How Do Home Sellers and Real Estate Agents Work Together?

If you’re looking at selling your home in the near future, you may be tempted to save a little money and sell the home yourself. This is called “for sale by owner,” and while this method may seem like a money saver, it can also be extremely difficult, time consuming, and may even cost you more money in the long run. Here are a few ways your agent will work with you to sell your home, get you the best price, and be sure the transition is smooth and seamless.

Attracting Buyers

Working with a real estate agent on selling your home can make your home more appealing to future buyers in a multitude of ways. First of all, many agents will not show their clients homes that are “for sale by owner”, and there are many reasons for this. One, the agent for the buyer may find it difficult to work with someone who is not a professional, and it may scare them away from the property. Two, commission for the sale almost always comes from the seller – for both the agent of the seller and the agent of the buyer – so the buyer’s real estate agent may be worried about losing out on their pay.

Increase Outreach

Working to sell your home with a realtor will also increase your ability to reach out to a vast market of buyers. You may be able to list the home yourself on  websites and apps, but realtors have their own systems and networks where they spread the word amongst other professionals. If you’re selling your home by yourself, you may be waiting a long time for the right buyer to come along, or end up settling for a lower amount of money. You can use a seller closing cost calculator to see how much money you’ll be spending on paying your agent’s commission, but an important thing to note is how much money you might be losing out on without proper real estate representation. Sure, it may save you a few grand now, but you may be forced into a situation where you’re accepting a lot less than you deserve for your home.

See also  7 Tips for Becoming a Successful Real Estate Agent

Check for Mistakes

There’s a lot of negotiating, paperwork, and time that goes into selling a home. From staging it to look appealing to potential buyers, to choosing a qualified buyer once offers are in, all the way to closing day, there are a lot of mistakes that can be made along the way. A trained real estate professional does this job every day, and knows exactly what to do. If you don’t know what to look for when accepting an offer, you may end up wasting time on someone who will be unable to pay when it comes to closing day. You can also face legal ramifications if you’re not fully transparent in your seller’s disclosure. Ultimately, it’s a lot for one person to think about, and it’s best left to the professionals for your own protection.

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