Some people may think that trying to sell their home without a real estate agent will save them a substantial amount of money. Only you can determine if this route will benefit you enough to meet your challenges. Here, I offer an insight into the pros and cons of trying to sell your home on your own, and the benefits you will receive from working with an agent, so that you can make the most informed decision possible.

Advantages of selling your house yourself

The first advantage that most sellers think of when considering selling their own home is that they won’t have to pay the average 6% commission a realtor earns for putting in the effort to sell their home. One point to consider on the financial front is that homes sold by owners sell for 15% lower prices on average than if they were backed and sold by a real estate agent.

Second, you make your own rules when selling your own home. You can choose your price, schedule tours when it’s convenient for you, and negotiate when and how you want with potential buyers. If your home is not sold in a one-off circumstance where you know you will be selling it on unconventional terms (for lack of a better word), these points are not very valuable compared to what an agent can offer you with their experience. Pricing your home is an art that your agent will be able to tell you about, but you are always the one who makes the decisions on this matter. They are also trained and trained in the art of negotiation and the aforementioned statistics can attest to that. You can also influence the scheduling of the projections if you have some restrictions for any reason. You are the driver, but trust that your agent’s goals are to first represent you and have your best interest in mind in all deals (according to the division), and get the most out of your home in the shortest amount of time, for both of you. your financial asset.

Last but not least, you know your home better than anyone. You’ll remember all of his brilliant features better than your agent, but remember, for his commission, he employs many professional and marketing services that you may not have access to on your own. Most agents will go through it and give you their expert opinion on how to organize your particular property, if not at home for you. Your agent will take professional photos and compose a sales copy for your ad, if not more.

Cons of selling your home yourself

One of the biggest disadvantages of selling your home yourself is taking financial and legal responsibility for the transaction. A great deal of paperwork, guidelines, and requirements are involved with selling a home. Even new agents struggle with paperwork initially and their education is largely about paperwork and legalities. Hiring a real estate agent is practically free because you only get paid a commission for the sale of your house, which should be higher than what you could have sold on your own, and if you hire a real estate agent for one reason only, it is to disclaim your liability if a mistake is made. Also, it is for this reason that you would have to study a lot in real estate to be competent.

Homeowners selling their own homes are often targeted by people who do not qualify for a loan large enough to buy their home. Real estate agents are experienced in vetting buyers and knowing which ones are serious and have the funds to make the purchase. If time is money, you’ll save a lot here by hiring a real estate agent to sell your home.

Advantages of hiring a real estate agent

Hiring a real estate agent maximizes the exposure of your home using MLS (Multiple Listing Service, a system that only real estate professionals have full access to), among other marketing platforms. You will get the most exposure working with one real estate agent, and you can interview several to find out which one has the best marketing strategy and attitude to suit you. Exposing the property using most channels will result in selling your home much faster than you could on your own, another benefit of hiring a real estate agent.

Finally, considering the scale of this transaction and the number of tasks involved that require specific knowledge and attention to detail, it should encourage you to hire a professional. Real estate transactions generally exceed the $ 100,000 threshold. If you had $ 100,000 in debt or medical expenses, or had a tax or legal problem worth that much, you would probably seek professional help. Why not in this case?