Now that you’ve decided to sell your home, your next dilemma may be whether to hire an agency realtor or one who acts independently. Since you want maximum dollars for your property and want to see it sell as fast as possible, both types of realtors offer certain advantages and disadvantages. To know which will be best for your situation, here are some pros and cons to consider.
When you hire an independent realtor, you may be able to get a bit more personalized attention for your property. In many cases, an agency realtor may be juggling numerous clients at once, meaning they have a limited amount of time to spend on your situation.
In-Depth Market Knowledge
Since there will be plenty of other properties on the market that are similar to yours, relying on an agency realtor may allow you to work with someone who has an in-depth knowledge of the local real estate market. If they have worked at their agency for many years, they no doubt know which types of properties sell the quickest, how much you can reasonably expect to get for your home, and how to get deals closed as quickly as possible.
Negotiating on Your Behalf
When using an independent realtor, you can have a professional who will be able to negotiate with potential buyers on your behalf. A key component of closing many real estate transactions, agents can help in negotiating closing costs, who will pay for any repairs that need to be made, and other crucial aspects of the deal.
Assisting With Paperwork and Red Tape
No matter which of these types of realtors you use, both will be able to help you navigate the seemingly endless amount of paperwork and red tape that accompanies selling a home. If there is one thing you don’t want to see happen, it is thinking you have a deal with a buyer, only to see it fall through at the last minute due to a paperwork error or legal red tape. Realty agencies, like BHHS Towne Realty, will be very familiar with the legalities of purchasing and selling a home.
While some people choose to go it alone when selling their homes, this is often not recommended for various reasons. Whether you choose to work with an independent realtor or are more comfortable hiring an agent from a well-established company, you will be setting the stage for success. From negotiating a fair price for your home to saving you time and stress by explaining details of contracts and other documents, an experienced realtor can be helpful in many ways.