Private Real estate agents work tirelessly seven days a week to get any property sold. And we all thought that it as a piece of work, didn’t we? However, it is not that easy of a task!
Now let’s estimate how much they get back out of this real hard work. Let’s say if any agent has to sell 15 Private Real Estates, that would lead him to spend approximately six hours on one property on average. Their commission is about 2% per deal. This doesn’t include any other advertising charges. Altogether, an agent earns about $2,500.00 an hour. Trust me that is a lot of money!
That makes the point a lot easier to explain i.e. if you sell your home without any external help from an agent, then you would earn $2,500.00 an hour. Isn’t it amazing? You might think that you don’t stand chances of earning that much because you wouldn’t possibly have real estate knowledge and expertise that agents gather with years of work in this field. That means agents are worth every penny that they are paid for.
Well, this doesn’t really take us to the point that agent does all the work. Home owner is just an equal and sometimes even a greater contributor to closing the deal.
This is because it is actually the owner who puts into efforts to clean and maintain the house and do any necessary furnishing that is required. So yes, a home owner is equally to be credited.
Sale Contracts are also designed for the purpose. This is the job of a Real Estate Agent. This involves taking all the considerations of the home owner regarding his legal representative and other issues and documenting it properly. However, the final job of documenting the whole contract lies with your lawyer.
Another job that rests with the agent is arranging the For Sale board and the photographers and all other advertising material like brochures and placing ads online to name a few, to market the property to the best of his abilities. He also writes a brief catchy description of the property.
Talking about the work of an agent only does not mean that a Home Owner does nothing. A Home Owner should be credited just as well as he furnishes and keeps the place look clean and pleasing to the eye. Many Home Owners even go to the extent of doing final touch-ups to the property before offering it up for sale.
So if you think that whatever an agent does is simple, then you might want to get started with the experience by selling your own property as you know your property the best.
In addition to real estate marketing, this writer also regularly writes on sell your own home and We Buy Ugly Houses.