Real estate

Should you use a real estate agent to sell your house? Here’s what Dave Ramsey says

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Here’s how to navigate this important decision, according to an expert.

Key points

  • In today’s market, buyers are desperate to buy homes.
  • Despite high demand, it could still be advantageous to hire a real estate agent to sell.

In a normal housing market, a relatively quick and painless home sale is by no means a given. It’s not uncommon for homes to sit on the housing market for months without a buyer, especially if they’re not priced or marketed well.

Today’s housing market is different, however. Right now, real estate inventory is down and buyer demand is strong. This puts sellers in a strong position to not only get their homes off the market quickly, but also to get high selling prices.

If you’re considering selling your home, there are a few things you need to tackle first. You’ll want to make any necessary repairs to your home, and you’ll also want to make sure you can afford a replacement home to live in. But you might want to add another task to your list: renting real estate. agent.

Even though sellers have the upper hand in today’s housing market, financial expert Dave Ramsey says it’s a good idea to partner with an agent to guide you through the process. Here’s why it’s good advice.

The advantage of working with a real estate agent

Let’s get one thing out of the way: you don’t need to hire a real estate agent to sell your home. There’s no law that says you can’t just market your property and directly negotiate a deal with a buyer. But whether you want to do that is another story.

When you hire a real estate agent, you pay a commission which is usually around 5% of the selling price of your home. Since the proceeds from your sale will also need to be used to pay off your mortgage lender, this is a fee you may want to avoid, especially at a time when buyer demand is strong and pleasing. But there are plenty of benefits to hiring a real estate agent that you might not want to pass up.

First, a real estate agent can help you establish the right price for your home given current housing market conditions. And that’s important, because if your agent thinks you can get away with listing your home for $40,000 more than you would have asked for, it could leave you with a lot more money in your pocket. And a higher selling price could also help cover your agent’s costs. and leave you with remaining money.

Additionally, coordinating screenings and open houses can take time. And chances are you’re a busy person who doesn’t have the ability to easily take on these solo tasks. If you hire a real estate agent, you don’t have to. Instead, your agent will be responsible for these details so you don’t have to worry about them.

Finally, in today’s housing market, it’s not uncommon for homes to end up in bidding wars, leaving sellers with multiple offers to entertain. A real estate agent can help you evaluate the offers you receive and find the right one.

Don’t go alone

Paying realtor fees is something you might not expect to do. But Dave Ramsey insists there are many benefits to hiring a real estate agent, and he’s right.

Selling a home on your own could not only be a stressful experience, but it could also result in you getting a lower selling price than your home might otherwise command. And in today’s market, there really is no need to settle for less as a seller.

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