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As a home seller you face the difficult task of marketing your house to potential buyers. Given the difficulty of advertising to the people who are most interested in buying, you might choose to hire an agent to help. Hiring an agent has several pros and cons:
1. The agent will list your property in the MLS (Multiple Listing Services), a national database of homes for sale, which is available on thousands of websites. Only licensed realtors can list there, and all realtors can access the database.
2. Real estate agents know how to market, negotiate, and coordinate everything you need, including getting a home inspector to view the house.
3. Real estate agents are less likely to make mistakes in the process because it is something they do for a living and their paycheck depends on a smooth sale.
1. Hiring an agent is expensive. Real estate agents usually receive commission of 4-6% of the final sale price.
2. You don't need an agent to have your home listed in the MLS database - if you know what you're doing, you can hire a "flat rate" broker to list your property for a low fee.
When hiring a realtor, make sure that you are not hiring the same agent as the buyer, allowing him to "double" and splitting his loyalty. If you find yourself not getting on well with an agent, look elsewhere, as it's important that you have a good relationship with each other.