Posted on
September 26, 2011
by
Ryan Gillen
Benefits of listing your home with a Realtor:
• Realtors know the market and can help you get the best price for your home.
• Realtors have a vested interest in selling your home for the highest amount possible.
• Realtors have far greater resources for locating buyers and bringing them into your home, such as the Multiple Listing Service (MLS) which lists recent sale prices of homes similar to yours in your neighborhood - this is the key to determining your home's worth.
• Realtors advertise your home in the MLS, Realtor magazines, classified ads, on Realtor.com, and will hold open houses.
• Realtors make sure in advance that prospective buyers are financially able to buy your home.
• Realtors aren't emotionally invested in your home so we will keep cool level heads during the negotiation process.
• Realtors save you valuable time, working many hours behind the scene when we are not in your presence.
Did you know?
• When buyers consider a home for sale by owner (FSBO), they discount any offer made in recognition that there is no commission. Put yourself in the buyers' shoes. The dollar savings that you initially anticipated is considerably less than expected.
• Advertising costs of selling your own home can amount quickly and consume any savings you might expect from trying to sell your own home.
• Studies by the National Association of Realtors have consistently demonstrated that FSBOs average a lower sales price than professionals. For example, the 2005 Profile of Home Buyers and Sellers indicated that FSBO sales sold for more than 13% less than comparable homes sold by a real estate agent.
• FSBOs take longer to close and don't sell for as much per square foot as similar homes sold through an agent.
• Since FSBO properties do not sell as quickly as a home listed with an agent, carrying costs (i.e. mortgage, taxes, insurance, utilities, and repairs) will inevitably eat into any profits derived from the sale of the property.
• You are much more likely to get multiple offers when your home is professionally marketed.
