Today we wanted to talk about For Sale By Owner (or FSBO) home sales. I always get the question from people thinking about selling their homes – should I do it on my own, or do I need an agent?
Having an agent is beneficial because there are so many people involved in a transaction. Having a Realtor represent you facilitates that process when dealing with the buyer, lender, inspectors, appraisers, and title attorneys, just to name a few.
Additionally, agents can bring amazing marketing to the table. There is so much more involved than just sticking a “For Sale” sign in your yard and hoping for the best. An agent knows all the methods of marketing from great photographs, video, or maybe even 3D walkthroughs to help your property put its best foot forward, and help get the message out online – where everybody starts their home search.
People also ask if they save money by not hiring an agent for your home sale. What most people don’t realize are the costs involved in creating all those marketing details. There is also a lot of money to be left on the table if you don’t understand the current market and what it can deliver for your home. Having a professional CMA (comparative market analysis) done on your property helps us determine what the current market price for you home should be.
Realtors are crucial in the negotiation process as well, including the inspection and appraisal processes. A lot of sellers simply don’t know how to facilitate that without an agent to advocate on their behalf. An agent can also help you disconnect emotionally from the property. Agents help sellers step back and have an objective opinion about their home, which is difficult. We understand that sellers love their homes, so being able to have that objective opinion is important.
If you’re on the fence about selling your home without an agent and have more questions, please feel free to reach out to us for a no-cost consultation. We’d love to discuss the process and benefits of the Peak Properties group. Let’s talk soon!