Hire A Realtor Or Sell Your Home Yourself?

Many people are making the choice to sell their homes themselves. You may have heard that this method can save you money on the commission fees, but usually, this amount will be spent in other areas. Usually, the commission for an agent would be 5-7% of the home sale. However what many people do not realize is that it will cost them at least that to see that their home closes properly. There are many costs that the average home owner does not know about that are covered in the sales process by a Realtor.

Selling a home is a big undertaking. It’s like you’re getting a second full-time job. The marketing process itself would use up a lot of time and money. A Realtor has so many advantages when it comes to home marketing. Realtors usually have a web presence established already. This is vital in ensuring that your home receives proper coverage and exposure. The first time that many prospective buyers see your home will be on the Internet, not only on the realtor’s site but on the local MILS as well. This is something you’ll have a hard time achieving without a Realtor. Realtors can also have full-page colour ads in local newspapers to showcase their listings.

A Realtor is also so useful when it comes to the contact negotiations and execution. Agents have been trained in the proper execution of contracts and all that are involved in closing a home. This part of the procedure can get very confusing and also cost a lot of money. There are numerous lawyer’s and notary costs that can easily inflate a sellers cost beyond the small saving on commission. You must also consider that a large percentage of people who try to sell their homes themselves end up listing with an agent. And, homes sold by agents usually close for over $20,000 more than homes sold by owners. Keep in mind that a professional agent will be able to give it his all for the sale of your home than you can. This is because selling houses is an agent’s job.

We have the Ellendale real estate expertise to help you find your next home. View our updated Nassau real estate listings for your next dream house.