Why is there an agent needed for both the seller and the buyer in real estate? What do realtors actually do?
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Sure you can sell or buy a house without an agent and pocket some extra money but to me it’s not worth the hassle. For example we just listed a house for sale on Thursday and it’s already had 9 showings with 4 more currently scheduled. My agent is handling all the communication, scheduling, feedback after the showings , collecting the offers, etc. What a drain of time that would be for me, I have a job and can’t imagine doing all that. Not to mention making sure paperwork is in order, the right agreements are signed, etc.
It’s true that an agent wants a fast sale but they are going to make sure you and them get a highest possible. sale fast. We wanted to list the property for $200,000 the agent suggested instead we list for $179,000 which would generate more interest and cause a bidding war. We gave it a shot and already the highest offer is $215,000 so they were right. We never would have thought of doing that I’m a photographer not a salesman.
On the flip side while looking for a house we saw some real nasty For Sale By Owner listings. Horrible photos, gross, unclean, places, asking wayyyy too much than what it was worth. We’re talking listing that have been on the market for nearly a year. And that is why you hire a good selling agent. To tell you that you need to clean your place up and ask a realistic price.
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