To Hire or Not to Hire
Pro and Cons of Hiring a Real Estate Agent
You are ready to move to next home. You’ve been looking at neighborhoods and scrolling through home listings. You have so much to think about as you prepare to sell your home and buy another one.
When will you list it?
What repairs will you have to do?
How will you deal with potential buyers?
Who’s going to show the home?
We know how all of those questions start running through your head and just might stop you in your tracks. If you’ve never sold a property, you might be somewhat confused about what to do and how to get started.
Do you need to call a realtor?
Sell the home yourself?
See, how those questions keep coming up. Well, we’d like to share the advantages and disadvantages of hiring a real estate agent to help you with the process.
- A real estate agent can help you sort through the many details of selling your home. The listing, the possible renovations, how to get the market value, and so forth. It’s even more beneficial when the agent is community-focused with a brand that’s trusted. He or she could easily connect you with a potential buyer before you really get started.
- You can get comprehensive services when you hire an agent. Marketing, printed materials, online listings, and someone to show the home are all things you’d have to do yourself if you didn’t hire a professional.
- The right real estate agent will have extensive resources for you to utilize--from contractors to attorneys. He or she can connect you to the right people to help you make repairs, get the curb appeal up to par, and inspect the home before you sell it.
- Paying commissions. Yes, the real estate agent will ask for commissions. This is simply how they pay for all of the advertising fees and professional costs for listing your home. They do not make money from the sale of your home, so their commissions is how they make a living. Be prepared to offer at least 6% in commission fees.
- Multiple customers. Yes, there will be other people in the mix here. The real estate agent will more than likely have more than one individual or family he or she is working with to sell a home. However, a great real estate agent will always give you their undivided attention during your appointments, meetings, and showings.
- Choosing the wrong person. Unfortunately, this is a disadvantage of hiring an external agent. You really don’t know how things will turn out until you actually hire them. Everything can look great from your research, and you still not vibe with the agent. That’s okay though. You can always make a different decision. You don’t have to stick with one agent if it’s not a good fit.
Here are a few questions you can ask a real estate agent before you hire them.
- How many homes have you sold in my community?
- How do you plan to advertise my home?
- Do you have references I could contact?