If you are listing your home as a FSBO, or For Sale by Owner, you may run into some issues that might possibly make your experience stressful and unsuccessful. Listing your home for sale by yourself can save you your commission fee that goes to your agent; however, there is a cost that comes with selling our home without a real estate agent. Here are a few reasons to consider before deciding to sell you home on your own
1. Realtors can sell your with less hassle
It is estimated that only about eight percent of sellers that do FSBO are successful in their transactions. Saving money on an agent’s commission is absolutely a pro, but sometimes it isn’t worth the hassle when it comes to gathering signatures, working with your mortgage lender, and utilizing all of the tools that real estate agencies have.
2. Realtors will protect you legally
Protecting yourself financially, legally, and physically are just a few reasons to consider using a real estate agent over selling FSBO. Scams can be avoided, lawsuits and fraud can be deterred, and security of yourself and your home can be protected when using a licensed real estate agent.
3. Realtors can sell your home for more money
FSBO’S have a median selling price almost 15 percent lower than those who use a Realtor. Because FSBO’s have to reply on their own marketing to get the word out on their home, it may take months to sell it in which time you may get discouraged and accept a lower offer. You are also spending your own cash to market the home. An agent can get your home listed on the MLS (Multiple Listing Service) and other websites that buyers and other agents can easily access making it more available to potential buyers. This also syndicates it automatically to thousands of other real estate websites across the web. Listing your home FSBO means you have limited options on where your listing can show up meaning less buyers looking at your home.
4. Selling with a Realtor is faster
Selling a home by yourself involves qualifying a buyer, paperwork, phone calls, showings, pricing the house accurately, marketing and advertising, open houses, and ensuring all details in closing. Many things can get missed during this process or be done incorrectly causing issues and delays. FSBOs have been shown to stay on the market relatively longer than homes listed through an agent
Selling a home is a full-time job in every sense. Allowing a real estate agent to help you buy or sell your home will help you have a successful transaction, save you money and time, and leave you confident in your decision.
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