If you are thinking about selling your home then you may be debating whether or not to use a realtor. You may be wondering if the commission you would pay a realtor is actually worth the cost. The reality is that you can try and sell your home on your own in order to save on commission. But, in an attempt to save on commission, you could end up losing money if your home sits on the market because it is overpriced or underexposed. In order to make a decision, you need to understand what a realtor will do for you throughout the home selling process.
Help you price your home appropriately
Getting your home priced appropriately is of paramount importance. This is because pricing it wrong can have major consequences. Pricing too low will likely get your home sold quickly but you will leave money on the table. Pricing too high could result in your home staying on the market for an extended period of time. A realtor knows how to use information about properties that are on the market or recently sold to come up with a price that is appropriate for your house and your area.
Give your listing exposure to potential buyers
A major advantage of listing your home with a realtor is the exposure the listing will receive. Realtors are generally members of a multiple listing service (MLS). The MLS is one of the places your realtor will post your listing. Other agents who are a part of the MLS can enter in parameters and do searches for their clients. It is one of the major ways that agents find listings to show their clients. Realtors also use other methods for getting your listing noticed such as posting your listing on other websites, sharing it on social media, and reaching out to other agents.
Represent you throughout the negotiations
Your realtor is your advocate throughout the home selling process. They will interact with the other realtors and potential buyers on your behalf. As a realtor, they are committed to doing only what is in your best interest throughout the selling process. They will present you with any offer you receive on your house. If you choose to negotiate, accept, or reject an offer your realtor will present that to the potential buyer or buyer’s agent. Using a realtor to help you sell your home puts an expert in your corner during one of the largest financial transactions of your life.
The bottom line is that a realtor will help you get your home priced appropriately and exposed to potential buyers in your market. Then, as potential buyers come with offers, your realtor will help you navigate the rest of the negotiation and selling process. These things can help maximize your chances of getting your home sold quickly and for top dollar.