Many homeowners have chosen to bypass the real estate agents in selling their houses for good reason. If you cut out the agent, you can save an average of 6% of the asking price as the agent’s fee. It also goes without saying that if you take out the agent’s fee from the asking price, you can set it for a few thousand of dollars less making the price more competitive. Competitive price means a quick sale.
Some people have become successful in selling their houses on their own however; this path may not be for everybody. If you want to sell your house, you have to know what are the tasks involved in the process. These are some of the responsibilities that an agent will do for you:
- Perform market analysis and comparable studies for home values. A good agent knows the market trends which plays an important role when you want to find a good deal in as little time as possible.
- Recommend a fitting listing price. Most homeowners failed in this aspect. As the owner, you would normally think that your house has more appeal than the others. It is because you have emotional ties to your house which will increase its value in your mind.
- Arrange for viewings and open houses. Most buyers have difficulty envisioning themselves in your house. That is why they would want to see it first before they decide to buy. An agent is most useful in this area if you don’t have the time to meet prospective clients.
- Advertise your house. Regardless of how well you prepare your home for the sale, you will not close a deal if buyers do not know that is available. Agents have access to multiple listing sites and have accumulated a network over time which can greatly help your cause of reaching prospects.
The list above does not stop there. As you take a closer look at the processes, you will soon realize that there are even more critical tasks that you did not even think of. Sounds like a lot? There’s no need to worry. You can still save a few dollars more by selling your house to a private investor.
Lucas Properties, a private investor, buys houses with cash. They buy houses in any condition anytime.