• Are Real Estate Agents On Their Way Out? Read This Pointers On When Using a Realtor Is Beneficial, And When It May Not Be Necessary

    A benefit of selling your home by yourself is being able to get back more of the sale from your home because you will not have any commissions to pay. The drawback is that selling a home on your own makes you responsible for knowing and following all of the steps and requirements involved in selling a property. find-a-realtorSo you may be asking yourself right now, “Do I even need one?”

    Although many people think that they need a real estate agent in order to sell their home, there is actually no requirement or law that mandates that you hire on to help you sell your home. However, there are some states that require you to have a real estate agent in order to handle the paperwork that is associated with the closing of the home sale. If you do not know the laws that apply in your state, you should check with your state department to see if you need the help of a real estate agent to close your home sale. See: An Experienced Real Estate Agent Can Save You Time & Money.

    Selling your home by yourself

    Selling your home by yourself is called a “For Sale By Owner.” This can be a great way for you to get the full sale price of your home without having to pay commission fees, but along the way you will probably develop a better understanding of why real estate agents charge the commissions they do. You should be prepared for putting in more time, energy and effort that you think you reasonably should.

    Legalities of selling by yourself 

    In order to properly sell your home by yourself, you will need to learn about the laws of your state that govern real estate transfers. These laws will indicate what kinds of paperwork you will need to prepare as well as who will need to sign what. In addition, you will need to find out what to do if you find that there are any encumbrances that are on your home and how to handle them. Lastly, some states have mandatory disclosure laws that you will need to follow where you will need to disclose certain physical characteristics of your home.


    How to list the listing 

    If you are serious about listing your home by yourself, it is essential that you consider posting your listing online. There are a number of websites around that are dedicated to helping you sell your home on your own. One of the best things that you can do to get your home sale off the ground is to get your home listed on the Multiple Listing Service (MLS). This is a nationwide service that lists homes for sale that are searchable by area, even neighborhood. There are a number of ways that you can get your home listed on the MLS, such as:

    Why using a realtor is beneficial

    Although you may not need a real estate agent, there may be times when you can use a real estate agent to help you. Many real estate agents are willing to help those who are planning on listing their home as For Sale By Owner with many tasks including helping you determine the home market, determining an appropriate asking price, listing your home on MLS, and even assisting in some of the more complex paperwork and transactions.

    If you can find a real estate agent that is willing to help you with some of the smaller tasks associated with your home sale, you may be able to work out a compensation plan for the agent that is more to your liking. For example, you could negotiate a smaller commission, or even agree to pay the agent an hourly fee for each hour that he or she works on your home. sold

    If you come to the conclusion that it is too time consuming or stressful, you can always go ahead and hire a real estate agent to sell your home for you. Although he or she will probably take a larger cut that you may like, it may save you time and effort in the long run. For further reading, see the following article on: Should You Hire a Real Estate Agent to Buy a House?


    Categories: General

    2 thoughts on “Are Real Estate Agents On Their Way Out? Read This Pointers On When Using a Realtor Is Beneficial, And When It May Not Be Necessary

    • Christy says:

      Great article! However, i am concerned with another question. What are some reasons that i SHOULDN’T hire a realtor?

    • Paul Morris says:

      Agents know that they need to spend a fair bit of time with a buyer, especially ones who want to look at a lot of houses. After a while however it’s not worth it for an agent to continue a long search especially if their contract is running out. This is the time when the agent will start trying to convince the buyer to lower their standards and raise their prices. Sometimes this is educational if the buyer has unrealistic expectation, but mainly this is to speed up the process so the agent can get paid. This is one of the largest reasons people don’t trust realtors fully.

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