Is Hiring An Agent REALLY Worth It?
When contemplating the sale of your home, many default to seeking out a local real estate agent as their primary strategy. While agents can indeed provide valuable assistance, they’re not the sole option worth considering. With a bit of research and effort, you can effectively sell your home independently, ultimately saving both time and money. In this blog post, we’ll delve into the various expenses associated with a conventional listing, empowering you to decide whether engaging an agent aligns with your best interests.
The Pre-Listing Costs
Before plunging into the market, it’s crucial to assess comparable properties listed on the Multiple Listing Service (MLS). Analyze both asking and selling prices of similar homes to gauge your property’s competitive edge. Put yourself in the shoes of prospective buyers who seek optimal value for their investment. This often entails undertaking repairs, cosmetic touch-ups, or upgrades to enhance your home’s appeal. Homes lingering on the market tend to lose buyer interest, potentially signaling underlying issues. Hence, it’s imperative to present a home that captivates potential buyers and underscores its value for money.
Agent Fees
While agents render valuable services, they operate on commission, typically around 6% of the final sale price. While this compensation is fair for their hard work, it’s prudent to scrutinize the breakdown of fees outlined in your agreement. Some agents may tack on additional charges for administrative tasks, listing fees, marketing endeavors, photography, and other ancillary services. Understanding the specifics of your agreement is paramount, as terms can vary widely across agents.
Closing Costs
Upon reaching the closing stage, additional expenses come into play, roughly amounting to 2% of the final sale price. These costs encompass appraisal fees, taxes, deed recording, title searches, credit assessments, among others. Opting for a direct sale to Swett Street Capital absolves you of these financial burdens, as they cover all associated costs seamlessly.
Time Sensitivity
When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to Offer Express, you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible. Before hiring an agent, give our office a call or send us a message! Find out how we can help you! (210) 898-9300