Why do I need a Realtor to Sell My House?
A person who tries to sell their own house is known around here as a FSBO, pronounced "Fizbo". The acronym stands for "For Sale By Owner". I have talked to many homeowners selling their own houses. Their usual motivation for selling on their own is that they want to maximize how much money they will take away from the sale transaction by avoiding paying commission to a Realtor.
While many homes are successfully sold directly by their owners, I believe the FSBO is being somewhat short sighted to the process. Good Realtors, backed by good real estate brokerages offer tremendous value to their clients. Remember, first of all, that 100% of the advertising costs are being absorbed by the real estate broker and realtor. This can be a very high cost, especially in a slow buyer's market.
Realtors provide value-added services. Not only do they find a buyer for your home, but they assure you of a smooth, accurate, and legal transaction. They ensure that the contract you enter into will be binding, that the purchaser has access to the funds he/she needs to buy, and that you understand the complete processes.
My friend, Darlene Breen, President of the Ohio Association of Realtors, wrote an article a few years ago called, "FSBOs: How much do they really save when you are trying to sell a house?" In the article, Breen stipulates that selling on your own is not a viable arternative. She explains that a person must have a thorough knowledge of:
*the current housing market *the mortgage industry
*real estate appraisal and valuation *advertising
*marketing *insurance
*the area's regulatory requirements for the transfer of property
In addition, you've got to have a lot of time on your hands!!
Most homes are sold by realtors. If your home isn't listed, most potential buyers will not know its available. Think of people transferring from out-of-town who work exclusively with realtors. Because of this adn other factors, research conducted by the National Association of Realtors revealed that no only do homes sell faster when the owners contract with a Realtor, but they generally sell at a higher price. The commission savings often becomes a wash!
I look forward to earning your trust as a Realtor. Please contact me if you are thinking of buying or selling a house in the future! Email directly to MindyNemon@aol.com.
While many homes are successfully sold directly by their owners, I believe the FSBO is being somewhat short sighted to the process. Good Realtors, backed by good real estate brokerages offer tremendous value to their clients. Remember, first of all, that 100% of the advertising costs are being absorbed by the real estate broker and realtor. This can be a very high cost, especially in a slow buyer's market.
Realtors provide value-added services. Not only do they find a buyer for your home, but they assure you of a smooth, accurate, and legal transaction. They ensure that the contract you enter into will be binding, that the purchaser has access to the funds he/she needs to buy, and that you understand the complete processes.
My friend, Darlene Breen, President of the Ohio Association of Realtors, wrote an article a few years ago called, "FSBOs: How much do they really save when you are trying to sell a house?" In the article, Breen stipulates that selling on your own is not a viable arternative. She explains that a person must have a thorough knowledge of:
*the current housing market *the mortgage industry
*real estate appraisal and valuation *advertising
*marketing *insurance
*the area's regulatory requirements for the transfer of property
In addition, you've got to have a lot of time on your hands!!
Most homes are sold by realtors. If your home isn't listed, most potential buyers will not know its available. Think of people transferring from out-of-town who work exclusively with realtors. Because of this adn other factors, research conducted by the National Association of Realtors revealed that no only do homes sell faster when the owners contract with a Realtor, but they generally sell at a higher price. The commission savings often becomes a wash!
I look forward to earning your trust as a Realtor. Please contact me if you are thinking of buying or selling a house in the future! Email directly to MindyNemon@aol.com.
posted by Mindy Nemon at
6:09 PM
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