With the advent of widespread technology, more people are now taking the home selling process into their own hands. It has never been easier to post listings, find the correct paperwork, and advertise your home on your own. We can search online to learn about anything we don’t understand throughout the home-selling process. In this day and age, do we even need an agent’s help to sell our home? Well, let’s consider the services offered
by listing agents.
Pricing. - Listing agents help you determine a fair market price for your home by conducting a comparative market analysis.
Marketing. - Listing agents make sure your home gets maximum
exposure to potential buyers. This includes taking photos of your
home, listing your home on the Multiple Listing Service (MLS),
syndicate those listings, printing flyers, holding open houses, and
utilizing their network to find you a buyer.
Negotiations. - An agent will assist you in negotiating with interested buyers and agents to ensure you get the best value for your home.
Guidance. - From helping you stage your home, to guiding you though closing, your agent will be there to answer any questions you have, and guide you through the entire home-selling process.
Selling your home can be a long and tedious process. Finding an agent to assist you can help you save the time and reduce headache when selling your home. As the seller, you will need to pay both your listing agent’s and the buyer’s agent’s commission. Since this equates to a nice chunk of change, it is understandable that many sellers try to sell on their own.
So, do you need an agent to help you sell your home? Consider the tradeoffs of selling on your own and selling with an agent: saving money on commission fees versus saving time and utilizing expertise. At the end of the day, it is up to you to decide whether to find an agent or try selling on your own. Use this tool to help you make your decision.
For Sale by Owner or FSBO is the process of selling your home without hiring a real estate agent. Think of it as a DIY for home selling. By selling your home yourself, you won't have to pay the traditional listing agent commission. Some people go even further and avoid paying the buyer’s agent commission, though this removes any incentive for buyers’ agents to show their clients your property. Before selling your home yourself, you need to determine if it’s the right move for you.
If you find yourself wanting to pay for some of these tasks, take a step back and calculate what your actual savings are compared to using a real estate agent. Also, consider using a discount selling service or an agent comparison service where agents compete for your business.
Here are some of the biggest challenges FSBO sellers run into, and how to avoid them.
For Sale By Owner provides resources such as guides, contracts, documents, MLS listing, marketing material, and professionals.
FSBO.com provides for-sale by owner resources such as contracts, documents, MLS listing, marketing material, and professionals.
HomeLister provides you with the tools needed to sell your home, with varying degrees of assistance based on the package you choose.
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