Are you planning to sell your home as you relocate? Selling your home by yourself may seem convenient and cheaper since you won't need to pay any commission to a real estate agent. However, the risks of selling your property by yourself outweigh the benefits you reap when hiring an agent. Here is why you should consider hiring a real estate agent during your selling process.
To Avoid Emotional Sales
How long have you been living in the house you are selling? Your home bears a lot of memories which makes selling it an emotional process for you. Thus, you become more prone to making an emotional sale, like giving in too easily to a buyer with a low price to meet your selling deadline or refusing counter offers because you believe the home is worth more.
Additionally, selling the home yourself means dealing with rejection from every potential buyer that claims they aren't interested after the viewing. Some of the reasons the buyer gives for opting out may be upsetting due to your emotional investment in the property.
Hiring a real estate agent helps avoid dealing with rejection. As experienced individuals, they can change negative feedback to a workable issue. Besides, the real estate agent can quickly identify why the property may take longer to sell, which you may miss as the homeowner.
A Wider Network of Buyers
When selling property by yourself, you will probably put a "For Sale" sign outside the home and make a listing on online listing services. However, that will barely be enough to get a wider audience since you don't have an extensive client network. A small network means high chances of bargaining and waiting longer to sell your home.
Contacting a real estate agency helps since they have a wider network and extensive access to interested clients. They can quickly inform potential buyers about the home they listed within hours and attract more buyers. Therefore, there is high competition, and you can sell the home for what it is worth.
Help with Price Negotiations
Even if you have sold a property before, you may not have specialized price negotiating skills. Besides negotiating inexperience, you likely have strong emotions about the property you are selling, and you can be irrational and make poor decisions during the negotiation.
A real estate agent boasts impressive price negotiation skills and stands a better chance at succeeding in price negotiations. Having negotiated hundreds of home sales and purchases, agents know the game well, and they can quickly tell the signs of a disingenuous buyer.
Hire a Real Estate Agency You Can Trust
The benefits you reap by hiring a real estate agent outweigh the percentage of commission after making a sale.
Contact a real estate agent for more information.Share
4 November 2021
Have you recently found out you’ll soon be moving to a new location? Perhaps, your employer is transferring you to another branch of the company in a different city. Or, you may need to move near a family member in order to take care of him or her. Regardless of your unique situation, you might worry you won’t be able to find a wonderful place to live in your new city on your own. Consider hiring a reputable real estate agent to help you with your house search. This professional should have in-depth knowledge about your new area. On this blog, I hope you will discover the many advantages of hiring a real estate agent during an unplanned move. Enjoy!