We Tried to Sell Our Home by Owner

Navigating through your local real estate market can be challenging, especially if you are attempting to do so without the help of a real estate agent. Real estate agents and realtors are residential real estate professionals, and they know the ins and outs of buying and selling properties. Real estate transactions come equipped with a lot of paperwork, and avoiding pitfalls isn't easy if you aren't a professional. If you are about to journey into buying or selling a home, here's what to know about using a real estate agent.

They Can Help You Buy Or Sell

Whether you are putting your home on the market or on the hunt for a new property, or both, a real estate agent can help. Real estate agents can list your home, market it, and show it to interested buyers. If you are looking for a new home, an agent will show you properties that may work for your needs that are within your budget. If you are selling your home and want to move nearby, you can even use the same realtor for both transactions.

What Services They Offer

If you are on the fence about using a real estate agent, knowing what services they offer can help you decide. Both buying and selling homes is a lot more work than you think, and using a real estate agent will save you time and effort. If you are selling, a real estate agent lists your home, markets it, fields any offers, and helps you negotiate with buyers. If you are purchasing a home, a real estate agent can help you find the right lender, show you homes that meet your needs, and ensure you get a good deal. 

How Much It Costs

Another thing to consider if you plan to use a real estate agent is how they will get paid. Real estate agents usually work via commission. Your real estate agent usually works for a broker, but brokers can be real estate agents. The typical commission on a residential property is six percent of the final sale price and is paid after closing. The commission will be split by the buying and selling real estate agents and the broker. 

Hiring a real estate agent is an option to consider if you want to buy or sell, and there are a few things you need to know about using their services. First, real estate agents can help you buy or sell a home. Second, knowing what services real estate agents offer is crucial. Finally, real estate agents work via commission and are paid once the sale closes. 

Reach out to a company like Maui Elite Property to learn more.