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Should I Work With An Agent To Sell My Home?

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By : Anthony Flores    99 or more times read
The economy is down right now, and that has to do with events that have taken place in the real estate market. Many people feel that they are going to be able to save thousands of dollars in commission by selling their house on their own, rather than using an agent, since most agents take about two or three percent of the final sale price from the seller. Here are a few reasons why it may prove to be more financially sound to sell your home with the assistance of an agent, rather than doing it on your own.

First of all, agents have more means of advertisement than you do. They have access to the multiple listing service (MLS) and different online advertisements. Firms are also excellent at hosting open houses, as well as have a huge online database of potential buyers that they can send out blast advertisements to. If you do not advertise your house correctly from the beginning, then it could lose you money every month it is on the market. An agent can ensure that your home is being marketed correctly.

An agent also has more experience in the real estate business than you do. The home buying and selling process can be a confusing one, with many exact steps and processes that require concise information. Without the assistance of an agent, and unless you know the process well, there is a good chance that you may wind up missing out on opportunities and time that can have been utilized had you used an agent.

The last, and probably most important reason to use a real estate agent when you are selling your home is because of the prices that your house, will more than likely, be sold for if you do. By allowing a selling agent to do what he does best, which is sell, there is a good chance that your home will sell for more than if you tried to sell on your own, more than covering the commission that the agent took for his services, and potentially adding thousands of dollars to your final sales price.

So, even though I understand the logic behind wanting to sell your home on your own, I would not recommend it. Even if you avoid paying the agent a commission, you may wind up losing money from several different avenues, costing you more at the end of the selling process. By utilizing an agent and his (generally) vast resources, you are more likely to experience a more timely and enjoyable experience selling your home.
Anthony Flores is a real estate, investment, and mortgage consultant in Riverside Ca.

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