Anyone who plans to sell a house wants to cut costs and maximize profits. That’s why many Americans have been more than willing to put their property on the market as a For Sale By Owner or FSBO.
On paper, the thousands of dollars you could save in the transaction is not a joke. Why would you pay someone that huge sum of money if you could do the job yourself, right? Well, this statement makes a lot of sense if you could REALLY do the job. If not, you might end up making several mistakes along the way and, worse, sell your property at a price lower than its current market value, Beehive Real Estate discloses.
The services an experienced commission-based or flat-fee real estate agent in Salt Lake City, Denver, or San Jose brings to the table are priceless. A realtor’s extensive knowledge of the ins and outs of the transaction would keep this complex process even more complicated.
Selling a property comes with a long list of sales and marketing responsibilities. You might have to go through a series of trial and error to know how to do it properly.
You Can’t Negotiate with a Buyer’s Agent
Without having enough experience, the buyer’s agent might eat you alive in the negotiation table. Price negotiation is probably the most important part of the process because it obviously finalizes the amount you’d get. Even if you do well in marketing, falling short on representing yourself against a seasoned broker might make the entire deal one-sided without you even realizing it.
You Might Get Too Emotional
Unless you can handle harsh criticisms of your property, then you’re probably good. But if you’re unable to take disparaging comments about the place you called home for a long time, then you might let a realtor with no personal attachment to your house face prospective buyers.
It’s not always advisable to sell your property yourself because that path is paved with traps and pitfalls. If you’re hesitant about paying a real estate agent, you must know that any reasonable amount is already negligible if it means getting all the bases covered.