Real Estate Matters
By Elisa Jo Eagan
If you are thinking about selling your home yourself, these truths might convince you otherwise.
A lot of homeowners are convinced that if they are willing to put in a little more effort on their own, they will turn a bigger profit when selling their own home. But in most cases, people who sell their own home work too hard and end up with less money in their pocket than they would have by getting some help from a real estate agent.
Take the Road More Traveled
Statistics show that For Sale By Owner (FSBO’s) typically account for only a small percentage of home sales, with difficulty in getting the highest price named as the common complaint among FSBO sellers.
Other complications for FSBO sellers include handling all of the paperwork associated with the sale and having enough time to dedicate to the process.
Why Settle?
Taking the FSBO route likely means that you are going to end up working much harder than you need to, and you will end up with less money to show for it, as FSBO homes typically sell for less than homes that are sold with the assistance of an agent. FSBO selling prices are typically even lower when the buyer and seller know each other.
Experience Matters
Studies show that about half of FSBO sellers do not actively or properly market their home, and those that do often rely on friends and neighbors to help them with their promotional efforts.
By partnering with an experienced real estate agent, sellers have the advantage of working with a professional who has the expertise in promoting homes for sale.
Giving a cut of your profits from your home sale may seem costly, when in actuality the agent only makes a few pennies out of each dollar of your sale price.
Consider how you would lose by not allowing a professional agent to help you, to negotiate for you, to sell your home at the highest possible price, with the least amount of hassle to you.
For real estate information and advice, contact Elisa Jo Eagan, the “Real Estate Godmother,” at 609-703-0432. Learn more at www.TheRealEstateGodmother.com.
For More Real Estate Questions, Information and Advice Contact Elisa Jo Eagan “The Real Estate Godmother” (609)703-0432 and Remember…”There’s No Place Like Owning Your Own Home!”
