FSBO or Agent? What You Need to Know
Some people choose to sell their homes on their own, despite the numerous benefits of working with an agent!
Although you may have heard that working with an agent means you’ll get less money in the end, that has been proven otherwise.
The infographic above quotes Collateral Analytics saying,
“Houses sold with an agent net an average of 6% more than those sold on their own.”
Although there is a percentage the Realtor will make, that number compared to the fees, time and effort you will have to put in, to list, market and follow up, is completely reasonable.
Without the right tools, you could end up listing your house for too much and not get any offers, or sell it for too little and lose money you could have had if you would have used an agent.
All agents have to become certified to sell houses - which means they have knowledge on negotiating and legal documents. Without the right information, you could end up in legal trouble, and may find yourself in the midst of a lawsuit!
However, a real estate agent will be able to guide you through all the paperwork that comes across your desk.
As far as negotiating goes, real estate agents have connections and tools that help them determine the right price for a house, based on what they know it can sell for!
Even though the housing market is low on inventory, a house that is for sale by owner is more likely to sit on the market longer or require a price drop. If the price isn’t set just right, that could send potential buyers running.
Finally, an agent will have the ability to keep you safe and healthy - by choosing when buyers come into the house, and also by providing masks, hand sanitizer and enforcing things like social distancing.
For example, Freddie Mac released these statistics on the changes agents have made to make the homebuying process safer for all those involved:
69% provide personal protective equipment (PPE)
55% offer private home tours by appointment
50% assist with remote closings
48% perform virtual showings
Agents also have a wide network of people to host virtual tours to, and are skilled in marketing online very effectively, with today’s ever-changing technology.
Selling a house takes a lot of work. If you decide to try to sell your house on your own, keep in mind that you will have to be responsible for all the expert-level tasks of a real estate professional.
In the end, having an agent benefits you more than anyone else.