Selling a home without a real estate agent can help you cut costs, increase the selling price, and avoid a lot of hassle. Listed below are 5 reasons to sell your home without an agent. However, there are a few drawbacks that you need to be aware of before you decide to go down this path. First, you should know what your home is worth in comparison to comparable homes. You can then use these figures to set the listing price.
Reduce costs
Selling your home without a real estate agent has some advantages. In addition to avoiding commission fees, you can do the legwork yourself. A real estate agent handles everything from updating listings to arranging photography. But the best part is that you don’t pay them! Commission fees typically run about 5% to 6% of the home’s sale price. These fees also include a lot of time and money spent waiting for a buyer to qualify.
Increase price
If you’re selling your home without a real estate agent, you may be in a great position to raise the price. While the housing market isn’t static, your real estate agent will know about recent sales and other activity in your area. Additionally, your agent can give you information about comparable sales. Additionally, you may have made improvements to your home since you listed it. These improvements can add significant value.
Avoid Co-op board approval
If you’re selling a co-op, it is important to understand the process of getting board approval and avoiding possible disappointment. Even though you may be the only one in your building, it is still possible to get rejected by the board, and you need to be prepared for it. Here are some tips to avoid co-op board rejection:
Reduce time
Selling your home without a real estate agent has its pros and cons. However, it does allow you to have greater control over the process. You can research recent sales comps online and hire an appraiser to determine its fair market value. Without the assistance of a real estate agent, you will have to price your home competitively in order to attract buyers. A real estate agent will likely encourage you to price your home higher than it’s worth in order to increase your chances of selling it quickly.
Trust a real estate agent
Choosing a real estate agent is a good decision for many reasons. First, they are professionals. They will guide you through the process from start to finish, including the paperwork and any legalities involved. A good agent will also be able to resolve problems quickly and effectively. Second, an agent will be able to help you make the right choice for your situation. You may not be able to do this on your own.
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