Can Minnesota homeowners and investors sell their homes without using a real estate agent? More importantly, if they can, should they?
Property owners, in association with investors, are forced to make these decisions everyday.
While there are certainly advantages to neglecting the assistance of a real estate agent, those trying to save money will find that it could end up costing them a lot more than originally anticipated. A DIY approach can result in costly mistakes and a lot of wasted time.
Perhaps you are fully capable of selling a home yourself. Those with a good real estate education should have a good foundation in which to start, but that doesn’t mean it is smart or saves money at the end of the day.
If you are considering selling your own property, maybe a property you inherited, you might want to consider selling to a reputable real estate investment firm. However, if you are an investor who is reliant on buying and selling homes on a regular basis to generate an income you might be better off enlisting the services of a real estate agent.
Many seriously underestimate the value of a good real estate agent. Their price includes marketing, showings (virtual these days), negotiating, paperwork, and managing the closing process. These items not only cost money, but take up a lot of time as well. Sometimes real estate agents have entire teams that work with them to perform these tasks.
Surely, in all the time it takes to wrap up a sale, investors could have found and acquired 3 more properties with far more profit potential than you would have saved from skipping on a real estate agent. Accordingly, the time you gain from hiring a real estate agent permits you to pursue more investment opportunities.
Plus, those regularly buying and selling homes can normally negotiate huge discounts on real estate commissions. What if you only had to pay 1% commission, instead of 3% or 5%? Would that change your mind?