During what may be one of the biggest transactions of your life, you may feel that acting as your own seller’s agent will lead to a great deal of savings. While this may be true in some scenarios, during the process you will undoubtedly realize why realtors charge the commission they do.
Selling a home is a full-time job and requires a plethora of knowledge. But do ask yourself “Do I need a Realtor to sell my house”? Here are some of the many reasons you can benefit and in many case profit more from using a realtor to sell your home.
Exposure
Real estate agents have top notch marketing collateral at their fingertips, providing you and your listing with ample exposure to the people seeking to purchase a new house. Agents use proven selling systems and will have a wide internet exposure that exceeds the exposure you would have using Craigslist, Kijiji or other websites for listing sales. Agents also have the knowledge from market data and previous sales to position your home at the highest listing price which will help you net more on your bottom line.
Protection
Real estate paperwork is very detailed and it is challenging to take on the responsibility of understanding all the terminology and regulations. When selling a home, you have legal responsibilities which, if not considered, can lead to tough situations and potentially even legal action. You can protect yourself from making a mistake that could lead to trouble by having a real estate agent advocate for your best interest and take care of the complicated paperwork.
Network
When it comes to selling a house, real estate agents have a vastly larger network than you do. This network will allow for easy, trustworthy access to the people and businesses that will help you sell your house efficiently. Agents can point you in the right direction towards a reliable mortgage broker, an honest lawyer or a great home inspection company. Most agents have a list of people they have worked with for years and this can save you a lot of time and energy.
Emotions
Selling a home is typically an emotional process. Being the homeowner, it is quite difficult to keep your emotions out of the sale. Having to deal directly with rejection or feedback may be difficult for a seller. Agents are able to take the feedback and put a positive spin on it to lessen the blow. They will remain honest with you but they will give you direction on how to improve your house so it shows best.
Negotiating a sale can be tricky and sometimes awkward. Agents are comfortable with this process and allow you to avoid the entire negotiation. A real estate agent will handle offers professionally and can communicate well without showing a sense of desperation or eagerness.
There are no requirements by law that mandate you to use a real estate agent when selling your home, but the advantage that an agent can bring to the table almost always outweigh the commission they charge. The know-how, connections, professionalism and support a real estate agent provides you during one of the most important transactions of your life will give you immense peace of mind while you are likely achieving the highest sale price possible for your home.
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If you are seeking advice on selling a home in the Ottawa area, or have more questions for us, we are happy to provide you with helpful guidance and support. Email us at info@buyandsellottawa.ca or call us at 613-590-3036.