So your wondering if you need a Real Estate Agent, right? Your thinking . . . look at all that money I could save if I did it myself. But are you really aware of everything that is involved? Selling a home may appear to be easy. Those who have tried it (17%) agree that it is not.
27% of For Sale By Owner Sellers said the most difficult task was understanding and performing paperwork.
There are lots of legal issues that you may not be aware. Real Estate Agents and Real Estate Brokers hold licenses and maintain education to ensure the best possible service. You don’t want to find yourself in a difficult legal situation because you didn’t understand the paperwork. Costly mistakes are common results of not knowing how and what order to handle all arrangements and details.
26% of For Sale By Owner Sellers said the most difficult task was getting the price right.
Not pricing it right can cost you money. In fact most homes sold without the assistance of a realtor are sold below market price. Sellers have but one home to sell while buyers have lots of homes to choose from. Most for sale by owner buyers are looking for a deal and because of sellers time constraints or other issues a below market price is often agreed upon. In effect, the seller has offered the commission to the buyer.
19% of For Sale By Owner Sellers said the most difficult task was selling within the length of time planned.
Potential buyers wonder what’s wrong with a house that doesn’t sell in a reasonable amount of time. Usually they won’t bother taking a closer look. Time spent trying to sell your home yourself can make it much more difficult to sell when it is not sold quickly.
13% of For Sale By Owner Seller said the most difficult task was attracting potential buyers.
Advertising and marketing methods are costly and limited. In today’s market it takes multiple advertising and marketing tactics to get a home sold. Real Estate Agents also make sure that buyers are qualified to buy the homes they look at. Open houses, yard signs, and a newspaper ad are probably not going to attract many buyers let alone qualified ones.
28% of For Sale By Owner Sellers said that the next time they would definitely use an agent to sell their home.
Your home is a costly investment don’t risk it!
Source: Texas REALTOR March 2008
Tags: For Sale By Owner
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