Sellers
Seven Reasons to Hire a Real Estate Agent VS Selling Your Home by Owner
- Selling FSBO versus selling through a real estate agent cost the seller on average 32 percent at closing. If you do the math, based on a 5% brokerage fee the seller receives over 640 percent return on their investment in an agent.
- 87% of homes sold are through the MLS. Without the MLS, FSBOs will experience significantly less market exposure.
- Real estate agents have been through many transactions and have the know-how to deal with the paperwork and legal ramifications that come with selling a property, unlike sellers who may have experienced a handful of transactions over their lifetime.
- Without an experienced negotiator acting as the buffer between the seller and the buyer, the home may sell for less then it's potential.
- Real estate offices have the advertising tools to easily expose their property to buyers. This includes advertising contracts with newspapers and internet firms. Also, a brand name real estate office handling the transaction provides reassurance the transaction will go smoothly.
- Selling a home by owner requires tremendous time and footwork, all of which an agent is willing to take on.
- Without the MLS, sellers will not be able to create an accurate market analysis. This will lead to an over priced or under priced home. Either way, this is not good.