Wednesday, 16 August 2017

Real Estate Agent or Sale by Owner - Which Option is the Best for you?

Written by Posted On Sunday, 13 August 2017 04:15

The vast majority of homeowners who list their property for sale do it through a real estate agent. However, some people might be tempted to sell their property on their own. But which option is truly the best for you and should you even entertain the idea of selling your home yourself? In this article, we’re going to explore both options so you can make the best possible decision for your property.

Real Estate Agent or Sale by Owner

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Selling the House Yourself

One of the major reasons people decide to go the FSBO route is commission. When you sell your property yourself, you get to keep the commission all for yourself. However, what many people fail to understand is that most of the time, real estate agents will be able to fetch more for the house than the owner, which will negate any savings you may have made from a commission.

Also, some buyers may be apprehensive about properties that are listed by the owner. Some may see it as a distressed sale or a sign that you’re not truly serious about selling your home and just trying to gauge the market.

In addition, the quality of your buyer pool will be lower. Some people instantly associate a FSBO listing with bargains, so you may have to deal with more unqualified buyers and low ballers. And this is perfectly understandable. These kinds of listings are much more rare and people will often assume that the seller is trying to get rid of the property as quickly as possible.

Selling with a Real Estate Agent

On the other hand, when working with a real estate agent, you will usually be able to attract much better buyers for your house and demand more for it. As a matter of fact, it has been estimated that FSBO houses sell on average for 15% less than houses sold through real estate agents.

In addition, real estate agents will be able to get your home more visibility. This is mainly because they have much more avenues for listing. Real estate agents like the Aul Team are the only ones who can list your property through the MLS (Multiple Listing Service) which is one of their most valuable tools when it comes to listings. Through the MLS, they can send your listing out to other agents in their network who will be able to reach buyers you could never on your own. They are also more familiar with media and online advertising and can also do things like sending your listing to their mailing list so it can gain more traction.

Conclusion

As you can see, both options have their advantages, but in many cases, most people end up going the real estate agent route. Real estate agents will give you access to a better and larger pool of buyers, allowing you to sell your property faster and for a higher price. They will also be able to advertise in ways you simply can’t as an owner/seller, giving your listing more visibility than you could ever imagine.

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