If you’re thinking about buying or selling a home, there are many factors to consider: Location, price, size, and perhaps above all else the biggest question of all: To use a realtor, or not.
Pro: The “Extras”
Commissioning a realtor can come with many “extras” that can help drive traffic through your home. Along with listing on MLS and other social media vehicles, many realtors will offer marketing materials like custom websites for your home and pamphlets to mail out. Some may even stage your house at no extra charge.
Con: The Commission
Realtors come with a hefty price tag, on average 5%-6% of the selling price. If you sell your home for $500K that’s $25K! Which is a lot of money. This rate can sometimes be negotiated, so make sure to keep that in mind. And the good news is this is only on sales, you don’t pay commission for your purchase. Phew.
Pro: Tap Into Their Know-How
If you do your due diligence, meet with a few realtors before settling on The One (yes, you should meet with several!) that realtor should bring a lot of knowledge to the table. They may notice a worrisome ceiling crack or a faulty faucet way quicker than your untrained eye and save you some heartache and money in the long run.
Con: Can Add More Stress
Buying and selling can be pretty stressful. Sometimes there are just too many cooks in the kitchen and adding another adds to an already stressful situation. Cutting out the middleman can sometimes alleviate stress, just make sure you know what you’re doing.
Pro: Power Negotiators
When it comes to agreeing on the home price, negotiating is key. Whether it’s closing on the date you want, with or without conditions, making sure the sellers fix that leaking roof, a realtor will have the know-how, the lingo and the attitude to negotiate on your behalf. This can mean closing on the deal, or not! And may even save you thousands of dollars down the road.