5 Reasons Why Home Sellers Choose Agents Over FSBO
Good reasons to use a real estate agent
It’s amazing how many people gush about FSBO or For Sale By Owner when it comes to talking about selling a home. Oh you’ll save so much money or why do you want to throw away 6% to an agent when you can do it yourself! These are the kinds of comments you hear but how many people have actually sold a home successfully using FSBO is what you should be asking yourself. The truth is, not many. While DIY may be a great way to fix that pesky screen door or repair a broken kitchen cabinet, it’s not the smartest way to go when selling a home. In fact, over 82% of home-sellers opt to use their local real estate agent over FSBO and here are 5 good reasons why.
Selling a home at the right price
Agents know how to price a property to sell; it’s that simple. One of the biggest mistakes made by FSBO sellers is overpricing their property. A good real estate agent is a seasoned professional who does this for a living and knows how to make sure a home is sold quickly and profitably.
Selling a home as a FSBO means buyers’ agents won’t show it
Fact: most people buying homes today use an agent. Fact: most agents won’t bother to show your home if you’re doing a FSBO sale, so most people won’t even see your house. Result: home doesn’t get sold as quickly (if at all). Also, when selling a home, only real estate agents can list it on the MLS, which really is a must if you are serious about selling.
Screening potential homebuyers
How can you tell the difference between someone who is serious about buying and some crank who’s just jerking you around? Generally, you can’t but an agent can. Buyers brought in by agents are genuinely interested in buying; otherwise, the agent wouldn’t bother wasting everyone’s time. Many FSBO sellers fall victim to people just looking for a bargain because they know it’s a FSBO sale and think they can pick up something cheap.
Agents selling a home will market it to other agents
Does this mean your agent will try to sell your home to another agent? No. But your agent knows that the majority of prospective homebuyers have engaged a buyer’s agent on their end. Therefore, they’ll use the agent network to get them to show your house to their clients. Increased viewings mean increased interest and, at the end of the day, a quicker sale.
Doing the admin when selling a home
It’s a nightmare – there’s no other way to put it. If you’re not familiar with the paperwork and documentation involved when selling a home, it can be truly overwhelming. This is where a real estate agent’s assistance is not only invaluable but absolutely essential in order for things to run smoothly. Because real estate legalities can be complex, unsuspecting sellers could quickly find themselves in legal hot water if they haven’t prepared their paperwork properly. Remember, no court will accept ignorance as an excuse!
The real estate game has changed considerably from the days when you had no choice but to employ a full-service real estate agent when selling a home. Today, with websites like Sundaybell, which let you negotiate services and fees with agents, there are many more options available if you decide you don’t want the full package. But there’s one thing hasn’t changed: using a real estate agent when selling a home is the smart thing to do, plain and simple.
We want to know how many of you agree, so write in and tell us. Or, if you think we’re wrong, tell us your reasons why – we really want to hear from you!
Contact Information:
Sundaybell Inc.Toronto, Ontario, Canada
Toll Free: 1-855-786-3291
Email: info@sundaybell.com
Contact: Andrew Brest, VP Marketing
Cell: 905-978-2995
Email: andrew@sundaybell.com
Hours of operation: 8:30am-11pm daily
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