FSBO
vs a Realtor
Many people are making
the choice to sell their homes themselves. While it is said that
this method of home sales can save an owner money in commission
fees, it should be noted that usually the money saved in commission
is spent in other areas. Typically an agent's commission for a home
sale is approximately 5-7%. However what many people do not realize
is that it will cost them at least that to see that their home closes
properly. There are many costs that the average home owner does
not know about that are covered in the sales process by a realtor.
The sale of a home is
a major undertaking. It is kind of like taking on a second full
time job. The marketing of a home itself can be a costly and time
consuming process. A realtor has a great selection of advantages
when it comes to marketing a home. Usually they will have a previously
established web presence. This is vital in ensuring that your home
receives proper coverage and exposure. The first time that many
prospective buyers see your home will be on the internet, not only
on the realtor's site but on the local MLS as well. This is one
aspect that is difficult to attain when selling a home yourself.
Realtors also have the advantage of being able to take out full
page color ads in the local newspapers to showcase their listings.
The main area where a
realtor's experience comes into play is during the contact negotiations
and execution. Agent's are trained in the proper execution of contracts
and all aspects of closing a home. This part of the selling procedure
can be extremely confusing and expensive. There are numerous lawyer's
and notary costs that can easily inflate a sellers cost beyond the
small saving on commission. Also, take into account the fact that
a large percentage of people who attempt to sell their homes on
their own, eventually end up listing with an agent when their home
does not draw the necessary attention to sell in a timely manner.
Add to this the fact that homes sold with an agent typically close
for over 20 thousand dollars more than homes sold by owners and
suddenly an agent becomes a fairly attractive concept. Remember,
it is likely that a professional agent will be able to dedicate
more time to the sale of your home than you. After all, you have
to work yourself, and for an agent, selling your house is the work.
For more interesting
articles like this one, check these sites out:
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