In the industry, homeowners who try to sell their home on their own are known as For Sale by Owners or FSBOs. While it may seem like a great idea, there are plenty of reasons why you shouldn’t try to take the sale of your home into your own hands.
1. There are many people involved.
Here is a list of some of the people involved in the sale. It can become very overwhelming for the inexperienced seller.
- The buyer who wants the best deal possible
- The buyer’s agent who’s sole responsibility is to protect the best interest of the buyer.
- The buyer’s attorney
- Your attorney
- The home inspector, who is working for the buyer
- The appraiser
- The banks
2. Exposure to Perspective Buyers
Recent studies have shown that 92% of buyers search online for a home. The Eberle Real Estate Experts pride ourselves on our innovative, proven digital marketing. The days of selling a home by putting an ad in the paper and a sign in the yard are long gone.
3. Sellers Net More Money When Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own. The main reason a buyer would look at a home being sold by the owner is because they ALSO believe they can save on commission. Obviously, both parties can’t save. Someone has to give. The buyer doesn’t have anything to lose and can easily walk. This often leads to a FSBO caving and giving away more than they should.
Studies have shown that the typical house sold by the homeowner sells for $184,000 while the typical house sold by an agent sells for $230,000.
We understand why some sellers are skeptical of real estate agents. We’d like to ease your fears. Please feel free to contact us for a free consultation. And don’t forget that you can always get a free, no obligation value of your home by visiting www.518GuaranteedSale.com