WHY HIRING A TEAM OF AGENTS TO SELL YOUR HOUSE WILL BENEFIT YOU THE MOST
So you’ve decided to sell your house and aren’t really sure what to do next. Should you hire a solo agent or an established team of agents for the same price as one? Let’s review.
A team consists of multiple agents and staff members conducting their day to day operations to run an efficient and successful business.
It could come in many forms and how they operate can be different from other teams. One example of a team structure could be one individual agent that is the face of the organization while other team members operate behind the scenes as the backbone of the business. Another example of a team structure could be multiple listing agents, buyers agents, transaction coordinators, admin staff, and so on.
Think of it like Chick-fil-a, they have a proven system that works and gives customers a high satisfaction rate. It’s a streamlined process.
A solo agent is just that, solo. They are wearing every hat and have multiple jobs so to speak. A solo agent is their own admin, their own listing and buyers agent, transaction coordinators, etc. They handle everything themselves.
PROS & CONS WHEN HIRING A TEAM
There are some pros and cons when it comes to hiring a team rather than a solo agent so let’s review them together.
- A team has an established system in place streamlining the entire process.
- With a team you get multiple people assisting you with the sale of your house for the price of one.
- Chances are a team is working with many buyers and sellers, which could result in client matching (meaning you may not have to deal with showings).
- There are designated people to perform daily tasks, therefore minimizing the chances of a single agent becoming overwhelmed and backed up.
- They may not always be easy to get in touch with before or after business hours.
- You could end up working with more than one person, rather than just one. (Example: After your house goes under contract with a buyer, you could be speaking with a transaction coordinator as well as your listing agent.)
- If you need heavy attention or have certain needs such as speaking with your agent every day, a team could prove difficult for you.
PROS & CONS WHEN HIRING A SOLO AGENT
Just like hiring a team, hiring a solo agent also has its pros and cons. Let’s review a few of those real quick.
- It could be easier to get in touch with a solo agent.
- You may get a more personal approach since you are only working with one person.
- Solo agents could have less pending transactions than teams, giving your listing more attention.
- There is typically less structure, but possibly more availability.
- It can be easy for an individual agent to get overwhelmed with all of the tasks they are required to do themselves.
- They may be too busy and not have enough time to give your listing the attention it needs.
- There may be growing pains if they are in the middle of building a team, causing there to be a lack of performance in their duties to you as your agent.
- There is no task delegation to other team members, they do it all themselves, making their schedule a little more difficult to work around.
So there you have it, the pros and cons of each. But which is better? I think this answer really depends on you and what you are looking for. If you want someone you can call nearly every day, a solo agent may be better for you. And if you are looking for a streamlined process with a personal touch, then maybe hiring a team is the better option for you.
The bottom line is, selling your house is stressful enough, so interview agents and teams to select the one you feel is the right fit for you. There is no right or wrong answer here. But obviously we think hiring a team is the best route. :)
Let’s see if we are the right fit for you! To schedule a phone call or in person meeting click here.