Definitely. Real estate agents have a large customer base, and your old home may be the perfect new home for one of their customers. Also, people new to the area or those that don't have a lot of time to house hunt will be more apt to use an agent, and free them up for other commitments.

New buyers who don't know the business that well generally go with an agent to make the learning process less bumpy, and easier to understand. Again, this is why we have real estate agents, to make your lives easier.

Q

Who decides how much I will sell my property for ?

The decision on whether to accept, reject or counter offer any offer you receive on your property is entirely up to you. No one can sell your house but you. Your real estate agent will help you make that decision by providing you with all the information and pertinent facts relating to the offer to let you make an informed decision.

Q

What if I price too high?

An overpriced piece of property is typically one that will stay on the market for a long time. By increasing the price tag on your house or building, you cut out a large group of buyers who may be ready to buy now, but can't float the bill.

Usually, a house stays on the market for a while at one price, which decreases as time moves on. Once again, this will cause your house to be on the market for quite a while as buyers wait for your home to come into their price range. If you plan to do this "just to see," then draw up a schedule for yourself scaling down the price of your house so that it is at a marketable value after 6 weeks. You never know, you might get lucky!

Also, you and the buyer may agree that your property is worth a greater amount, but when they go and try to get a loan, the appraiser may not agree. The lender will loan the lesser of two figures. The asking price of the house, or the appraised value. If your price is too high, the bank may not approve their loan, and you will lose the sale. Now might be a good idea to come down on that price!