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Cheapest Estate Agents To Sell Your House – Written by Jeanne Lee Written by Jeanne LeeArrow The Right Contributing Writer Jeanne Lee writes about mortgages, personal finance and enjoys finding ways for people to hack their finances. Jeanne Lee
Edited by Michele Petry Edited by Michele PetryArrow Right Senior Real Estate Editor Michele Petry is a senior editor at , leading the site’s real estate content. Connect with Michele Petry on LinkedIn Linkedin Contact Michele Petry by email Email Michele Petry
Cheapest Estate Agents To Sell Your House
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Most home sellers dream of a stress-free sale where they simply list their home, quickly find a qualified buyer, collect the money and hand over the keys. If only it were that simple! In reality, selling a home involves a lot of moving parts – some that you can control and some that are out of your hands.
For example, geography can influence how long your home stays on the market or the list price you can pay. In places where competition is still strong and inventory is low, you’re likely to sell faster and get a higher price. On the other hand, in places where property sales have slowed, you’ll likely have to work harder to attract the right buyer.
The real estate market has changed since the frenetic peak of the pandemic. The frantic bidding wars are over and both prices and mortgage rates remain high. With fears of an impending recession, many buyers are staying on the sidelines until rates or prices (or both) come down.
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So, as a seller, you want to be prepared and in control of all the factors that you can. Things like hiring a great real estate agent and maximizing your home’s online appeal can translate to a smoother closing — and more money in the bank.
Selling a home is a huge undertaking that can take several months from start to finish – or much longer, depending on local market conditions and the level of inventory available.
As soon as you decide to sell your home, start researching real estate agents to find someone with the right experience for your situation (see Step 2). But don’t stop there.
At least two or three months before planning the listing, consider doing a pre-sale home inspection. This is optional, but can be helpful in identifying problem areas, especially if you suspect structural or mechanical issues that need to be addressed to facilitate a sale. Your agent can also help you figure out what needs fixing and what doesn’t. Allow enough time to schedule necessary repairs.
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About a month before listing your home, start working on staging and deep cleaning in preparation for taking your listing photos. Keep clutter to a minimum and consider moving excess items to a storage unit to showcase your home in the best possible light.
The internet makes it easy to delve into the history and professional experience of a realtor, helping you choose the right person to work with. Search agents’ online profiles to learn how long they’ve been in the industry, how many sales they’ve closed, and what designations they may have earned. Pay attention to how and where they market their listings and whether or not they use professional photos.
“Any designation they’ve earned is a huge plus because it’s a sign that they’ve taken the time to learn about a particular niche,” says Jorge Guerra, president and CEO of Real Estate Sales Force and former global spokesperson for the National Association of Brokers of Real Estate (NAR).
Some homeowners may be tempted to skimp on paying a commission and instead sell their homes themselves, without an agent. This is known as “for sale by owner” or FSBO. The amount sellers can save from these fees can be thousands of dollars, often 5% or 6% of the total sale price.
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However, an experienced agent does a lot to earn his fees. For example, they can expose your home to the wider public and negotiate on your behalf to get you the best deals possible. If you go it alone, you will have to personally manage the preparation of your home, market it, review buyer offers, and handle all negotiations and closing details.
When working with an agent, remember that real estate commissions are generally negotiable. As a result, you might get a break at the closing table.
If you’re going to spend money on expensive upgrades, make sure the changes you make have a high return on investment. There’s no point in installing new granite countertops, for example, if you just want to break even with them – or even lose money. Also, these improvements may not be necessary to sell your home for the highest price, particularly if inventory levels are low in your area. Here’s where a good real estate agent can help guide you: Agents know what people expect in your area and can help you plan upgrades accordingly.
In general, kitchen and bathroom upgrades offer the greatest bang for your buck. If you have old cabinets, you can simply replace the doors and hardware to get an updated look without breaking the bank. A fresh coat of neutral paint and a spruced up landscape are often low-cost ways to make a great first impression.
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Plus, while a pre-sale home inspection is optional, it can be a smart initial investment—especially in an older home. For a few hundred dollars, you’ll get a detailed inspection report that identifies major issues. This alerts you early to issues that buyers are likely to flag when they do their own inspection later in the process.
By staying a few steps ahead of the buyer, you can speed up the selling process by doing repairs in conjunction with other home prep work. This means that the moment your
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