Are you thinking of taking the traditional route to sell your home – that is, by going through a real estate agent? You definitely wouldn’t be alone. Every year, millions of people around the nation trust real estate agents to handle both property buying and selling transactions.
But here’s a question that you might not have the answer to: What does a real estate agent actually do? If you’re going to pay 6% of the sale price of your home as commission to this person, then you should know exactly what services to expect from them.
So without further ado, here’s a quick overview of the roles and responsibilities of real estate agents.
Reviewing Your Home
The first thing a good real estate agent will do is research your property and visit it in person. They’ll also review recent sale prices of comparable homes nearby to get a sense of the market in your area and to help determine a good price point.
Listing Your Property
Once you’ve agreed on a selling price based on their research, the agent will list your property on the MLS. A good agent will be sure to use professional photos, and they will also encourage decluttering, cleaning, and maybe even staging of the home before photos are taken. They will write a compelling and accurate description of your home and other assets like school district, proximity to parks or main travel routes, and other perks of the property.
Market and Negotiate
Once the home is listed, the agent will act as your liaison to potential buyers. They should manage showings and maybe even hold open houses to generate interest from shoppers. They’ll also bring you new offers and negotiate selling price and terms on your behalf.
Inspections and Closing
Finally, the agent will make sure to orchestrate all of the necessary inspections and appraisals, and they will help at closing as all of the final paperwork is completed for the sale of the home.
Most sellers don’t have time or expertise to do any of those things, so paying an agent is a no-brainer. Occasionally, going for-sale-by-owner and acting as your own a real estate agent is a better, less costly option.
There is also another way. To keep things really simple, you could sell your home to a professional home buyer like Mitten Made Properties, where we buy homes as-is, fast, for cash. We even pay all closing costs and we close in as little as two weeks!
Give us a call at (248) 883-3340 to learn more and compare the bottom lines of each method. Whatever option you choose, good luck selling your home!