For Sale by Owner Facts
Before I was a licensed Realtor® I did the same thing you are doing now – I tried to sell my property without a real estate professional. Needless to say, after much stress and wasted time, I ended up listing with a Realtor® for the following reasons…
If you do not use a Realtor® your listing does not go into your local multiple listing service (MLS). If you want maximum exposure for your home, it must be in the MLS; this is a huge data base of homes that is connected via the internet to Realtor.com. Statistics show that most people go to Realtor.com to search for homes.
The process of attracting buyers, being available to show your house, providing property disclosures and making the sale requires knowledge and many hours of work. In addition, if you are not well versed in writing real estate contracts you must hire an attorney or run the risk of having legal issues. Why spend your valuable time and money on an attorney when a realtor® can do it for you and do it more efficiently?
Realtors® will price your property correctly. Realtors® have information on recently closed sales and pending sales in your neighborhood. Often times, an owner will price his/her property according to what their neighbor did…This method rarely works.
A realtor® can show property much more objectively than the owner can. It is often difficult for an owner to hear negative comments or criticism about their home. A realtor® will handle all showings and questions regarding your property.
It PAYS to use a realtor®! Statistics show that Sellers make more money when they use a real estate professional….Yes, you heard correct…if you are trying to “save money” by doing it yourself, please read on:
The median for-sale-by-owner (FSBO) selling price in 2004 was 15.4 percent less than the median agent-assisted transaction price. It appears that sellers wanting to save money by not using an agent