Thanks to the Internet, there is now a feasible alternative to using a real estate agent when selling your home. It’s not the conventional “for sale by owner,” however (FSBO). Instead, you can use one of the many online businesses to list and sell your house. Although many sellers appear to have benefited from these services, it remains unclear whether going this path is preferable than working with a real estate agent. Let’s compare online services versus hiring a real estate agent to sell your home in Chicago order to find out.
Advantages of Selling Through Online Services
The typical method of working with a real estate agent is very different from sell your home in Chicago via one of the online platforms. So you might be asking yourself why you should even think about it. There are many benefits to doing this, including.
Hassle-Free
Selling entirely online is much less work than selling conventionally through a real estate agent. Dealing with the sale of your home doesn’t take up nearly as much time as you would think. Simply stage it, list it, and then sell it according to your schedule and terms.
Quicker Sale
Selling online is also a good option for sellers who want to sell quickly and/or for cash to an iBuyer or house flipper.
Willing Buyers
Today, especially since COVID normalized remote home buying, many more buyers are willing to buy a house online and sight unseen.
Can Save Money and Time
You can utilise virtual staging to reduce the cost of staging when selling online. Additionally, by selling online, you can avoid investing the time and money that would be necessary in the conventional method with an agent, such as hosting open houses.
Benefits of Using a Real Estate Agent
Despite the advantages of selling through an online service, using a real estate agent can afford even more benefits when you sell your house in Chicago. These include . . .
Access to the MLS
“Agents have access to the multiple listing service (MLS), which is a database that organises listings in a certain area for web portals and other real estate professionals. A real estate agent can list your house in the local multiple listing service, which will advertise it on other popular websites with large audiences. This increases your likelihood of receiving the deal you seek.”
More Marketing Advantages
To assist you find the ideal buyers and negotiate a better price, a skilled real estate agent can also use the most recent marketing techniques and technologies. “These days, advertising a home is a kind of art that frequently uses films, drone photographs, and 3D technologies. When you partner with an agent, you’ll have someone committed to doing the bulk of the work required for these marketing initiatives.
Optimal Pricing Assistance
Selling your home successfully depends on setting the price appropriately, or in line with market value. A skilled realtor may conduct a comparative market research to ensure that you don’t price your home too high or too cheap and end up selling it for more money. According to NAR data, the average property sold in 2022 with the assistance of a real estate agent cost $345,000. In contrast, homes sold without an agent cost $225,000.
To find out more about how a Chicago agent can assist you with optimal pricing, call (773) 360-3470 .
Help With Staging and Showing
“Agents also excel at staging a home for sale, either themselves or with a professional stager, ensuring your home will look its best to attract more buyers.”
Your real estate agent will save you time and effort by hosting “open houses and private showings and can coordinate with all of the vendors involved in the process, including appraisers, home inspectors, title agents, and notaries.”
Negotiating Expertise
A good agent will also be skilled and experienced in negotiating the best feasible offer (one of the main reasons houses sell more with an agent). Your realtor may often negotiate a higher price for your house, better terms, a more convenient closing date, and better conditions for you with regard to concessions by using her experience and knowledge in this field.
Find the Right Real Estate Agent
So should you sell your home in Chicago through an internet service or through a real estate agent? At this point, it should be rather obvious that the balance is tilted more in favor of the agency side for the majority of sellers. The advantages of selling through one of the online platforms barely surpass the advantages of utilizing an agent. However, you do require a skilled, educated Chicago agent; we have the agents that can help. Contact us right now at (773) 360-3470 if you’re thinking about selling your Chicago home and want the benefits that a knowledgeable agent can provide.