When it comes to selling your home you typically have two options. You can choose to sell your home on your own, or you can hire a real estate agent. If you choose to go the real estate agent route, it’s important to understand who they are and what they do, so you know what to look for when hiring one.
The primary role of a real estate agent is to connect buyers to sellers. Most states require real estate agents to be licensed, trained, and regulated. Some real estate agents choose to manage rental properties and find tenants for landlords. In these cases, they help to manage the property on behalf of the landlords. Real estate agents will have access to the home to facilitate showings for buyers who are interested in the property. Real estate agents are hubs for information. While they can represent either a buyer or a seller, it is rare that they will represent both. You may have heard the term Realtor before. However, not all real estate agents are Realtors. Realtors are members of the National Associate of Realtors and must meet certain requirements in order to use the title. Realtors must abide by a code of ethics and may have special educational opportunities available to them as members of the association. When looking to hire a real estate agent you may want to consider finding one that is a Realtor.
A common question that sellers and buyers have is what do real estate agents charge. Agents commonly charge landlords a commission for rental properties and they charge the seller a commission on sales transactions. The agent’s commission fee is typically calculated into the selling price of a property or the monthly rent on a rental unit.
Another question you may have about real estate agents is why you should use one. Some people choose to sell their home by owner and can occasionally be successful in doing so. However, using a real estate agent will help to protect you. Real estate transactions can be intense as they are highly regulated and require loads of paperwork. A real estate agent will have been educated and trained in all of the pertinent rules, laws, and regulations, as well as the necessary paperwork and documentation to complete the transaction. Additionally, they know the local market and current pricing trends as well as the price range for a variety of property types in several locations throughout the area. With this extensive knowledge, your agent can help you list your home at a competitive price. Real estate agents typically get sellers a few thousand dollars more for their property than if they were to sell it by owner.
Before you list your home for sale, consider hiring an experienced real estate agent to handle all of your needs and help you get the price you want for your home.