Estate agents: pros and cons when selling a property
Are you considering selling your house and wondering if you should enlist the help of a real estate agent? It’s a decision that has far-reaching consequences – for your time management and your wallet alike. We’ve examined the advantages and disadvantages of both options for you.
The pros: why an estate agent can be worth their weight in gold
Market knowledge:
An estate agent will use their real estate experience to guide you through the jungle of the property market. They will help you determine the right price and position your property appropriately on the market.
Network access:
Your estate agent will open the door to an exclusive club of potential buyers. They’ll be in contact with the right people and have the network required to promote your property quickly and negotiate the best possible price. It’s very likely that your estate agent will know the local property market well.
Time savings:
Using an estate agent not only saves you time, but also hassle. They’ll take care of viewings, conduct negotiations and handle administrative tasks – while you can focus on other important things.
Professional marketing:
Selling a property is a bit like a stage show – it needs to be properly orchestrated. Experienced estate agents know exactly how to present your property in the right light to win over the hearts of potential buyers.
Legal issues:
Your estate agent is your safe haven when it comes to contracts and legal issues. They know their stuff so you can sleep soundly at the end of the day.
The cons: would you rather sell your property on your own?
Commission:
Quality doesn’t come cheap. Estate agents provide their services on a commission basis, with this taken from the proceeds from the sale.
Less control:
When a real estate agent takes the reins, you hand over control to them. Some sellers feel uncomfortable with this and prefer to stay in charge of everything themselves.
Standardised processes:
Not every estate agent adapts their strategies to each individual seller. It’s worth choosing a partner who responds flexibly and creatively to your needs and your property’s specifics. If you’re not happy with your estate agent, you can terminate your agreement with them and work with other estate agents.
Further considerations
Your decision should be based on your own personal needs. Would you like to play an active role in the sales process or would you prefer to rely on external expertise? Do you have enough time to do this?
In a dynamic market, an estate agent’s expertise can make all the difference: they can respond more quickly to changes and represent your interests.
An estate agent can provide valuable support if you’re looking for a smooth sale process. They not only contribute their specialist knowledge, but can also cushion the emotional ups and downs associated with selling a property.
Whether you opt for an estate agent or want to sell your property on your own – we’re here to support you. With the right information and a dash of courage, selling your property either yourself or with an estate agent can be a success.