Why You Should Never Work With a Real Estate Agent in Friendswood, TX
If you’re trying to sell your house fast in Friendswood, TX, working with a real estate agent might be against your best interest. While working with an agent might be a good idea for homeowners who aren’t in a rush to sell their homes, involving a middleman in the process can be more of a hassle for those who are in a hurry.
Hiring a real estate agent can be expensive, especially if you want to hire an agent with a few years of experience. It’s also no secret that these professionals work on commissions1. The typical commission rate is 6% of the total sale price, a fee that is split by both parties’ respective agents. This commission is paid by – you guessed it – the home seller. That means that you’ll be paying $15,000 in commission costs if your home sells for $250,00.
True Selling Price
Homeowners will often hear that working with a real estate agent is the best way to secure a high selling price for their property. The truth is, economists suggest that realtors often don’t sell homes2 for very much more than the listed asking price. One paper measured the effects of a broker’s services and found that sellers who use a broker reduce the selling price of a home by 5.9% to 7.7%. Homeowners should also factor in the cost of their agent’s commission when calculating how much money they’d save by going the agent-free route.
As a seller, you likely have your own goals, priorities, and timeline. However, if you wind up with an agent that doesn’t devote a sufficient amount of time to marketing your home, you can expect your property to sit on the market for much longer than you want. If you’re in a situation where you need to sell your home in Friendswood, TX quickly, an agent might be more of a hassle than an asset.
When working with an agent, you’re likely one of many clients. The busier your agent is, the less time they will have to spend on your property’s selling process. This can easily cause frustration for the seller as deadlines are missed and deals fall through due to their agent’s focus being elsewhere. Selling your house fast in Friendswood, TX is possible – and doesn’t have to be a headache. In fact, you don’t even have to spend time searching for a real estate agent or juggling showings. HomeGo eliminates all that.