Why Work With An Agent
Why work with a Real Estate agent?
- When a seller chooses to list “FOR SALE BY OWNER” it more often times than not attracts buyer who are only concerned about one thing: And that is price. Your buyer pull mentality attracts people who will offer you a much lower price then your home may be worth when listing with a credible Realtor.
- “FOR SALE BY OWNER” properties also lack marketing. Working with an agent gives you access to the largest and most powerful real estate platform in the industry, The MLS (Multiple Listing Service). This platform allows other agents who are representing buyers a full description of the property, including tax reports and important disclosures not available on other 3rd party websites like Redfin and Zillow.
- Negotiating is an industry skill that can add a huge amount of value. A successful agent can save or make you a ton of money by being able to execute in a high pressure, high dollar amount negotiation. When you are unfamiliar with the art of negotiation then these moments can be intimidating and can often be mismanaged if you have zero experience. A failed negotiation can lead to a large amount of value loss that far exceeds an agents commission.
- You simply don’t have enough time. A decision to buy or sell real estate should be taken seriously and is a full time job if you want the highest and best results. For most people it is the single largest investment they will make in their life time. A successful and trusted realtor is constantly looking for properties as a buyers agent and looking for sellers as a listing agent. They are constantly communicating, running interference between serious and non serious buyers or sellers, looking into zoning issues, liens, planning inspections, dealing with title, escrow, and appraisers. Do you believe you are able to successfully allocate time to getting all these things done yourself? I would assume not.
- Many real estate agents work with both buyers and sellers, and so they have access to high-quality home-seekers on the other side of the equation who may be the perfect fit for your home.
- A study by the National Association of Realtors shows that 82% of homes are sold via realtor contacts.
- On average If you think you are going to save money selling or buying yourself, you aren’t, it’s in the numbers. Here’s a quick credibly sourced national statistic in regards to selling without a realtor:
- “FSBOs accounted for 8% of home sales in 2018. The typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales.”
Source: 2020 National Association of REALTORS® Profile of Home Buyers and Sellers
