Selling a home is not a simple as sticking a sign in the yard and placing an ad on Craigslist. Many For Sale by Owner (FSBO) sellers donât realize the amount of work, expertise and time it takes to sell a home. More often than not, FSBO sellers eventually turn to a real estate agent to sell their home.
Statistically, home owners who hire a real estate agent net more money for their home than they do when selling the home themselves.
When selling your own home, you are responsible for all the marketing costs for flyers, signs, online listings and other potentially unforeseen expenses. These costs can add up to hundreds of dollars depending on how much marketing you are willing to do.
Sellers often forget that selling their own home is time consuming – and as the saying goes, âtime is money.â Selling your own home requires long hours of research and marketing efforts, not to mention hiring a professional to write a contract for you to avoid any liability.
Although it is possible, in our experience, sellers who want to save the sales commission rarely do so. Most home buyers use a real estate agent. The few who donât are bargain hunter buyers seeking FSBO homes, expecting to save money. Buying for less is their main goal and this is typically reflected in low offers.
Opportunistic speculators and investors usually offer less for a FSBO home. Without an agent to represent the ownerâs interests, sellers may end up accepting an offer below theÂ value of their home.
Real estate professionals are knowledgeable about the local market and know the highest price a home is likely to bring. A real estate professional can advise the seller on the right price for their homeÂ to get the most money.
A real estate agent has experience, expertiseÂ and a large network of personal and professional contacts with other agents with the local area and beyond. Client, agent and agency relationships will boost the marketing of your home and expose it to the largest number of potential buyers.
In contract negotiations, a real estate agent not only is trained to negotiate with your best interest in mind, but is also in a better position than an emotionally involved seller. The result will be a more profitable contract for the seller.
Showing and marketing a home is a full time job and many FSBO sellers just donât have the time. Are you really ready to put your life on hold for showings at all hours? Do you even know if the person interested is a ârealâ buyer? More importantly, will you be comfortable with showing your home to anyone who knocks on your door? If you answer âno,â you might want to reconsider selling your home without an agent. It will not only be time consuming and stressful but it can also lead to a potential dangerous situation.
Feel free to contact Jean Groesbeck & Assoc. LLC. for a complimentary, no obligation, real estate market analysis of your home. We are the #1 seller of pre-owned properties in Skagit County and know the importance of getting you top dollar for your home!
We are available daily at (360) 941-3734 or via email at Jean@JeanGroesbeck.com.