Real Estate

Considerations When Real Estate Agents Sell Their Own Homes

Self-listing is an option for some real estate agents. There are few restrictions on this practice, except for the requirement that a licensed real estate agent disclose their ownership of the property in the listing description. While this may not seem like a big deal, some real estate agents’ companies or errors and omissions insurance policies may prohibit them from self-listing. The following are some other considerations when self-listing is the right choice for you.

As a seller, you will have to pay the commission to the agent when you hire him to sell your property. However, you might pay more to have the realtor manage your transaction than you would otherwise. You may also have to pay for the agent’s services if you hire a third-party real estate agent to represent your interests. Regardless of which option you choose, you should follow all state laws and regulations regarding real estate agents.

Another consideration when hiring a real estate agent is whether they can sell your home for a higher price than the listing price. If your agent has a proven track record in your neighborhood, you can use this as a deciding factor. But before deciding on a real estate agent, make sure you interview them and find out whether they can achieve this goal. Whether they can get you an extra three percent is a crucial consideration.

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