Cranston, RI Real Estate Agents

Should you Hire a Cranston, RI Real Estate Agent?

Cranston, RI real estate agents

There are two ways to sell houses in Cranston, the first is to do so yourself and the second is to use a Cranston, RI real estate agent. Depending on how familiar you are with real estate, you may have heard the phrase “for sale by owner.” The phrase means exactly what it says. If you are the owner of a house in Cranston and are thinking about selling it, but don’t want to use a Cranston, RI real estate agent, you don’t have to. You can post a for sale by owner sign on your property and list it online. One of the main reasons a person would choose to not hire a Cranston, RI real estate agent is cost. In real estate, Cranston, RI real estate agents (as well as others) get paid by what is called a commission. According to yourdictionary.com, commission is defined as a fee or percentage allowed to a sales representative or an agent for services rendered. In most real estate transactions, the commission owed to Cranston, RI real estate agents is six percent. That breaks down to three percent for the buyer’s Cranston, RI agent and three percent for the seller’s Cranston RI real estate agent. While this is typical, it is not always the case.

Sometimes Cranston RI real estate agents will agree to less commission, say two and a half percent, if the situation calls for it. Now that you know about the cost of a Cranston, RI real estate agent, it’s time to find out what you get for that cost versus going the for sale by owner route.

Is a Cranston, RI Real Estate Agent Worth the Cost?

Cost isn’t the only concern with choosing not to use a Cranston, RI real estate agent. Our Cranston RI real estate agents believe that there are roughly six pitfalls to acting as your own Cranston, RI real estate agent.

1. Our Cranston, RI real estate agents can expertly assess your home’s worth.

Most likely, you are not a Cranston, RI real estate agent with a Cranston, RI real estate agency. However, if you make the decision to go for sale by owner, you are about to act like one. How do you determine what your house is worth? While you may be emotional towards your home given the time you have spent in it, a Cranston, RI real estate agent won’t be. Our Cranston, RI real estate agents will come to your home and give you an unbiased opinion as to its worth. Do you want to risk selling your house for too low or not selling it because you’ve priced the house to high?

2. Our Cranston, RI real estate agents are skilled negotiators.

Cranston, RI real estate agents negotiate the prices of real estate every day. Our Cranston, RI real estate agents know how to value your home to guarantee you the best possible price while ensuring the fastest time to sale. If you do not know what your home is worth, how can you know how to negotiate its selling price? If you act as your own Cranston, RI real estate agent, there are several instances where you could lose thousands if you don’t know how to negotiate your home’s true worth.

3. Our Cranston, RI real estate agents can give you an unbiased home value assessment.

Anytime someone decides to sell their home, it is an emotional decision. Often times, homes hold timeless memories. If you act as your own Cranston, RI real estate agent, these timeless memories may be what hampers your ability to properly gauge your homes worth. Our Cranston, RI real estate agents have never been to your home. They have no attachment to it. Because they have no emotional attachment, our Cranston, RI real estate agents can properly determine your homes’ value and list it to maximize your profit potential.

4. Our Cranston, RI real estate agents know what needs to be on a disclosure.

In most real estate transactions, a list of disclosures will be provided by the seller to the buyer. Our Cranston, RI real estate agents know what needs to be included and excluded. If you act as your own Cranston RI real estate agent, you are responsible for knowing what to disclose. Not to add fuel to the fire but if you are acting as your own Cranston, RI real estate agent and fail to make a mandatory disclosure, you can be sued.

5. Our Cranston, RI real estate agents can price your home for the market.

Our Cranston, RI real estate agents use the latest technological advances to stay on top of all current market trends. There are various tools available to our Cranston, RI real estate agents that allow them to maximize your profit. If you act as your own Cranston, RI real estate agent, you will not have access to the same tools and resources that our agents do. Without a Cranston, RI real estate agent, you run the risk of either overpricing your home or underpricing it. Both scenarios could wind up costing you lots of money.

6. Our Cranston, RI real estate agents are available to show your home when you aren’t.

Most people these days work. If you are acting as your own Cranston, RI real estate agent, you will need to leave work anytime there is a showing. This might work if you are self-employed but if you work for a company, your superiors may be less than understanding if you have to leave multiple times a day to show your home. Our Cranston, RI real estate agents can show your home convenient to your prospective buyer’s schedule.

cranston ri real estate agents

For example, you call the Cranston, RI real estate agents at Realty Quarters and schedule a home valuation. The collective agreement is that your home would best sell for $300,000.00.

In a typical real estate transaction, our Cranston, RI real estate agent would be entitled to a 6% commission. That would equate to $18,000.00. Obviously, that is a lot of money. Remember though, 3% or $9,000.00 goes to the buyer’s Cranston, RI real estate agent. So for $9,000.00, your Cranston, RI real estate agent will determine the value of your home, mass market it, negotiate the final sale price, comply with all disclosure laws, show your home, and price it to sell.

At the top of this page, our Cranston, RI real estate agents asked you if you should hire a Cranston, RI real estate. The better question is, can you afford not to?