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Do you need an agent for residential real estate transactions?

Selling your home here in Illinois can be a long and arduous process. Residential real estate transactions come with many moving parts, and you may need help in order to avoid a costly mistake. It makes sense to carefully consider your options before making any decisions as you embark on this endeavor.

First, you may be like many other Illinois homeowners and be emotionally attached to your home. After all, you may have spent years there, watched your children play in the backyard and enjoyed many good times with family and friends there. Those memories and emotions may serve you in the future as you look back on your life, but they may impede your ability to sell your home.

Another decision you will need to make early on in the process is whether to hire a real estate agent. You may be like other people in assuming that you need to hire an agent in order to sell your home. They do provide you with valuable services, but you will also owe them a significant commission when your home sells. You can choose not to hire an agent, but selling your home on your own requires you to conduct your own research regarding price, conduct your own showings and open houses and field any offers.

If you do decide to go it alone, you may still want to consult with an attorney who regularly handles residential real estate transactions to safeguard your interests. Once you sign the paperwork, it may be too late to correct a problem. Enlisting help with the legal and title issues could save you a headache, and some money, in the long run.

Source: investopedia.com, "Selling Your House? Avoid These Mistakes", Amy Fontinelle, Accessed on July 23, 2017

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