With supply low and demand high, sellers may consider skipping the middle man and selling their home on their own. Save the commission and get the same results…why not? If this is you, we have a few things for you to consider. Here are some reasons why “For Sale By Owner” (or FSBO) isn’t a good idea:
♦ Real estate agents have a strategy to make sure your property gets maximum exposure on the internet. “Recent studies have shown that 94% of buyers search for homes online. That is in comparison to only 17% looking at print newspaper ads.” (keepingcurrentmatters.com) Do you have a plan for reaching thousands of prospective buyers in your area?
There is no denying that we are living in a technology world. Gone are the days of putting a sign in the yard and an ad in the newspaper to find a buyer for your home. Here are facts about how buyers today find their next homes:
- 51% online
- 34% from another real estate agent
- 9% from a yard sign
- 1% from a newspaper ad
Needless to say, it is absolutely crucial for you to have a successful strategy for online marketing. The Selling Rocky Mountain Homes Team has a proven marketing strategy to get your home sold quickly and for the best price possible in the current market.
♦ Are you ready to negotiate? With a for sale by owner, you must be prepared to negotiate with many other parties that will be involved in the sell of your home. Here are a few to consider:
- The buyer that is looking for a great deal
- The buyer’s agent (because likely they will have an agent representing them even if you are doing a FSBO)
- In some areas, a buyer’s attorney
- The home inspector (who will be working on behalf of the buyer and will find issues that need to be negotiated between you and the buyer)
- The appraiser (and they may question the value of your home)
With an experienced real estate agent on your side, you don’t have to worry about these issues. In fact, if you choose to allow The Selling Rocky Mountain Homes Team to represent you, we actually have certified negotiation experts on our team! These agents have not only learned by experience, but they have went through training classes specifically designed to teach them the skills they need to negotiate on your behalf.
♦ The percentage of people trying to do FSBO has decreased dramatically over the past several years. All of the stress and paperwork involved is overwhelming. So many mandatory disclosures and regulations make it almost impossible for those that do not deal with the real estate industry on a daily basis. Having an experienced real estate agent on your side takes all of this off of your shoulders. Let someone that knows the business take care of “dotting the i’s and crossing the t’s” of the selling process.
♦ Saving money is always an argument for the seller that wants to do it on their own. Sure, there is no real estate agent to pay commission to, but keep these things in mind:
- You still have to pay the title company and others involved in the transaction.
- Studies show that a FSBO on average sells for $185,000 while the average price of a home sold by an agent is $245,000.
- You can’t put a price on the experience, wisdom and training you will find in a professional real estate agent.
We offer a team of agents that are constantly studying the current market trends, are trained in the art of negotiating, and are dedicated to making sure your satisfaction is top priority. There really is no reason for you to go through selling your home alone. Give us a call today @ 720-593-2014. We want to show you how we can actually save you money, ease your stress, and make selling your home an enjoyable experience. We look forward to working with you!