Many of us often wonder whether it is a good decision to hire the services of a real estate agent to sell a house. This is often quite debatable as it depends on a number of factors and the answer might be different in different situations. One example could be if someone lives at a place where it is not possible to search for a potential buyer or even a person is not good at exploring then he could talk to a real estate agent to help in searching for a potential buyer. Contrary to this, if it is easy to get offers from the interested buyers then it is useless to employ the services of an agent.
There are a number of advantages as well as disadvantages of selling a house without a real estate agent. The main advantage of selling without hiring an agent is that one can have complete control in the pricing and marketing of the house and there will be no need to share or pay anything to the agent. The marketing costs are also reduced due to no involvement of the agent. One can be in direct touch with the buyers and this helps in talking to them freely while negotiating prices.
There are also some disadvantages of selling a house without an agent. The home owners would obviously have an emotional attachment with the house because of which they might not be completely honest in fixing a price for the same. They are quite likely to value their home more than the others and this could be a major disadvantage. Pricing decision is only accurate when one tries to look at the property and evaluate it from the buyer’s point of view.
Not everyone is good at marketing and negotiating prices. If this is the case, then one should not aim to sell a property on their own and should hire an agent. One should have complete knowledge of taking a deal to the final stage and closing it successfully. If this is not possible then not hiring an agent will be more of a disadvantage and might also give rise to some legal issues.
All of the above factors must be considered before taking a decision regarding whether or not to hire an estate agent to sell a house to ensure one gets a good deal.