If you think having a real estate agent costs you money because they take a portion of your home's sale price in their commission, consider this: avoiding hiring a real estate agent to help you sell your home can actually cost you money instead.
If you want to put more money in your pocket, get more out of your real estate experience, and sell your home with less stress, you need a realtor by your side. Here are ways that not hiring a real estate agent can cost you money.
Your house can sit on the market longer
Do you want to get your house sold quickly so you can avoid another mortgage payment? Do you need to sell your house fast because you want to put an offer on another house? If you don't have a real estate agent, your home can sit on the market for a long time. This can cost you money in mortgage payments and can potentially cause you to lose out on another house.
Your house can be listed incorrectly
You likely don't understand the market as well as a real estate agent does and that's not a bad thing. Realtors should know the market better than their clients. So, how can it cost you money by not hiring one due to their knowledge? If you don't know the market, you might list your home incorrectly, which means you can potentially undersell your house. Or, you can list your house for too much, causing it to sit on the market too long.
Your real estate agent knows the best way to sell a house so it can make you the most money. Listed correctly, your home could even incite a bidding war, causing buyers to put in offers above your asking price. Your real estate agent, should you choose to have one, can explain this benefit to you.
Your house can be costly and time-consuming to sell
Do you want to take time off work to show your house or invest in making the house ready for a showing? Your house can be more costly and time-consuming to sell on your own than you'd think, when a real estate agent will provide this service for you as part of their job, only to get paid when your house sells. It's a winning situation for you if you want to spend your time and money on other things rather than the selling of your home.
Reach out to a local real estate agent to learn more about home selling and buying.