In this thrift-driven economy, we all want to get something for nothing, or at least for very little. Sometimes this results in lower quality services, products and results.
So when it comes to selling your home, does it really pay to forego the usual 6% fee (3% to the seller's agent and 3% to the buyer's agent) and make the sale on your own?
Just the Facts
Let's start by stating the fact that overall, homes listed for sale by owner simply sell for less than similar homes listed through an agent. When it comes to maneuvering through the deal making process, even confidence is no match for tried and true experience.
But let's say you have exceptional skills in negotiation. Statistics show that the most successful FSBO sellers are those who offer to pay the buyer's broker commission, which will constitute around 3% of the sale, cutting into that money you're supposed to be saving.
Costs of Competing
A savvy FSBO seller may be able to avoid this concession but there are other costs to consider. In order to compete with the Realtor-listed properties, you may want to pay a limited service broker to list your property in MLS. You may also want to pay for a professional stager. Then you will definitely need to pay an attorney to assist with the necessary disclosures and contracts, something that a broker would do for a represented seller.
What a Realtor Offers
Besides this there are lots of other services a Realtor can provide that can help your home sell faster and at the optimal price. For one, a Realtor offers a connection to a vast network of other professionals and buyers. This connection can allow them to bring your property to the attention of someone who may not have been directly looking for it but for whom it may still be a good fit.
A Realtor can also save you a lot of time and effort. Choosing one with a sophisticated marketing plan that employs internet, social media, and print media gets more eyes on your
property with no effort on your part. They can also provide staging, photography and concierge services that could prove invaluable to selling your property. In addition, they can keep track of the people viewing your property and get the inside story on what they're looking for and also what you can improve so that it will sell faster.
Perhaps the most valuable service a Realtor offers is providing educated guidance through what can often be a complex and emotionally charged process. They will handle the negotiating, paperwork and other transaction details for you while representing your best interests.
Employing a Realtor to help you sell your property takes out any guess work and toil that selling your home by yourself can cause and best of all, it ensures that you're not alone!
Nervous about choosing the wrong agent? Meet with local agents and ask for information about the marketing services they provide. Don't be afraid to ask tough, direct questions and most importantly make sure you like them and feel comfortable with their personality and expertise. And if you're looking for representation in Chittenden County be sure to contact Geri Reilly Real Estate. With over 31 years of local experience in the real estate industry, Geri has been a top agent in Vermont since 1983. Geri is a native Vermonter and a UVM graduate ('79) bringing lots of knowledge of the local area. She is well known for her personalized service and attention to detail. It is her consistent, professional service that allows Geri to be one of the few in Vermont who is able to make the statement, "Thousands of Vermont Homes Sold".