Q: Do you really need a real estate agent?
In a word, no. But in a few more words, it depends on you.
If you possess industry knowledge, understand contracts, have the time, patience, negotiating skills, and real estate experience to do it—go for it. There is no legal requirement to work with a real estate agent to buy and/or sell your home. But, if you hesitated on any one of the “ifs” above, you know the answer.
The biggest reason sellers go the DIY route is to avoid paying commissions. Well, according to a 2023 NAR study, the median price for a “buy owner” sale was $310,000. Median for an agent-assisted sale was $405,000! Big difference. Sellers who go it alone tend to leave a lot of money on the table. Buyers without an agent miss out on the knowledge an agent brings to the table; of the market, the neighborhood, finance, home repairs, schools, and a lot more.
Want the greatest savings in time, money, and hassles? Call a Realtor. What you don’t know can cost you dearly.
No, there is no requirement for you to use a real estate agent. But a case can be made that it is a very good idea. For sellers and buyers. Think of it as protection. Why?
Chris Sapp, owner of Revel Realty, says, “Call a Realtor because what you don’t know can cost you dearly. When I bought my house, even I had representation. Buying or selling a home is a huge milestone that can have profound life-changing and financial impact. Make your experience memorable for all the right reasons. Please call us, or someone like us.”
