The time has come to list your real estate property for sale. The reasons someone needs to sell their property are varied. Some people need to move to a bigger home, others have to sell property due to the death of a loved one, and others just need to sell to move to a new town to start a new job. Whatever your reasons are for selling your home, you have two options for doing so.
You have the option of selling your real estate on your own. You also have the option of selling real estate with the help of a licensed, experienced Realtor. The decision to sell on your own or with the help of a realtor is a personal one, however many people make the decision to sell on their own because they believe it will save them money on selling costs.
The less money an individual has to pay on selling costs, the more money they get to keep once the sale has gone through. Real estate agents command a percentage of that sale in commissions. That can add up to thousands of dollars, so it is understandable that someone would want to save that money and put it towards something else such as moving costs.
However, while selling real estate without a Realtor is possible, doing it without the right amount of experience and knowledge in real estate has drawbacks. A probate sale, which is when a real estate sale occurs after a loved one dies, can be difficult and involved. This process can be made much easier when a Realtor is at a seller’s side handling the transaction. Even a more straightforward sale has the potential for complications during the process.
If you are ready to list your property for sale, hire an experienced and licensed Realtor to help you. You will find many agents are willing to negotiate their commission with you, too. Typically, a real estate commission is about 6% of the total sale price. This commission is divided between both the listing agent, or seller’s agent, and the buyer’s agent.
Sometimes, however, an agent finds a buyer for the seller with whom they listed the home. In this instance, the Realtor would get the total commission themselves. Understand that the price paid for commission is often well worthwhile. A professional Realtor knows the local market and knows the best price at which to list your property.
While every seller wants top dollar for his or her home, it is not always possible to get that amount. Pricing your property too high can cause it to sit for a very long time without any offers. The safest idea is to get a Realtor to work with you on your sale.
Finding a realtor is easy. Ask friends and family members for referrals or visit your state’s real estate website to find a listing of licensed Realtors. Realtors are more specialized than regular agents are, but they are worth hiring to get your home.