Why use a Realtor®?
There are many reasons to use a Real Estate Agent to help sell your home. According to the National Association of Realtors, FSBOs (for sale by owner) accounted for 10% of home sales in 2021. The typical FSBO home sold for $225,000 compared to $330,000 for agent-assisted home sales. The two biggest pain points for sellers not using an agent were 1) Getting the right price and 2) The Paperwork.
Here are the top 5 reasons why using a Real Estate Agent is a massive benefit:
- Pricing: As you saw above, using a Real Estate Agent on average increased the sellers selling price by over 45%. Your Real Estate Agent will conduct a Comparative Market Analysis (CMA) before putting your home on the market to make sure that your home is priced competitively and will draw in buyers.
- Negotiation: In addition to pricing your home competitively, your agent will also negotiate on your behalf. These negotiation skills have a direct impact on the selling price of your property.
- Marketing: Listing your home with an agent will put your property in front of more buyers in comparison to just listing it yourself. Your agent will put it on the local Multiple Listing Service which puts your property in front all agents across the world as well as popular websites such as Zillow and Realtor.com
- Paperwork: These days, there is a great amount of paperwork involved in a Real Estate transaction. Your agent not only will explain the paperwork in detail, but will also set you up with a local trusted title insurance company to facilitate the sale. This ensures that you can minimize your legal risk as much as possible.
- Save You Time: Selling real estate can be a tall task that takes a lot of time and effort. Especially if you need to move by a certain time, it is important that the transaction is as smooth as possible. In addition, moving from one place to another is enough of a task in itself. While you are preparing for your move, you do not want to also be dealing with the hassle of selling your home. Having a Real Estate Agent takes that off your plate and allows you to focus on your life while also ensuring you sell your home in a timely fashion.