When setting a list price, be sure to converse with a real estate agent because they will have information on the market that you do not have. You can receive a free home evaluation, but contacting an actual real estate agent will get you all of the information that you need in order to make an informed choice on a list price.
When deciding whether or not to hire an agent, take a look at all of these factors, because there are many benefits with hiring someone to handle your needs. If you do decide to hire an agent:
You will have to sign a contract that gives this agent the rights to sell your property for the length of the contract. Therefore, you can only use one agent per house at any given time.
This agent will do a great deal of research for you, which will help you come up with a fair price for the property that you agree with.
You will also have a marketing plan writing for you by the agent, which includes a full schedule for your listing, showings, and even the advertising that will be done for you.
Your agent will also help you to prepare your home to be view with ideas such as how to get everything looking as good as possible and how to go through with a home inspection.
It is up to the agent to send any offers that come his or her way to you and to help you handle any negotiations that may arise in the situation. He or she will also handle all of the paperwork that comes up during this process.
It is up to you to pay for these useful services, usually with a percentage of the sale price of the home. You can also negotiate a flat fee with the realtor and place it into the original contract. Each of these methods has positives and negatives, so be sure to find the one that is best for you.
If You Work Alone
It is up to you to handle all of the marketing that your property will require, as well as any negotiating and paperwork that may arise as a result. If you follow this route, be sure that you know all of the laws that are mandatory for real estate transactions so that you do not end up in trouble.
It is also your responsibility to do your own research of the marketplace, which includes hiring someone to appraise your home in order to come up with a fair asking price.
It will also be your responsibility to come up with your own marketing plan, including how you will show the home and how you will deal with anyone who shows interest.
You will also have to figure out for yourself how you will keep your home looking as nice as possible and how to get it ready for inspection.
Any questions that the buyer may have will be directed directly to you, which will take up a great deal of time. You must also handle all of the paperwork required in making written offers and negotiating prices.
Another thing you will have to do is pay the buyer's agent, as the buyer's agent will find you prospective buyers. This is, of course, the buyer does not have an agent and the two of you go through the entire process on your own. You may also have to pay for legal advice at various times of the process, which can be quite costly.