3 Reasons It’s a Mistake to Sell a Home without a Real Estate Agent

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If you are looking for ways to maximize the equity in your home, then it might seem like a good idea to try to sell your home without working with a real estate agent. But, before you attempt a For Sale by Owner (FSBO), it is important that you understand the potential drawbacks if you don’t have a real estate agent by your side.Mistakes of Selling a Home without a Real Estate Agent

A real estate transaction is one of the biggest investments most people will make in their lifetime. Since so much money is changing hands, a small mistake in the transaction could result in the loss of thousands of dollars. Instead of taking this risk, it is best to have an experienced real estate agent to help.

Here are three common problems that FSBO sellers encounter:

  • Networking: A real estate agent can tap into their network to connect potential buyers and sellers. These personal connections are invaluable if you are looking to sell the home quickly and easily. Other networking benefits of working with a real estate agent include referrals for mortgage brokers, lawyers, inspectors, and more.
  • Home Value: There are many factors that need to be considered when choosing a selling price for the property. Experience plays a big role in this decision, as well as the comparison of other homes in the area. If the price is too high, then the property will be on the market for a long time. A real estate agent can help you dial in the price and implement the best marketing techniques to sell your home quickly.
  • Negotiations: Do you have experience negotiating on contract clauses and home prices? Negotiation is an art, which is why you should let the professionals handle it for you. An agent knows when concessions need to be made and which points you should ask for in the negotiation process.

Before you make the decision to sell your home on your own, talk to us to learn more about the benefits of working with an experienced real estate agent. Contact Lloyd Mize at Harvest Team Real Estate at (951) 551-1677