Real estate agents are independent contractors who will receive the commission based on the number of homes they sell. The commission will be paid from the sale, which is split for both the listing agent and the selling agent. After closing the deal, the agents will pay a share to the broker. But if you don’t hire a real estate agent, you can save both your money and time. Hiring real estate agents result in loss of revenue and longer, drawn out sales.
Four benefits of not hiring a Real Estate Agent include
You save money:
If you don’t hire a Real estate agent, you can save between 3-10% of the profits of the sale of your home. Though it might not make a big difference, it can be helpful when buying a new car, or new home, or paying for small debts.
Less time and money spent on repairing your property before the sale:
When a real estate agent inspects your property they will know the condition of your property, if your home shows signs of old age or needs more repairs then the realtor will have a belief that you must spend thousands of dollars for repairs to attract the potential home buyers. This is not true when you sell your home to non-traditional buyers.
Your ability to sell quickly improves
If you don’t hire real estate agents, you can sell your property much faster than if you sell to particular demographic or traditional buyers. In today’s market, there are a lot of companies that buy properties as-is. So you can sell your property to one of those best companies, don’t worry about extended selling time when you have these options.
There is less negotiating and hassle:
Usually, real estate agents try to sell your property for the maximum amount, this is because they receive a percentage of the total sale price. They don’t share the percentage of your profits. This is the reason why most of the realtors negotiate with multiple potential buyers; which extends the closing time period and doesn’t net maximum profits for home sellers.
When you’re looking to sell your home, there are a lot of non-traditional methods that result in quick sales and better profits. This will save your time, money, and effort to sell your home. Don’t fall into the trap of hiring a real estate agent as there are numerous benefits for selling your home quicker by yourself.