Do You Need an Agent to Sell Your Home?
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The first and foremost aspect that you must consider while dealing with
your home or real estate is whether you really need to sell it. When you
are there in a buyer�s market, selling a home might be a healthy option
to rent the old property as an alternative to selling it off. You must
consider the price of the contract, property tax, time required, the amount
you may go down with if you are trading in an adverse market, and the
increasing equity that this may result. Contrarily, consider the capital-endowing
tax aspects, and hence do your homework by taking advice from your consultant.
As far as needing an agent is concerned, if you are trading the home
on your own, the amount required for hiring an agent could be yours (6-7%).
However, you need to pay the agent fee if the buyer hires an agent for
purchasing your current home. The amount of this property value is half
of what you had to pay if you were trading by yourself.
Going the deal alone may sound attractive, although it�s advised only
if you have connections in and in-depth knowledge about the home market,
and are an expert in deal-making. With these elements, you can safely
get the best returns out of the agent�s fee.
