without an agent. You likely won’t have as much knowledge about the process or what your home is worth. This puts you at a disadvantage when negotiating with potential buyers.
It’s a stressful process.
Selling your home can be a very stressful process. From start to finish, you’ll have a lot on your plate. There are many things to think about, from marketing your home to negotiating contracts. And, if you have a full-time job or children at home, it can be even more challenging. An experienced agent will help you through the process and guide you to making the best decisions for your situation. They will also help you stay level-headed when dealing with buyers who might try to take advantage of you.
You’ll have to do all the work yourself.
When you sell your home without an agent, you are responsible for everything – from marketing and advertising your home to negotiating with buyers and their agents. This can be a lot of work, and if you’re not familiar with the process, it can be overwhelming. Not to mention, most people don’t have the time to dedicate to selling their homes while also working and taking care of their family. With an agent, you can sit back and relax while they take care of everything for you. From marketing your home to negotiating with buyers, selling a home is a lot of work. If you’re not prepared to handle all the details that go into selling a home, it’s best to leave it to the professionals.
You may not get as many showings.
If you’re not using an agent, likely, your home will only be shown to buyers who are already working with an agent. This means you could be missing out on a lot of potential buyers. And, even if you do get showings, they may not be well-organized or timely, which can be frustrating for both you and the buyers.
You could end up paying more in closing costs.
When you sell your home without an agent, you are also responsible for paying all the listing fees and commissions, which can add up to 5-6% of the sale price of your home. You would otherwise be pocketing this money if you had used an agent.
You could end up paying more in commissions.
While it’s true that you’ll have to pay a commission if you sell your home with an agent, it’s important to remember that the buyer’s agent will also be paid a commission. So, if you go it alone, the buyer may not have an agent representing them, which could end up costing you more in the long run.
If you’re considering selling your home, it’s essential to consider the benefits of hiring a real estate agent. They can help ease much of the stress and make sure that you get the best price possible for your property. A good agent will also be able to negotiate on your behalf so that buyers don’t take advantage of you. In the end, selling your home with an agent is usually the best decision. When it comes to buying a home, it’s important to work with people you can trust. Christian House Buyers are reputable individuals that have been helping homeowners for years. They are dedicated to assisting people in finding the best homes at the best prices. We understand that buying a home can be stressful, so they work hard to make the process as smooth and easy as possible. Contact us today to learn more about how we can help you find the perfect home.