![]() ![]() You’ll also have to factor in the inconvenience of scheduling your life around showings and stagings. The mortgage, insurance, and utilities are still going to be due during the time your home is on the market. While you’re waiting around for your home to sell, you’ll still have to pay your bills. ![]() From start to finish, the home sale often takes from three to 12 months, depending on market conditions. Working with an agent often means a slow selling process. While 6 percent of your home’s selling price may not seem like much, it adds up. First on the list: costs associated with commission and fees. They’re charged with looking out for your best interests and providing expert advice and assistance throughout the process.ĭeciding to list with an agent also comes with some cons. This network, as well as access to the MLS and other professional marketing tools, means better exposure for your home.Īn agent handles closing paperwork, ensuring rules and regulations are followed. They’ll understand home values in your area, so you can typically list your home at a more accurate price.Īgents may also have local connections to help find potential buyers. The advantages of working with a real estate agent include local market knowledge. Like most options in life, work with a real estate agent has its pros and cons. They will also complete the closing paperwork. Real estate agents are charged with the negotiation process, helping you get the best price. When a potential buyer shows interest in your home, an agent will organize showings. Brokers and realtors use the MLS to share information on the properties they represent. A professional agent has access to the Multiple Listing Service or MLS, an online tool that helps get maximum exposure for your property. Sometimes, these costs can be taken out of the price of the sale as a fee.Ī real estate agent will list and market your home. Usually, the home seller must pay for staging expenses upfront. That means you need to do your research and find a real estate agent that will work for you because unfortunately, a bad one can cost you in money and stress! Working with an agent represents a significant investment of time and money. In most cases, home sellers must sign an agreement stating that the property will be listed exclusively with an agent for a certain period of time. Commission rates aren’t set by law, so that means they may be negotiable. Keep in mind that this rate isn’t set in stone, and may vary depending on the local market. Often, the seller’s agent and the buyer’s agent split the commission. The home seller will have to pay half, if not all, of the commission depending on what is stated in your contract. That means if your home sells for $200,000, a 6 percent commission totals $12,000. Typically, an agent’s commission is 6 percent of the home’s final sale price. In exchange, they receive a commission fee. When you hire a real estate agent to sell your house, they are responsible for the work involved with listing, marketing, selling, and closing the sale of the home for you.
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