When money is tight, it’s tempting to save a buck by DIY-ing every area of your life—even the areas where you shouldn’t. One job you should always leave to the pros is that of a real estate agent.
Real estate agents make their job look so easy, so it must be a simple enough job for you to do–right?
It’s easy to think that by saving money on agent fees, you’ll pocket more of the cash and all will be well. It’s important to remember that real estate agents have a job because they are good at what they do. NAR (National Association of Realtors) reported that homes sold with a real estate agent averaged $235k while for sale by owner homes only sold for an average of a little over $208k. That’s a 13% increase! Thirteen percent is far more than the average real estate agent’s commission, so you still walk away with more money from the sale of your home.
Sellers, don’t be nervous when an agent won’t come down on their commission. Agents who value the hard work and dedication to each home they sell are the agents you want to hire. A 1% increase in commission could get you tens of thousands more for your home; if the agent is good, it’s worth it!
The best way to find a great agent is by asking for a referral from people you trust who have recently sold their home in the area. Don’t know anyone who’s moved recently? No worries! Here are some things to look for when hiring an agent. Read More>>>
Antoinette DeRose Houlihan Lawrence Chappaqua Brokerage