Is Hiring An Agent REALLY Worth It?

by Jan 8, 2021

For many people, when they think about selling their houses, the first thing they will do is look around for a local agent. Agents can be a wonderful asset when selling your house, however, it is not the only strategy you should consider. By doing a little homework, you can successfully sell your house on your own, saving you time and money overall. On this blog post, we will discuss some of the most common costs of a traditional listing, so you can determine if hiring an agent is the best choice for you!

The Pre-Listing Costs

Before you consider putting your home on the market, take a look at other homes on the MLS. Check out what people are asking for comparable properties and more importantly, look at what comparable properties are actually selling for. How does your house stack up? Will people opt for your house over the one next door? You will need to look at it from a buyers point of view. They will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to the home in order to be competitive. Houses that sit on the market lose interest among buyers over time. If the property doesn’t sell, people will likely believe there is something wrong with it. You need to come out of the gate with a house that wows potential buyers and proves to be an excellent value for the money.

Agent Costs

Agents don’t work for free. Many agents work incredibly hard and deserve every penny you pay them. That said, be wary of those who don’t. While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission which typically runs about 6% of the final sale price. You will own the agent this amount, even if you sell the property on your own to someone you know. In addition, some agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Make sure you know exactly what’s included in your listing agreement as no two agents are the same.

At The Closing Table

Once the closing date comes around, in addition to paying your agent, you will also have to come up with the closing costs. You can usually estimate this to be approximately 2% of the final sale price. The closing costs include things like appraisal fees, taxes, deed recording, title search, credit checks and more. With a direct sale to RC Property Group, all of these costs are covered for you.

Time Is Of The Essence

When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to RC Property Group, you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.

Before hiring an agent, give our office a call or send us a message! Find out how we can help you! (808) 773-1415

Recent Blog Post

How to stage an excellent property viewing in Honolulu, HI

How to stage an excellent property viewing in Honolulu, HI

Congratulations! If you’re reading this article, you’ve probably made the decision to sell your Honolulu home. You’ve weighed the pros and cons, and have ultimately made the choice to let go of your property. The hardest part is over. Now comes the next part: selling...

What you need to know about selling Honolulu property on Facebook

What you need to know about selling Honolulu property on Facebook

Selling a property today is very different from how it used to be. While many activities remain the same—like listing the property and holding open houses so buyers can view the place—marketing your property in Honolulu can now be very different. Aside from...

What To Tell Property Buyers About Living in Honolulu

What To Tell Property Buyers About Living in Honolulu

Have you ever gone on vacation, went to a tropical island, and just wished you could live there? You probably have and so do most people who've done the same. That's why it can be easier to convince a property buyer to invest in a home in Honolulu. There are countless...

How to Settle Your Honolulu Mortgage Quickly

How to Settle Your Honolulu Mortgage Quickly

A Honolulu property can be one of the most expensive purchases you would make in your lifetime. If you have taken out a loan to finance the purchase of a house or an apartment, it's likely your mortgage is your biggest monthly expense. Especially if you're only a few...

Furnished Vs. Unfurnished Rentals

Furnished Vs. Unfurnished Rentals

Furnished and unfurnished rentals both have beneficial aspects depending on your situation. Furnished rentals offer the ability to move quickly when you are ready to relocate to another city or town. Unfurnished rentals require you to pack and move your own furniture...

WE BUY HOUSES FAST FOR CASH

Enter your information below to received your fast cash offer!

  • Hidden
  • Hidden
  • This field is for validation purposes and should be left unchanged.