There are a lot of preconceived notions associated with real estate agents. This is why most people will be hesitant to hire them, regardless of whether they are buying or selling a home. So, if you find yourself in this situation, you may be wondering if you need to employ a professional. Well, the answer to this question is multi-faceted. To understand exactly what you need to do in such a position, consider some of the factors below:
What Is the Market Like?
The first thing that you will need to think about is the housing market. Is it in a favourable position for buyers or sellers? This element is important because it will give you a vague idea of how easy it will be to sell your house. See, if there are a lot of houses on the market but people are in a crunch because of the financial situation, then you will not have many takers. On the other hand, if there are only a few available homes and lots of potential buyers, the competition will be fierce. So, either way, you look at it, a real estate agent can help to tilt the situation back in your favour, thus making them a valuable ally.
How Much Experience Do You Have?
Most sellers and buyers have a rather rosy idea of what selling or buying a home is like. Sellers imagine that it is simply a matter of listing your house, making it look pretty, and waiting for the offers to roll in. Buyers, on the other hand, presume that they will be able to find their dream home instantly. The truth is that the process is a lot more difficult than this. Not to mention, even when you are paired with the perfect seller or buyer, there is so much of documentation and legalities to go through. Therefore, if you don’t have the necessary skills or experience, this can be a long, drawn-out process. Relying on a real estate agent, though, makes all of this go a lot more quickly.
Can You Be Realistic?
As a seller, one of the first things that you will need to do is to figure out how much you want to sell your home for. Now, this is where most homeowners tend to go wrong. It can be hard to be logical about how much your house is actually worth since there is so much sentimental value attached to it for you. So, it is not uncommon for sellers to ask for a price that puts off buyers. Buyers also can have a tough time figuring out whether a house is reasonably priced or not. This is especially true when they are faced with a house that they really like. In such an instance, buyers can be tempted to pay an unrealistic amount, if they don’t have the right guidance.
At the end of the day, the decision resides with you. However, as you can see, hiring a real estate agent is the best move that you can make, regardless of whether you are a seller or a buyer.