Selling Your House in Colorado Springs – Is an Agent Really Necessary?

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Written By Berry Mathew

Selling your home is just as challenging as buying one. We all have different routes we take when it comes to selling our homes. Some choose to hire a real estate agent, while others choose to sell their home independently. Whether or not you need an agent depends on what you know, who you are, what you are selling, and who you are selling your home to.

An agent will not only help in selling your home but also help you get the best value from the sale of your house. However, real estate agents earn commissions of at least six percent off your home’s sale price. Rather than part with thousands of dollars, you also have the option of selling your house yourself.

But, there are instances when hiring an agent might be completely necessary and others when hiring one isn’t required. This content will highlight when hiring an agent isn’t necessary and when it’s necessary. Let’s dive in!

When Should You Not Hire a Real Estate Agent?

Transfer Between Family

Transferring your home to a family member might not be considered selling as much as passing on your home. While this process does come with plenty of I’s and t’s to cross, you don’t need an agent to help you. If all you have to do is change the name on the house’s title, you can do so with the help of a title company efficiently and quickly.

If You Want a Quick Cash Offer

Sometimes as a homeowner, you may want to sell your home as soon as possible. Rather than have to part with thousands of dollars from repairs and agent commissions, you can always sell your home to a cash buyer. One disadvantage of a quick cash offer is that it may be lower than your home’s value.

Some homeowners account for this difference by cutting out the real estate agent. This option can work well for you if you have read through the contract.

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A Transaction Between Investors

Selling and purchasing a home between experienced investors doesn’t require the help of a real estate agent. Rather than pay real estate agents thousands of dollars, you can save up on the commission for later and handle the sale yourself.

However, if one party requires advice, you can consult a licensed agent at a low cost.

When Should You Hire a Real Estate Agent?

Here are several instances when hiring a real estate agent becomes necessary.

When You Require Local Market Expertise

Knowing where you live is a lot different than having an in-depth knowledge of your neighborhood’s real estate market. Hiring a real estate agent comes in handy if you require local market expertise. A real estate agent will speed up the sale of your home as they have information at their disposal that will help expedite the sale of your home.

Pricing Strategy

If you aren’t sure about the pricing of your home, hiring an agent can prove to be the solution you need. A real estate agent can help you price your house correctly. They can also help you arrive at a reasonable and attractive price for local purchasers.

There’s a lot that goes into your home’s pricing strategy. From comparable properties to local market conditions in the neighborhood, with the help of a real estate agent, you can get a pricing strategy that will attract buyers.

Marketing Prowess

Apart from all the knowledge and expertise a real estate agent offers, they also have outstanding marketing prowess. They know how to make your property stand out by taking photos that give your home a unique outlook. Real estate agents utilize the latest online real estate platforms and digital marketing techniques to give your home exposure and visibility.

Selling your home is more than just setting up open houses for prospective buyers to visit the home. It’s also about good marketing. An experienced real estate agent can utilize several techniques and methods to ensure your home gets buyers to the door.

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When You Require a Buyers Network

Selling a house requires more than the people in your contacts. And when you don’t know where to get prospective buyers, a real estate agent can help you acquire the network you need. Rather than spend thousands of dollars on renovations, videos, or home staging, hiring a real estate agent can grant you access to a pool of buyer prospects.

One of the major decisions you will have to make when selling your home is whether you need to hire a real estate agent. Well, based on your current needs, you can decide if hiring an agent or selling the house yourself will provide you with the solution you desire.