Selling a home in Akron, Ohio or anywhere in the country without a real estate agent might have the potential to save you money, however, the risk for added cost as well as headaches far outweighs the chance of saving some money. Here are five reasons you are best to get a real estate agent to help sell your home in the Greater Akron, Ohio area.
An agent’s full time job is being a liaison connecting buyers to sellers. A home seller without a REALTOR® may be left out of the loop, so to speak. Agents communicate with each other about what houses are available and what buyers are currently looking for. By selling your home yourself, you will need to find a way to reach potential buyers. Buyers also may have difficulty finding your home, unless they drive past and see a sign which offers a very small pool of people. Those looking to buy a home often have the same questions, and therefore you will spend time each day answering the same questions; potential buyers can call you anytime and are likely to move on if they don’t receive a prompt answer. You also set yourself up to rush home to show someone your home, canceling other plans, just to have no one show up. Real Estate agents know the questions to ask to ensure the person coming to see the home is actually interested and part of their job is showing homes, unlike what your job probably is.
2. Negotiating Is Difficult
Many people feel direct negotiation is easier and more transparent than going through REALTORS®. This is true, if both parties are being reasonable and get along. After answering a slew of ‘pointless’ questions like how large the closet space is, you may or may not want to be kind to a potential buyer, especially when they try to knock 50 thousand dollars off your asking price. A real estate agent who represents you can take your often emotionally charged and unkind words and phrase them politely to the buyer’s agent who then phrases the rejection in a way that is likely to get another offer rather than causing the buyer to walk away. Agents keep their client’s best interest in mind despite emotions, which is a large factor in home sales. This often results in a the best outcome possible for both parties.
3. Contracts Can Be Complex
When was the last time you read every word of the “terms and conditions” section of anything? If you have, did you understand it all? Whether you are buying or selling, the contract ensures that you can back out if certain conditions are not met. Experienced REALTORS® know which conditions should be used and which are irrelevant to your situation. Agents also ensure that the contract is completed correctly and with the proper terminology.
4. Real Estate Agents Are Honest
By law, that is, any licensed real estate agent is under an agency agreement as well as common law, which binds them in a fiduciary relationship. In common terms, your agent is bound by law to act in your best interest. Most REALTORS® rely on referrals as the common person does not buy a home every six months. Making a client happy means that they will tell their friends, which increases the agent’s chances at a new client. This makes it logical for the agent to be honest. In addition, should the seller find the agent knowingly lied about anything there are multiple paths for recourse, which can include the agents loss of job, money and depending on the severity even jail time.
5. Only One Party Saves Money
Unless the involved parties decide to split the commission of the agent they didn’t hire, only one of them will save money. When you consider the headache and cost already involved in selling your home without an agent do you really want to risk losing even more money?
When you get into a tight situation, it pays to have a professional on your side, home sales offers the potential for many pitfalls that an experienced real estate professional will avoid. Selling your home without a real estate agent may or may not save you a few thousand dollars, but it could also cost you tens of thousands if you make a mistake.
If you’re thinking about selling your home in the Greater Akron or surrounding areas and have questions about what services a licensed real estate professional can offer, please do not hesitate to contact me. I am always happy to discuss your options with you.