1. An agent could increase the potential profit
Some people avoid using an agent to make more profit on the sale, however, statically, agents often achieve a far higher selling price than homeowners selling the home themselves. In an attempt to avoid paying commission, sellers are sometimes leaving money on the table during the negotiation.
“Often the selling price an agent achieves is enough to cover their commission and more. How do agents do this? They have the experience and resources to price the home appropriately,” says Goslett.
Studies show that if homes are correctly priced when listed, they will sell faster and for a better price than those listed at overinflated prices.
2. Agents save time
It is a relatively quick process to list a home online, but that isn’t where the sales process ends. A lot of time is spent dealing with potential buyers, home inspectors, and appraisers. It is an agent’s job to handle all of these things so that the seller doesn’t have to.
An agent can also screen potential buyers, help sellers to prepare for home inspections and ensure that the whole sales process is handled efficiently.
3. Negotiation skills
Agents make deals and negotiate every day of their lives, so it is likely they will get a better deal for the seller than they would themselves. A property sale is probably one of the biggest deals that a seller will make in their lives, so why not use a seasoned professional with honed negotiating skills?
Listing the home with an agent also means that the seller will get the agent’s marketing power, access to their network and connections.
4. Using an agent lowers the seller’s risk
Making a mistake while selling a home could mean dealing with the possible legal consequences. Selling a home is a complicated endeavour that involves a lot of paperwork that needs to be filled out correctly. An agent will know the ins and outs of what is required and how it needs to be addressed.