Jul 21, 2017
Let’s face facts. No one wants to pay a real estate agent. Besides, the pull of a “For Sale by Owner” sign in the front yard might seem attractive to many a do-it-yourself seller.
But before you go it alone, remember that agents bring some compelling assets to the table. Yes, an agent has to be paid but if you avoid getting a worse deal, the money you spend upfront could end up saving you a good deal more. That’s because some people undervalue their homes – an especially prevalent problem in the current sellers’ market. A lack of housing stock may mean your humble abode is worth well above what you are asking. Listing a home gives you wider access to the market and more potential buyers to drive up the final price.
Experience is another big factor to consider. If you haven’t sold a home before do you really want to enter into one of the biggest transactions of your life without professional guidance from someone who does this for a living? The reality is that a good agent acts as a conduit between buyer and seller and having someone on your side who has seen it all before is a big plus, especially if complications arise in the sale. Are you experienced enough to understand potential problems with financing, home inspections or contract clauses. If not, you might consider getting someone who knows the ropes to give you a hand.
Successful transactions without an agent are not impossible and sales between private parties can go smoothly. But it is still best to exercise caution. Getting a pro to facilitate the deal can save on big headaches or lost opportunities down the road.