Flat-fee listing services have become a popular alternative to hiring a selling agent. Because real estate commissions are one of the biggest expenses you’ll face when selling a home, the idea of paying a fairly low flat fee to have your home listed on the MLS can certainly be tempting. Before choosing a flat-fee service, make sure you understand what you’re getting. These services usually come with the bare minimum, no guarantees, and no marketing or representation. You may not even necessarily save money, either, as an agent can help you sell your home faster and for more money. Here are the advantages a listing agent offers over a flat-fee service.
An Agent Does More Than List Your Home on the MLS
It’s easy to assume a listing agent doesn’t do much work in exchange for the commission, but this isn’t true. An agent does more than just list your home on the MLS and show it to potential buyers. He or she may spend months actively marketing your home (both online and to other agents), screening calls from potential buyers, arranging open houses, negotiating on your behalf, and much more. A flat-fee service typically does little more than put your home listing on the MLS. Everything else is up to you, including navigating complex real estate laws and customs.
An Agent Helps You Price Your Home Effectively
A lot goes into effective pricing for a home, and it may not be something you want to attempt yourself with a flat-fee service. Price your home too low, and you’re walking away from money. Price it too high, and your home could sit unsold for months, leaving you chasing the market with price reductions as your listing goes stale and develops a stigma. In every neighborhood, from Columbus Grove to Orangetree, Irvine real estate prices can fluctuate according to a number of factors. A selling agent can help you strategically price your home based on a comparative market analysis and local market conditions, which puts you in a better position to sell the home as quickly as possible and for top dollar.
An Agent Offers Better Buyer Exposure
Buyers may discover homes online, but they typically contact a real estate agent before looking at homes. With a selling agent representing you, you’ll have access to a larger pool of buyers who are working with agents to find a home. Agents spend a great deal of time prequalifying, interviewing, and taking on potential buyers and may turn to online advertising as well as referrals and open houses.
An Agent Offers Experienced Representation
Selling your home is probably one of the biggest financial transactions of your life, and there’s a lot on the line. An experienced selling agent serves as your advocate during this process, guiding you through the big decisions you’ll need to make and working in your best interests. Your agent can help you review purchase offers from potential buyers and negotiate on your behalf so you can secure the highest possible price for your home.
An Agent Can Sell Your Home for More
Many factors go into how much your home is worth, including local market conditions. Still, homes sold by real estate agents typically sell for more than homes sold by owners, including owners who use flat-fee MLS listing services. A professional agent can help you list your home for the right price and market aggressively to sell the home faster, potentially earning you a larger profit. Selling your home means making a lot of choices, and one of the most crucial is whether you’ll hire a selling agent or use a flat-fee service. As outlined above, there are a lot of reasons to hire an agent with years of experience in real estate. Irvine residents who are looking to sell their homes can put their trust in the professionals at Irvine Residential Living. Call one of our friendly representatives today at 714-454-6304 to find out how we can help you sell your home for the best price and with minimal stress on your part.