As you get ready to put your home on the market or as you watch over your current listing in social media regarding your home, you need to know when it's time to have a Realtor by your side. Most real estate agents don't charge for their work by the hour; they take their pay in commission form. When you sell or buy a home, they take a percentage of the profits of the sales of the home, which means you don't pay them out of pocket and they have to work hard to earn their pay.
You can sell a home by yourself, and some people do: FSBO or for sale by owner homes are on the market all the time. However, there is a right and wrong way to sell a home, and putting your home on the market on your own can come at a risk. To best protect your investment and get your home sold as quickly as possible, follow this guide so you know just when to let a Realtor come in and help you sell your home.
Your home has had no views, visits, or offers in a few weeks
The longer your home sits on the market, the more money you invest in the property, particularly if you are still paying a mortgage on it. Also, the longer a property sits unsold, the more its asking price is typically negotiated when it finally does get an offer. If your home isn't getting the attention you thought it would with your private marketing efforts, then you need to have a Realtor step in and get your property moving so you can stay competitive in the world of real estate.
Your home has a lot of work that needs to be done
If your home needs a lot of work, it can be considered an as-is home or an investment opportunity. These are both good and bad claims, because you'll likely attract a lot of cash buyers, but they likely won't offer you what you think your home is worth. This is where a Realtor steps in; a real estate agent will assess your home's current value and bring in the right buyers to maximize your potential profit, or they can offer you insight as to what you can quickly upgrade in your home to help it sell faster. Your Realtor will work with you and for you to help you get the most out of your home-selling experience.