This article originally appeared at the Hallmark Abstract Service website here.
For some home sellers the temptation of avoiding having to pay the real estate agent a commission for their services may override the multiple benefits that using them provides!
For anyone who is going to be selling a home, the metrics that should matter most to them includes the amount of time the house will be on the market before it sells, the ultimate selling price it will fetch and the ease with which the mechanics of the transaction are accomplished.
The urge for some sellers might be to handle the process entirely on their own from setting of the price, marketing of the property, the showings, negotiations, vetting of potential buyers, managing the mortgage process and on and on and on.
All of this to save the 2-6% commission that would be paid to a Realtor for handling it all instead.
But by going the FSBO route is the seller in-effect being penny wise and dollar foolish?
Will doing it this way get them the best price in the shortest amount of time?
Will they avoid going to contract with a buyer who is simply wasting their time and who will never qualify for a mortgage?
Will they price the home right and market it fully so that they are reaching every potential buyer in the marketplace?
This infographic provides some of the statistics comparing FSBO to realtor assisted sales and, after taking a look at it, HAS had written a prior article titled ‘Buying a house? Why you need a realtor!‘ that you can read by clicking on the link.
Infographic: FSBO vs Realtor
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