As a homeowner, it makes sense that you would want to make the most money you can when you sell a property. It also makes sense that you would want to hold onto the commission you would ordinarily pay a listing agent. And you have every right to list your house yourself and to handle the transaction yourself. But there’s a reason why the Listing Agent exists. From Inman.com, here are some reasons why it’s worth it to trust an agent to be your representative in the sale of your house:
1. Scams not only are a possibility, they happen.
Scams can really affect both the sellers and the buyers, from fraudulent paperwork to lack of written contracts or receipts. Here in South Carolina, nothing is enforceable unless it’s in writing. That said, the average FSBO seller may not know that, or maybe the buyer doesn’t. With that one simple law not being full knowledge to everyone, it’s easy for someone to back out of a purchase without being held responsible for it in a court of law. If you hire an agent, you’re sure to be protected from this, since it’s a part of licensure that they know this and practice using contracts for EVERYTHING.
2. The seller assumes all liability.
Real estate agents carry Errors and Omissions (E&O) insurance. This means that if the house is listed with hardwood floors, but the buyer finds out it was laminate, the person advertising hardwood floors is responsible for the mistake. As an agent, our insurance would cover it, but as a homeowner selling it yourself, you would be liable. And in a society where suing people is becoming more commonplace, you don’t want to get caught up in that very real possibility.
3. Do you really want to do all that paperwork?
Another thing we study to become licensed real estate agents is the paperwork: from the actual sales and purchase agreements, to the property disclosures, repair addendums, lead paint records, wire fraud paperwork, and so much more. But as a seller that hasn’t been trained in the real estate laws of your state, and believe me there’s a lot, do you really want to have to not only deal with it all, but also take the risk that something’s either wrong or missing altogether?
There are a lot of reasons to opt for the real estate professional when selling your house, and these are just a few. Stay tuned for the next installment of “Why Listing with an Agent Is Better Than for Sale by Owner” next week!
Dusty Rhodes Properties is the Best Realtor in Myrtle Beach! We do everything in our power to help you find the home of your dreams. With experience, expertise, and passion, we are the perfect partner for you in Myrtle Beach, South Carolina. We love what we do and it shows. With more than 22 years of experience in the field, we know our industry like the back of our hands. There’s no challenge too big or too small, and we dedicate our utmost energy to every project we take on. We search thousands of the active and new listings from Aynor, Carolina Forest, Conway, Garden City Beach, Longs, Loris, Murrells Inlet, Myrtle Beach, North Myrtle Beach, Pawleys Island, and Surfside Beach real estate listings to find the hottest deals just for you!
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