By Owner -vs- Hiring a Realtor

 
"Why do we need a real estate agent? After all, an agent will charge thousands of dollars to sell even an average home, and that commission comes right off the top! You say to yourself, forget the internet and all; we can do practically everything that an agent would do, so why should we pay out all that money?"
 
Many home sellers have similar thoughts, and because so much money is at stake, these questions deserve some serious thought.
 
In today's world, the sale of real property is not just a marketing exercise; there are many legal issues involved which can create liability in the sellers. Of all the things you want and expect from selling your home, a lawsuit is probably not one of them.
 
Unfortunately, residential transactions have seen an alarming increase in the number of claims and lawsuits. Of these claims, the majority are filed against sellers, by their buyers. Home sellers who think they can "go it alone" might want to seriously ponder the observations of a lawyer who has defended many sellers and real estate agents against claims made by "these Unhappy Buyers."
 
In most states, the process by which title to real property is transferred is rather complicated, and the typical home seller is not familiar with the many legal issues that can and do arise, even in a fairly simple transaction. Important decisions must be made concerning contract terms, escrow matters, transfer of title, apportionment of costs and any number of other matters. Also, bear in mind that a simple missing word, or a mistake in grammar can create a dispute which, in turn, can give rise to a lawsuit. Aside from the problem of drafting the contract language itself, sellers can face other dangers as well.
 
Besides this very important point, there are many other benefits to use one...

Selling with us:
      • Realtors know the market and can help you get the best price for your home.

      • Realtors have a vested interest in selling your home for the highest amount possible.

      • Realtors have far greater resources for locating buyers and bringing them into your home, such as the Multiple Listing Service (MLS) which lists recent sale prices of homes similar to yours in your neighborhood – this is the key to determining your home’s worth.

      • Realtors advertise your home in the MLS, Realtor magazines, classified ads, and on various internet sites like Realtor.com among many. They will also hold open houses.

      • Realtors make sure in advance that prospective buyers are financially able to buy your home to avoid wasting time.

      • Realtors aren’t emotionally invested in your home so we will keep cool level heads during the negotiation process.

      • Realtors save you valuable time; we work many hours behind the scene when we are not in your presence.

      • Your Realtor can guide you through the closing process and make sure everything flows together smoothly.

      • When selling your home, your Realtor can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.

      • Your Realtor can help you objectively evaluate every buyer's offer without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing, in which anything can happen. Your Realtor can help you write a legally binding, professional in every aspect agreement that will be more likely to make it through the process.

      • Your Realtor can help close the sale of your home. Between the initial sales agreement and closing, questions may arise. An example would be, unexpected repairs could be required to obtain financing or the title is not clear and something must be done to ensure a successful closing. Most of the required paperwork is overwhelming for most sellers. Your Realtor is the best person to objectively help you resolve these issues and move the transaction to closing.
 
 
By Owner:
      • Did you know that when buyers consider a home “For Sale By Owner” (FSBO), they discount any offer made in recognition that there is no commission to be paid. Put yourself in the buyers’ shoes. The dollar savings that you initially anticipated is considerably less than expected.

      • Advertising costs of selling your own home can amount quickly and consume any savings you might expect from trying to sell your own home.

      • According to the National Association of Realtors, studies have consistently proven that FSBOs average a lower sales price than if they were to sell with a professional Realtor.

      • FSBOs take longer to close and don’t sell for as much per square foot as similar homes sold through an agent.

      • Since FSBO properties do not sell as quickly as a home listed with a Realtor, carrying costs such as  mortgage, taxes, insurance, utilities, and repairs to name only a few will inevitably eat into any profits derived from the sale of the property.

      • You are much more likely to get multiple offers when your home is listed in the Multiple Listing Service.

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