5 Things Home Sellers Need to Know About Hiring An Agent in Metro Detroit

5 things the sellers should know about hiring an agent in Metro Detroit

Are you considering hiring an agent in Metro Detroit to help sell your home? Home sellers have a lot of decisions to make when it comes to selling their property. One of the most important choices is deciding how they want to go about it. Listing with an agent is one option, but other ways may be more suitable for certain circumstances. For instance, homeowners can also choose to list their houses themselves or look into alternative solutions such as auctioning off their home or using a flat-fee listing service. Distressed sellers may have better luck with a direct sale.

Each option has its advantages and disadvantages, so homeowners should take the time to consider all possibilities before making any final decisions about which route is best for them. Our process has the potential to save you both time and money. Here’s what you need to know before signing any contracts to list or sell your property in Metro Detroit.

Potential Costs

Selling your home with an agent can be a great way to get top dollar for your property, but it does come at a cost. These costs include commission fees, holding costs, and closing costs. Commission fees are typically paid by the seller and are based on a percentage of the sale price of the home, usually around 5-7%. Holding costs refer to any money spent in preparation for selling or marketing your home such as staging, repairs, and professional photography. Closing costs are additional expenses incurred when completing the transaction such as title searches, transfer taxes, or escrow fees. Although these added expenses may seem daunting at first glance, they often pale in comparison to what you could potentially make when you receive an offer above the asking price from a motivated buyer. A direct sale to Fast Home Offer Guys eliminates these costs and allows you to sell your house as-is.

Expected Time Until You Reach The Closing Table

When hiring an agent in Metro Detroit, there is no guarantee if or when you will make it to the closing table. Selling a house with an agent can be a long and arduous process. While the right real estate agent can make all the difference in getting your home sold quickly, it still takes time to properly market, show, and negotiate the sale of your home. It’s important to understand that selling a house is not something that happens overnight—it usually takes anywhere from two months up to six months or more for most homes. There is a lot of uncertainty to consider if you are looking for a timely sale of your property in Metro Detroit.

All Real Estate Agents Are Different

While many agents will have your best interest at heart, others are just there to close as many deals as possible. Be careful who you trust to represent you in such an important matter such as selling your house in Metro Detroit. If you choose to work with an agent, be sure to ask questions about their experience, local knowledge, and marketing plan for the home. Don’t just choose an agent because they are popular or because they have ads on TV.

Check Your Contracts

Once you sign a listing agreement with a Metro Detroit real estate agent, you may be on the hook with them for more than you bargained. Did you know that in some cases, you will still have to pay your agent’s commission even if you sell the house yourself? Before you sign any contracts in regards to your house, make sure you read all of the fine print and are ok with the terms.

There Are Other Ways to Sell Your House

Listing with an agent is not the only way to sell your house in Metro Detroit. Working with a private buyer such as Fast Home Offer Guys can ensure you receive a great price and a fast closing. You can also get creative and consider options such as owner-financing in which you become the bank in essence, collecting a monthly income from the home. There are many solutions for home sellers in Metro Detroit, and Fast Home Offer Guys is happy to help you explore them all!

Hiring an agent in Metro Detroit? Before you do, it’s important to get the facts. At Fast Home Offer Guys, we can help you get all of the information you need so that you can make the best decision for your situation. We want to help you achieve the best result possible for your situation. Reach out to us today to learn more about what we can offer you! (248) 590-3040

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