Reasons Why Not Listing with a Real Estate Agent Could Be the Right Choice

• Published at September 24, 2020
• Category: Real Estate

If you strive to sell your Salt Lake City home, there are many ways to accomplish this in record time. Some of these methods don’t include the traditional hiring of a real estate agent. Contrary to popular belief, there is no law in the State of Utah that requires you to retain the services of a real estate agent or realtor in order to sell your property. In fact, hiring real estate agents tend to result in loss of revenue and longer, drawn out sales. And when you need to sell your Utah home quickly, there are other potential pitfalls of relying on real estate agents.

Four benefits of NOT hiring a Real Estate Agent include:

1. You save money: When you don’t hire a Real Estate Agent you will save between 3-10% of the profits of the sale of your home. This might not sound like much, but it could be the difference between buying a new car, putting money down on a new home or paying a year or two of college for your children.
2. Less time and your money spent in repairing your property before the sale: Real Estate Agents across the board are highly picky about the condition of your property. It is their belief that when your property is showing signs of old age, wear and tear; that you need to spend thousands of dollars on repairs to make sure the property is attractive to all potential home buyers. That’s simply not true when you sell your property to non-traditional buyers though.
3. Your ability to sell quickly improves: When you don’t hire real estate agents, you can actually sell your property much quicker than if you rely on selling to a particular demographic and through traditional measures. Believe it or not, there are several companies who buy properties as is for top retail value of properties in your area. So why worry about extended selling time when you can sell quickly though this type of process?
4. There is less negotiating and hassle: Again, the goal of any real estate agent is to ensure your home sells for the maximum amount. Why is this? Simple – they receive a percentage of the total sale price – not a percentage of your profits. This is also why most of these real estate agents negotiate with multiple potential buyers; which extends the closing time period and usually does not net maximum profits for home sellers.

When you’re looking to sell your Utah home, there are many other non-traditional methods that result in quicker sales, better profits and reduced headaches for any property in virtually any condition. Never fall into the trap that you must hire a real estate agent; as there are many benefits as discussed above to selling your home quicker and with better results as you might believe.

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