4 Unfortunate Consequences of Skipping an Estate Agent

Neil Newstead - Consequences of skipping an estate agent - Blog header

First published on NeilNewstead.org

If you are looking to sell your house, then you might be considering whether or not you should hire an estate agent. It’s tempting to think that you might be able to save some money without one. However, not hiring an estate agent could cost you in the long run. Avoid the following common pitfalls by finding an agent you trust.

Unpredictable Markets
It should go without saying that today’s property market is likely to change at the drop of a hat. Fluctuating interest rates, political influence, and major world events can significantly impact the state of your local market the instant it makes the news. Estate agents are trained to stay on top of industry trends and watch for potential complications, thereby protecting you and your property investment from selling too early or too late.

Contracts and Paperwork Overload
There are all kinds of legal contracts and paperwork you need to deal with when selling a house. This paperwork can become overwhelming very quickly. Most of us already have our plates full with work, children, and other obligations. Why add heaps of confusing paperwork to your list? An estate agent can navigate the tricky jargon and mind-bending clauses, facilitate signatures and delivery, and ensure submission to the proper locations.

Pricing Regret
An estate agent is the epitome of a housing expert. They likely know your neighborhood, the value of your home, and the buyer personas in your area. It is this in-depth industry knowledge that allows an agent to estimate the best selling price for your home. Self-pricing may result in a sale that is lower than your home’s value, or one that is more than the house is worth causing a longer stay on the market. Estate agents can make smart pricing decisions based on comparables, home features, and logic as opposed to guesswork and emotional attachment.

Delayed Completion
There’s more to completing on a sale than paperwork and signatures. In most cases, there is a lot of work going on behind the scenes. Third parties like financial institutions and title companies can cause major backups in your closing process. Estate agents are critical in keeping open lines of communications between these parties and their clients. Often, an actively involved estate agent can successfully influence these timelines to positively impact your closing date.

So, if you’re considering selling your home, be sure to enlist the help of your favorite local estate agent. Avoid time-consuming hassles by letting a trained professional take care of the process, ensuring you get the best price for your home in an ideal amount of time.

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