Reasons to Sell Your Home Through an Agent

When there is a sale by the owner without an agent representing him, it is known as FSBO or For Sale By Owner. Generally, the commission charged by the estate agent is about 6% of the total sale cost. Since this comes to a stunning total and you may prefer to sell it yourself without a broker and save the money. However, it is always advisable to go ahead with an agent representing you. Let’s take a look at some of the reasons.

It is possible that an agent may not be interested in showing your property to their clients. So, when the sale is made by the owner, they don’t have the proper guidance and the experience of the agent. An FSBO transaction is generally discouraged by the broker as they tend to lose their commission money. This is why FSBO sellers are not practical and are often unreliable and difficult to deal with. Sometimes the buyer’s agent shows the properties as long as the agent is given in writing that he will get his commission when he shows an FSBO home.

No emotions: Don’t be emotional while selling your house. If you are represented by an agent, then he will handle all your aspect of the sale. His experience will get you the right price. Getting attached emotionally might end up giving you a loss as you may overprice. An agent will be able to speak directly to the buyer and answer his questions which you may not be able to do.

Not a full-time job: Since selling a house requires being in constant touch with the buyer, you may not be able to do that. You might not be available when the buyers want to see your house. Since this is a full-time job for the agent, they will act on your behalf and be available throughout the day to close the deal.

Larger network: Selling your house through agents enables feedback from them. They use their relatively larger network to get you a good price.

Restricting search: Instead of you searching for prospective buyers, your agent can do this work more efficiently and in less time. The agent is experienced enough to handle the customers smoothly. The FSBO sellers do not have the experience do this skillfully.

Negotiating a sale is difficult: It is a very difficult task to negotiate a deal. If you are not represented by a qualified person, negotiations to close the deal becomes difficult. You will not be aware of the defects in your house, but the agents will, as they are qualified and experienced in the buying and selling game. Once the defects are set right, the chances of selling increases significantly.

Risk of being sued: Since selling needs lots of legal documents to be signed and formalities to be completed, it is better to have an agent look after your property. The agreement needs to be drafted in a proper manner. It is the seller’s responsibility to reveal all legal facts

Whether you’re looking to buy or sell in the Kamloops area, for a greater probability of success you need a dedicated professional. I can guide you through the process and be counted on to protect your investment!

Categorised in: Kamloops, Real Estate, Sellers, Sellers

This post was written by kamloopshomesearchcom