Selling your house is one of the major decisions you will make in your life. There are various reasons why people sell their houses. Some of them have properties that are not occupied and are choosing to turn their land investment into money. Others plan to move to other locations and want to sell the house to pay for their new home. The primary reason from most of these situations where people are compelled to sell their home is to have the money. With regards of having the best deal in selling your house, it's important to decide whether you will hire a real estate agent to assist you in auctioning your property or just sell it on your own.
To help you decide on hiring a real estate agent or direct selling your house, here are some pros and cons of both options so you can determine which to choose:
ADVANTAGES OF SELLING ON YOUR OWN
· You can make more money selling your own property. You don’t have to allocate a certain figure to pay the realtor since you will be the one talking directly to potential buyers and close the deal on your own.
· You can focus on selling your property. You can devote all your available time and effort to selling it. When the potential buyer wants to view the property, you can immediately agree on the schedule and you don't have to go through different channels and wait for the response.
· You have full control on the sales of your property. You have the full authority in managing the selling process, including the marketing, pricing, and negotiations.
The Disadvantages:
· The financial benefit may not be as much as you imagined it to be. You may not really know how the pricing works for your property so you may not be able to get a high price for your home, as opposed to hiring a real estate agent who knows how to market your property to the right buyers. A professional realtor knows how to price your property competitively and negotiate it according to the value of your house.
· It might take a long time to sell the property since marketing your own house is not that easy, especially if you don’t have an established network. Realtors usually have a wide network and connections to spread the news about the property you are selling. Hence, the selling process may speed up.
· Selling your house is indeed a hard work. It is not like selling products online where sales are done within a day. A house is a major property so potential buyers really need to think about it a lot before saying yes to the deal. Hence, if you are not a professional and an experienced realtor, you might find this task tedious and stressful.
Why should you hire a real estate agent?
You will benefit a lot from hiring realtors because they know what they are doing. They know which channels to go through and what networks to reach out to so that they can find buyers that will be interested in purchasing your house. Moreover, real estate agents also know how to market your property properly, including the legal processes involve in the sales procedure. Thus, if you want a stress-free process, it would be better to hire a professional realtor. It will take a lot of work off your shoulder.
To have the best deal, you can choose from the variety of local agents within your community. Compare their rates and history of selling in your area so that you can single out the best agent who you think has a rate that is within your budget and a service that will sell your home for the best price.
