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Should You Hire a Real Estate Agent or Sell Your Inherited Property Yourself?

If you've recently inherited a property and want to sell it, one of the first decisions you'll need to make is whether to sell it yourself or hire a real estate agent. Both options have their pros and cons, and the right choice depends on your situation and goals. In this blog, we'll explore the advantages and disadvantages of each option to help you make an informed decision.



Selling the Inherited Property Yourself


Pros:

  1. You can save money on real estate agent commissions, which can be up to 6% of the sale price.

  2. You have more control over the sale process, including setting the price, marketing the property, and negotiating with potential buyers.

  3. You can sell the property as-is, without making any repairs or improvements.

Cons:

  1. You'll need to invest time and effort into marketing the property, showing it to potential buyers, and negotiating the sale.

  2. You may not have the expertise or resources to accurately price the property, market it effectively, and handle legal and financial issues.

  3. You may not have access to the same marketing channels and resources as real estate agents, such as online listings, professional photography, and home staging.

Hiring a Real Estate Agent

Pros:

  1. Real estate agents have the expertise and resources to accurately price the property, market it effectively, and handle legal and financial issues.

  2. They have access to a large network of potential buyers and can market the property through multiple channels, such as online listings, print ads, and open houses.

  3. They can provide guidance and support throughout the entire sales process, from preparing the property for sale to closing the deal.

Cons:

  1. You'll need to pay real estate agent commissions, which can be up to 6% of the sale price.

  2. You'll have less control over the sale process, including setting the price, marketing the property, and negotiating with potential buyers.

  3. You may need to make repairs or improvements to the property before it can be listed for sale.

Ultimately, the decision to sell your inherited property yourself or hire a real estate agent depends on your goals, resources, and comfort level with the sales process. If you're looking for a fast and hassle-free way to sell your inherited property in St. Petersburg, FL, consider working with New Limits Homes, LLC. We buy homes in any condition, and you won't have to worry about paying any commissions or fees. Contact us today to learn more.

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