Is it worth selling your home yourself?
As you may have found, you can save money not paying an agent. Although you will lose the benefits of real estate professionals, many factors apply.
In tough times, most people are looking to cut costs any way they can. And with selling your home, who wouldn’t want to save a few extra percentage points? That’s typically what selling agents make on real estate transactions and most experts say don’t sell alone!
It’s true that anyone can shop for any house online and even set an appointment for a tour. Even without formally signing on with a real estate agent. But unless potential buyers find your home somewhere, not having an experienced agent might cost you more then you think your saving. Here are a couple key factors to the before you try (FSBO) For Sale By Owner.
1. Buyers’ agents may not want to show your property to their clients.
In a for-sale-by-owner (FSBO) deal, the buyer’s agent knows there won’t be a professional colleague on the other end of the transaction. Even if a client wants to see your home, the agent might discourage making an offer, explaining the hassles and risks of trying to close the deal without a professional representing the seller – and without a guaranteed commission.
2. It’s hard to keep your emotions out of the sale.
Selling your home is a standard emotional process, you have memories, lived in it etc. Having an agent keeps you removed and makes you less likely to make a bad mistake, such as overpricing your home, refusing to counter a low offer because you’re offended or giving into easily when you have a deadline for selling or even not spotlighting what is the best part of your home.
3. Agents have a large network waiting for you.
Yes, you can list your home yourself on Zillow, Trulia and even the Multiple Listing Service (MLS) that agents use. But real estate networking plays a huge factor. Even if you have a large personal or professional network, those people are most likely not going to assist or spotlight your house. You don’t have relationships with clients, other agents or a real-estate agent to bring the largest pool of potential buyers to your home. A smaller pool of potential buyers means less demand for your property, which can translate to waiting longer to sell your home and possibly not getting as much money as your house is worth.
In the end, you could be missing key points. Such as :
So always look at all the options you have and if you any questions, reach out to RDC Affiliates of Allison James and Estates
~RDC Affiliates Powered by Allison James Estates and Homes “Your Local Collegeville, Pennsylvania Real Estate Team”.