How To Know If You Need A Real Estate Agent
Posted on: 8 September 2020
If you are about to buy or sell a property, then you may be interested in doing so without a real estate agent to try to lower your costs. However, there are many times when you should have a real estate agent, such as if you are trying to handle multiple transactions, if your state requires one for paperwork, or if you just aren't willing to take the risk.
If You Need Help Handling Multiple Transactions
One of the best ways to know if you need a real estate agent or broker to help is if you are attempting to handle multiple property transfers at once, or regularly handle multiple transactions in a given period of time. Not only can a real estate agent help you handle the paperwork and possible buyers for any property you own right now, but they can also help you find good real estate investments in your area. Plus, if these transactions are part of an investment strategy or business, then you might want a commercial real estate agent to free up some time with professional help.
If Your State Requires One (For Paperwork)
If you aren't attempting to run a business or side gig with multiple properties but instead just want to sell one For Sale By Owner property, then you might not need a real estate agent. However, some states require that you hire a real estate agent to handle the closing paperwork as part of your FSBO property sale, so even if you can manage to find a buyer and manage the price negotiations, you might not be able to have a completely agentless sale. You will want to find your state's laws around selling a property without a real estate agent before you complete the sale.
If You Aren't Willing To Take The Risk
You may be interested in hiring a real estate agent regardless of how many properties you're selling or local laws just to lower your risk of losing money. Real estate agents are trained to not only find buyers but to also present your property as best as they can and handle the price negotiations and a variety of home inspections. If you aren't willing to take a lower offer than you might otherwise need to because you don't have the time, energy, or expertise to get a better one, then you should hire a real estate agent.
Hiring a real estate agent can help streamline things for anyone selling property, be that as part of a business or at the tail-end of an FSBO sale. If you need a real estate agent, find one near you today.
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