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Is Hiring An Agent in Cleveland REALLY Worth It?

When many people consider selling their homes, the first thing they do is hunt for a local agent. While agents can be a valuable asset when selling a home, they are not the only method to consider. You may successfully sell your house on your own by doing some research and saving time and money. We’ll go over some of the most common fees of a traditional listing in our most recent blog post, so you can decide if hiring an agent is the right option for you!

Costs of Pre-Listing

Look at other properties on the MLS before you contemplate placing yours on the market. Examine what comparable homes are being asked for and, more importantly, what comparable properties are selling for. How does your home compare? Will folks choose your home over the one across the street? You must consider it from the perspective of the buyer. They’ll be looking to get the most bang for their buck. To stay competitive, you’ll probably need to perform some repairs, touch-ups, and perhaps upgrades to your home. Houses that are on the market for a long time lose their appeal to potential purchasers. People will assume there is something wrong with the property if it does not sell. You must start with a home that impresses potential purchasers and demonstrates exceptional value for the money.

Agent Fees

Agents are not volunteers. Many agents work quite hard and are well worth the money you pay them. However, those who do not should be avoided. While each agreement is unique, when you agree to list with an agent, you may be agreeing to pay somewhere around 6% of the ultimate sale price which includes both listing and buyer agents. Even if you sell the property yourself to a friend, you will owe the agent this money. Some agents may also charge you for administrative costs, listing fees, marketing, listed sites, photography, and other services. Because no two agents are alike, make sure you understand exactly what is contained in your listing agreement.

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.

It’s All About The Time

You are, in a sense, gambling when you list your home. You’re not given any guarantees about how much you’ll get or when the house will be ready. It can be difficult to plan ahead and move on with your life as a result of this. Additionally, you will be responsible for continuing to pay monthly home expenses such as insurance, taxes, and utilities. A real estate agent can market your home for any price you want, but that doesn’t guarantee you’ll get it.

Do you want to sell a house in Cleveland or the surrounding area? Before hiring a Cleveland agent, give our office a call or send us a message! Find out how we can help you! (440) 291-5361

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