A major concern for home sellers is whether you can list and sell your property on your own or whether you get the help of a REALTORⓇ to oversee the sale.
Let’s check some of your possible questions:
Do I need to hire a real estate agent?
There is no law that decrees that you should hire an agent to be able to sell your home. However, there are several states that entail you to get the service of a real estate agent that will take care of the technical stuff such as paperwork associated with the closing of the home sale, etc.
You may visit this website to find out the applicable law in your state or contact your state department.
Not only can agents provide the information on local home sales that you want to see, they can also bring assets to the deal that come from years of watching waves of contacts in the neighborhood.
Here are my 4 suggested steps:
- Narrow down your neighborhood searches. Jessica Lautz, managing director of survey research and communications at the National Association of Realtors said that people want to find an agent or broker who’s honest and trustworthy because it is likely the largest purchase they’re going to make in their life. Narrowing your searches can help immensely with your agent search, and ultimately, your home search. You need to be specific in what you’re looking for. This will determine your chances of you finding someone whose experience in a particular market aligns with your desires.
- Ask for referrals. According to NAR’s 2016 Profile of Homebuyers and Sellers report, 42% of buyers opted to use the agent referred to them by friends, neighbors, or relatives. For first-time buyers specifically, 52% also relied on referrals. Lautz emphasizes the importance of a referral from someone. This can go a long way and eliminate time spent vetting someone on your own.
- Check their real estate history. When your REALTORⓇ has been referred to you, vet their experience and reputation by asking their previous clients about their working experience with them. Make sure you consult everything that you need to do with someone you trust although we all know that in the end, the owner has the last say.
- Choose a REALTORⓇ. A REALTORⓇ is obligated to put the client’s’ interests ahead of their own. He or she is also required to make full disclosure about the problems with a property and be truthful in advertising. (Source: National Association of RealtorsⓇ) REALTORSⓇ have high regard for the code of ethics so trust is established and you know you are in good hands. The best way to determine whether an agent is on your side is to ask if they’re whether they belong to the National Association of Realtors, the largest group of real estate professionals in the country with more than 1.2 million members.
They are bound by a code of ethics and guarantee you a credible experience when it comes to selling or buying your property.