Here Are Some Compelling Reasons Why Smart Sellers Use A Pro
Here Are Some Compelling Reasons Why Smart Sellers Use A Pro.
Probably one of the biggest expenses when it comes to selling your home is the real estate agent commission, which typically runs around 5%. With more expensive properties, this figure can reach six figures, which can be a lot of money to pay.
Your home is a big investment and you want to keep as much as possible when you sell, and this is why some sellers go the FSBO – “For Sale By Owner” – route.
But do they really save that much? Remember, selling your home on your own does not necessarily mean an agent free commission. You still have to pay the buyer’s agent his/her commission, and this reduces your savings.
So why would you use a real estate professional to sell your home?
Strength in numbers.
According to the NAR (National Association of Realtors), in 2014, 88% of buyers used a professional realtor to purchase their home.
A real estate agent has one of the most powerful sales tool in the industry – the MLS (Multiple Listing Service). Using this service gives thousands of potential buyers access to your listing.
Your realtor will also have a comprehensive marketing plan that exposes your home to as many buyers as possible and works hand-in-hand with you to ensure that your home gives a fantastic first impression.
Let’s face it, a successful real estate agent will have probably sold more homes in a month than you will in your lifetime. Their life revolves around their business 24/7.
Research has shown that FSBO sellers struggle with preparing their homes, paperwork and pricing. On the other hand, a professional realtor will help you based on his/her experience on the following:
Pricing your home based on the neighborhood and latest market data
Advising you on what repairs should be done and which should be omitted
Advising you on how to stage your home
Marketing to potential buyers
Scheduling with buyers to see the home and discussing issues with them
Negotiating with buyers to get the best possible price for your home
Handling all the paperwork thus relieving stress on your part
You can save money buy doing an FSBO listing. But you can lose much more by not pricing the home at the correct market value, or by omitting repairs that will cost you when it comes to negotiating the price because you thought they were unnecessary. By doing an FSBO listing, the main method of selling your home is by a yard sign – how many people drive by your home on a given day, compared with an agent’s pool of buyers?
If you’re planning to sell your home, why not work with the best of the best? We have sold hundreds of millions of dollars worth of homes. Contact us or call us on 604 913 1000.