So, you have decided to sell your home but you are wondering whether hiring a real estate agent is really necessary. After all, if you sell the home on your own, you get to keep all the money! What you don’t realize is that real estate agents exist for a reason. Kansas City real estate agents can help you navigate the complicated property market. They are worth the money you pay for them. Here’s why you need to hire an agent.
Real Estate Agents Sell at Higher Prices
When you have spent so much time and energy trying to make your home profitable, it should fetch the highest possible price. But if you decide to go with the For Sale by Owner (FSBO) option, that may not happen.
While it’s true that you will keep all the money you generate by selling a home by yourself, the price may be much lower than you expect. One report shows that real estate agents can sell a home for as much as $65,500 more than FSBOs. Even when you factor in the agent commission, the amount of money you have left after selling through an agent is more than what you keep when you sell the average home.
So, hiring a real estate agent is more of an investment. You will get higher returns despite the cost of hiring a professional. And isn’t money what counts in the end?
Real Estate Agents Save Your From Legal Complications
Kansas City, like any other place in the U.S., has its fair share of county, state, and federal laws that govern it. Unless you are a lawyer specializing in real estate matters, you probably don’t know all the necessary legal requirements that you need to undertake when selling a home. And that can get you in serious trouble.
Where do you even get started on writing up the paperwork that will be used in the purchase agreement? Are you aware of any recent changes in the law? What about the legalese? Do you understand what each real estate buying or selling term means and how it affects the sale of your home?
You need to realize that if you make any mistakes in the paperwork you create for selling a home, it’s all on you. The buyer can sue you and win because you did not do due diligence. The last thing you want is a lawsuit on your hands.
Real Estate Agents Do the Marketing for You
What do you know about marketing a home to the right potential buyers? Do you have what it takes? Do your have the connections and resources?
Unlike you, real estate marketers know how to sell a home. It is what they do daily and they are quite good at it. Otherwise, they would not be in business. So, they are responsible for listing a home, getting it staged, and showing it off to potential buyers.
Your real estate agent may also know another agent who wants the kind of home you are selling. That means you get to sell your home much faster with an agent’s help than on your own because agents are not starting from scratch. You are free to concentrate on other things – like running your business or planning for relocation.
It’s a Win-Win
Think of real estate agents as an investment. While there is an initial cost to hiring them, they will bring in higher returns in the end. And you can sell your property faster and for a higher price with minimal headaches. What’s not to like about that?