Should I Work With A Limited Service Agent?
Published on June 29, 2023 | 2 Minute read
Melanie
Ortiz Reyes
Content Specialist
If you're considering working with a limited-service agent, knowing how they differ from a full-service agent is important.
Limited-service agents can be a cost-effective alternative to your home-buying or home-selling process, as they typically charge a lower commission than full-service agents. This is because they offer fewer services and responsibilities in the transaction, making you responsible for the services they won't cover.
Tasks designated to the seller could include scheduling showings, conducting property research, or negotiating directly with the other party. Keep in mind that these tasks can be time-consuming. Therefore, deciding whether or not to work with a limited-service agent will depend on your needs and comfort level. It would be best to determine which tasks you are comfortable handling yourself and which ones you require assistance with. Communicate these requirements to the agent so they can tailor their services accordingly.
Another factor to consider is that a limited-service agent might provide less guidance and expertise throughout your selling process. If you're a first-time seller and want more guidance, working with a limited-service agent might not be the correct choice.
Negotiating offers and navigating the transaction process can be complex. A full-service agent can handle negotiations, manage paperwork, and properly address all legal and contractual aspects. If you're not confident in your negotiation skills or prefer to have someone handle these aspects on your behalf, a full-service agent might be a better fit for you.
Take into account that a limited-service agent may not have access to the same marketing platforms as a full-service agent. Reduced exposure for your home could slow down the selling process since fewer potential buyers would be aware that your home is for sale. Some limited service agents specialize in specific aspects of the selling process, such as listing services, marketing, or contract preparation.
Before deciding whether or not to work with a limited-service agent, consider the complexity of your local market, the time and effort you're willing to invest, and your confidence in handling aspects of the selling process. If you want more control of the sale and pay less money for the agent's services, a limited-service agent would benefit you. Consulting with both limited-service and full-service agents can provide insight and help you make an informed decision based on your circumstances.