When selling as an owner, many people think they will save thousands of dollars by not using a realtor. While it is extremely tempting to save money on the commission, there are many risks that outweigh the benefits:
Having less potential buyers for your property (hopefully qualified buyers),
Not knowing how to negotiate properly and
Not realizing the time that you must dedicate in order to find a buyer.
Not having experience or expertise in this field to help navigate legal and regulatory requirements that come with selling a property.
Additionally, realtors might not show a FSBO property. The buyer’s agent knows there won’t be a professional to work with and they also know the risks and hassles of trying to close a deal without a professional representing the seller and without a guaranteed commission.
Real Estate is a full time job. Can you excuse yourself from work every time your phone rings with a potential buyer? At the end of a long work day, are you going to have the energy to take advantage of all opportunities to market your home? Do you have any experience with anything relating to real estate? Most people would answer no to this question. You will also get the safety of having a lockbox on your door that allows agents to access your property when you are not available.
Price negotiations are definitely another factor you have to consider. Even with sales experience, realtors go through hundreds of hours of training and, depending on the agent you decide to use, they have many years of experience selling hundreds of homes.
Whether you are doing a FSBO or choosing a realtor, it’s no small task to sell your home. While these are not all of the risks or benefits to having a realtor or doing a FSBO, you definitely want to do your research. Having a trusted agent by your side is going to help you every step of the way. You don’t want to miss out on the opportunity to work with one of our realtors. Reach out to us today and we will get you in touch with the realtor that works best for you!