When it comes to selling your home, one of the biggest dilemmas you will encounter is whether or not to hire a real estate agent. Some sellers will choose to forego the real estate agent because they think it will save them money. This is not always the case and is only a small part of what working with a real estate agent encompasses.
There are three major reasons why you should hire a real estate agent: knowledge and expertise, connections, and money. Real estate agents can actually save you money! In the long run, real estate agents will ultimately save you time, which is the most valuable aspect. At Durango Land and Homes, we want you to succeed in selling your home. Let us help take some of the weight off of your shoulders so that you can focus on what’s really important—living your life!
- You’ll Benefit from your Real Estate Agent’s Knowledge and Expertise
Selling your home can be a daunting task. Educating yourself on the process of real estate is time consuming; however, real estate agents are well equipped with the knowledge and proper certifications to help you sell your home. Why attempt such a complex and difficult venture on your own when a real estate agent knows how to work the market?
One of the most complicated issues with buying or selling your home is paperwork. With the process come numerous forms, reports, disclosures, and any other technical documents that are necessary to finalizing the closure. Using a real estate agent for the paperwork aspect will help save you from costly mistakes or potential delays that may occur from issues within the documents. A real estate agent makes sure certain arrangements are fulfilled and that you are safe legally. And since real estate agents are constantly working with the same documents, they are familiar with how to protect you and your real estate venture.
- Real Estate Agents have Connections!
A lot goes into selling a home, possibly even more than you had initially anticipated. Having useful connections within the community can solidify the deal on your home and your real estate agent is the one with access to these resources.
Real estate agents are your key to mortgage brokers, real estate attorneys, home inspectors, and construction companies, to name a few. If you are simultaneously working on buying a home while trying to sell yours, having a mortgage broker can help to alleviate the stress that comes with the financial aspect. Real estate attorneys are useful with the legalities and transferring of titles during the selling stage. Home inspectors make sure your home is in good condition to sell. If they do find any issues, construction companies can come in and help with any necessary repairs.
Due to legal liabilities, a real estate agent might not directly refer a particular company or individual. However, they can give you a list of references for the ones that they have previously worked with, as well as provide background information for these professionals. Imagine trying to look up all of these professionals on your own! This step is crucial to saving you time and alleviating the stress that comes with having to do the research for each profession.
- They’ll Help you Save Money
Nobody likes to see their property sold for less than its full potential. Working with a real estate agent can solve this issue. Utilizing their knowledge and skills can prove beneficial to your bank account for several reasons.
First off, figuring out a price that is just right can prove to be more difficult than it seems. If you are selling your house, it would make sense that you are trying to get as much for your property as possible. Finding a balance is the most difficult part of selling a house on your own. Price your home too low and you lose out on that portion of money. Price your home too high and it may lead to your home sitting in the market for much longer than if you had hired a real estate agent. A real estate agent is also familiar with the comparables in your neighborhood which are used to gauge how much your property is worth based on the area. This will help you get the most out of your home’s worth.
Real estate agents can help to improve the overall condition of your home as well, which can considerably increase the sale price. This does not mean you have to make drastic changes to see results. A few simple improvements your real estate agent might suggest include keeping up on cleaning, adding a fresh coat of a neutral paint color to walls, or light landscaping. If a real estate agent does recommend bigger home improvement projects, keep in mind that they do have connections within the community and they most likely know the right companies for the job.
Real estate agents are also excellent at negotiation which is a highly useful tactic in saving you money. The housing market is a competitive domain that your real estate agent knows how to work within. Your agent is aware of how to handle competition, can work the market with cutthroat tactics, and knows whether to push forward or recede in bidding wars. If you’re still concerned about the amount that the real estate agent earns at the end of a sale, keep in mind that this commission is usually included in the price that the real estate agent had negotiated. Therefore, focusing on the bigger picture rather than the amount that goes to the real estate agent will help you save both time and money in the long run.
Durango Land and Homes is committed to our community. Therefore, our knowledge and connections are crucial to helping you succeed in the selling of your home. We also want to make this transition in your life as easy as possible—time and money are both factors in doing so. We will help you get the most out of selling your property!