Do you really need a real estate agent’s help to sell your home? Maybe not, according to a 2007 paper by the National Bureau of Economic Research . The NBER compared sales of single-family homes in Madison, Wisconsin on a local for-sale-by-owner website with agent-assisted MLS listings and found no statistical difference in selling price.
” But money is just one part of the equation, so ask your agent to help you read the fine print. The highest offer on the table may come with risks that make your contract vulnerable to delays and termination. Your real estate agent will help you sort through the details, but in the end, it’s your decision.
This is the asking price that your real estate agent will list your home for, so make sure you’re comfortable with it. The list price on the listing agreement isn’t the amount you’ll walk away with, though.The actual sale price might be more if there are multiple offers, or less if the home doesn’t sell right away. And although it’s included in the contract, it’s not set in stone. You and your agent can lower the list price of your home if it doesn’t spark any buyer interest. A good agent generally has your best interests at heart. They will help you set a fair and competitive selling price for your home, increasing your odds of a quick sale. If your house is located in an area that does not have many recent local comparable sales, it can be prudent to obtain an appraisal before listing your home to help you market it faster.
There are no rules requiring you to sell your home with a real estate agent. In fact, in 2019 around 11{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} of people chose to sell their property outside of the multiple listing service , listing it for sale by owner . But is selling a property on your own worth the potential cost savings? Learn why you may want to sell your home without a real estate agent and how to sell your home by owner.
Fire safety and external wall cladding Information for owners, tenants, strata managers and real estate agents on the issues of aluminium cladding and fire safety. Strata building bond and inspections scheme Set up to protect home owners and rectify defective building work early in the life of high-rise strata buildings. Choosing the right price is essential to making a timely deal. Your real estate agent can help by running a report that uses the selling price of similar houses in the area. If there aren’t any comparable houses, your agent will use their expertise to price it accordingly. A good real estate agent will walk you through their reasoning and work with you to choose a price.
