Do I need a realtor when selling my home?

| Nov 24, 2016 | Contract Disputes |

Are you one of the many Ohio residents who is considering selling your home? If so, you might not necessarily be selling your primary residence but perhaps a rental home or second property that you own. Either way, you are likely interested in making the best agreement possible to result in a positive financial outcome for you of any transaction. You might even have thought about selling the home yourself.

Bankrate explains that many people are lured into the concept of selling their own homes because of the ability to avoid paying fees to a selling realtor. This is something that is understandable as an agent’s cut of a real estate deal can seem sizeable and eat up a decent share of a seller’s profit. But, before you make this choice, it is important for you to remember that a real estate sale contract is a legally binding agreement. Mistakes made in these contracts or anywhere in the process may be costly – perhaps even costlier than the price tag of an agent’s fee.

Additionally, even if you go it alone when selling your home, you may still need to pay a buyer’s agent. This also means you will need to negotiate with that agent and hope that you are not outdone by someone who knows the system better than you.

This information is not intended to provide legal advice but is instead meant to help Ohio homeowners appropriately evaluate their needs when selling their homes and the benefits of working with a realtor at this time.