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Pros and Cons
Home » Real Estate » For Sale by Owner vs. Hiring a Realtor » Pros and ConsHiring a real estate agent to sell your home is a decision that will usually be based on several different factors such as whether you have time to sell the house yourself as well as whether you are willing to take on the responsibility of putting your house on the market FSBO. Listed below are some of the pros and cons of listing your house with an agent:
Pros
• The realtor is responsible for showing the house to potential buyers.
• The realtor facilitates all open houses done at the home.
• Realtors pay for all advertising for the home as part of their commission so none of that falls on the home owner.
• Aide in pricing the home.
• Not having to worry that the proper steps are being taken in all aspects of the selling.
• Knowing that you are protected against future lawsuits by the buyers due to the selling of the home being conducted incorrectly.
• The realtor does all the leg work involved in contacting mortgage brokers, inspectors, and appraisers in order to make sure all necessary things happen for the closing.
Cons
• Paying the agent a commission that in some cases is as high as 7%.
• Having to make sure your house 100% clean and picked up at all times in case realtors just pop by to show the house. Often times there is not a lot of time between the time you are notified the house will be shown to the time they actually show up. Realtors either your agent or agents from other companies that will be showing your house can call as little as 5 to 10 minutes before bringing potential buyers to show the house.
Related For Sale by Owner vs. Hiring a Realtor Articles
- What does For Sale by Owner mean?
- Pro's and Con's of Listing a Home FSBO
- Things to Keep in Mind if selling a home FSBO
- What exactly is a Real Estate Agent?
- Pros and Cons
- Tips to remember when Working with an Agent