Which is the Best for Sale by Owner or Listing Agent
The process of selling property is a tedious and long process which can be frustrating and time-consuming if you are not patient you can sell your property at a throwaway price or take forever before getting a buyer, it requires patient, skills, and determination which most property owners lack, to save them from that hustle majority of homeowner hire realtors to sell their properties for them, the listing agent has mastered the skills of selling properties and probably has a list of potential buyers for your property but still some homeowners insist on selling their properties without listing agent. There are some considerations homeowners do before deciding to engage realtors or listing their properties, this factors may include the commission the real agent will take, timeframe the property might take before the sale, knowledge of the legal procedures involved among other considerations. In this blog we discuss some factors property owners consider when determining to either sell their properties alone or list with a realtor.
The major factor that contributes to the homeowner selling their property commonly known as for sale by owner (FSBO) is the commission the real estate takes after property sale, this commission range between 4-6% and is based on the price the house sells,but what most property owners do not seem to appreciate is the time the realtor has invested in the sale of the property, the energy, patience, and commitment in finding the ideal buyer, taking a picture, prepare the property among other details to sell the property at a good price and speed, nevertheless, homeowners who decide to list their properties still pay some money to list and host their property for potential buyers which can be hundreds or thousands of dollars.
It makes sense to sell your property when you have reliable and trusted interested parties such as family members, a neighbor, or a friend who want to buy your home, in such a situation there is no need to involve the real agent, but when none of these conditions are present going to the property market and alone can be stressful and discouraging and it is advisable you seek realtor assistance because they have a considerable list of potential buyers and also good at marketing properties because of their years of experience and their vast knowledge in the property market.
Selling your property in a high demanding property market can be ideal for FSBO but some precautions need to be taken because in most cause the real agent on the other end has considerable experience in the properties market, and they have mastered the skills of using emotions to get their way into property owners selling their homes at a throwaway price, therefore, you need to make your decision carefully before using FSBO option. This article has outlined some considerations property owners make before deciding whether to list their property with a listing agent or FSBO.