Pros and Cons of Hiring a Realtor in Australia
If you’ve made the choice to sell your home, you need to decide whether or not you want to work with an expert estate agent. Most of the time, working with a real estate agent will give you some advantages over selling your home on your own, but you should be aware of the downsides as well.
So, here are the things you should be aware of if you’re considering using a realtor for a property sale in Australia.
Pro: Better Selling Price
The primary advantage of working with a real estate agent is that you may receive a higher selling price. The realtor contributes their expertise to the marketing and staging of homes. They will also be able to assist you in evaluating purchase offers and negotiating all crucial contractual details. For example, if you’re selling your home with Established Property, they aim to get you multiple offers, of which you can choose the one you prefer
Con: Commissions & Price
The most apparent drawback of working with a real estate agent is that you must pay them. Most realtors will get a commission between 1-3% of the house’s last selling cost. The conventional selling process may also come with additional costs. Your agent might suggest upgrades or repairs to make your marketing more appealing. They might get an expert home stager or other people to help make the sale, but with that in mind, most realtors pay for themselves in the increased selling price, and this means the commission is worth it.
Pro: Realtors are Expert Guidance
Before choosing a real estate agent to represent you in selling your home, it’s a good idea to talk to several of them until you find the right person. During the selling process, a great realtor will be able to offer you professional guidance and advice by drawing on their expertise. Selling a house can be upsetting, particularly on the off chance that you haven’t done it previously. A reliable agent can make things go much more smoothly and give you peace of mind.
Con: It’s a Time-Consuming Process
The conventional method of selling real estate can be slow. Finding a reputable real estate agent takes effort. After that there’s work and money put in to get your house ready for the market, the showing of the home, and then the closing/escrow process, which may take 30-45 days to complete if the buyer is getting a loan. If everything goes according to plan, the entire home preparation and selling process will probably take several months to complete. But be aware, if you DIY the process and get it wrong,
Pro: Better Contracts
A seasoned real estate agent has drafted numerous sales contracts. They are aware of how this contract works. If you decide to do it yourself as a seller, this might be a problem. If you don’t want the stress of the legally binding contract, you should leave it to the experts.
Con: You Have Less Privacy
Many home sellers don’t hire a realtor because they don’t want to deal with a salesperson and want to avoid having a swarm of buyers come through their house, most of whom aren’t even that interested in the property. If you prefer to do a private sale, you may want to forgo a realtor and only allow the people you want to come into your home.
If you are selling your home, contact Established Property today, and their team of experts will make sure the pros far outweigh the cons.
