Thursday, October 16, 2014

FSBO - Does it Save Money to Sell your home Yourself?

Approximately 10% of home sellers attempt to sell their homes themselves in an effort to avoid paying the REALTOR commission.  Of those For Sale By Owner (FSBO) listings, over one third of home sellers do not do any marketing on their home, and 64% do not offer any buyer incentives.

Many FSBO's think they don't need an agent to list their home because they plan on selling to someone they know. Why spend time and money on marketing and Agent commissions when you already have a buyer signed up, right?

Here is why: In 2013, the typical home sold by the owner him/herself sold for $184,000 compared to $230,000 for homes listed and sold by agents. That is a difference of $-46,000! On a $230,000 home, the total commission paid would be $13,800. That means that in an effort to save money, FSBO's may actually lose an average of $-32,200!

Why the difference? What do Listing Agents know that FSBO sellers don't? First of all, we know how to market your home to today's buyer. In addition, we also market your home to other Agents, and we put your home in the Multiple Listing Service. But that is not all - we also hold open houses, get out in the community, and network, network, NETWORK to get your home sold.

If you are ready to list your home with a professional real estate agent who will get your the highest dollar in the quickest amount of time, then contact Mary Kay Beckman today at 702.686.2695.