A Realtor’s Value
So you’ve seen the ad’s for selling your home without listing it on the market and no realtor being involved. I’m sure for a moment it piqued your interest but then thought – well, what’s the catch? When things sound too good to be true, they usually are. We encourage all of our potential clients to do their research! Yes, we would love to work with you but we want to ensure you feel satisfied with your choice.
Working with a realtor is not only smart but should be your only option for the home buying/selling process. Here’s why –
1.) Money – Did you know that FSBO sales usually take longer and bring in less money than agent-involved sales? According to the 2020 National Association of REALTORS®, the typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales.
2.) Commissions – Even though selling FSBO saves you the listing agent’s fee, you still may end up paying a buyer agent’s commission. Yes, you read that right! Ultimately, how much you pay the buyer’s agent depends on how much assistance she provides to close the deal.
3.) It’s all in the details – if you aren’t contract savvy, stop right then and there. You quickly will feel out of your element when it comes to reviewing and understanding the multiple documents involving a real estate deal.
4.) Are you confident in your negotiation skills? Purchasing or selling your home will likely be one of the biggest financial decisions you’ll ever make. You don’t want to blow it on coming on too strong or too soft.
5.) Knowledge is power – local market knowledge is very important because every market is different As a seller, I’m sure you have a general idea of what you want for your home. However, is the price you arrived at realistic? Working with an established realtor ensures you will get the latest comparative market analysis. Each analysis includes, researched, current, and reputable data regarding a neighborhood’s demographics, crime rates, schools, and other important factors.
Bottom Line
While there are certainly people who are qualified to sell their own homes, the majority of us are not. Save the headache, hire a trustworthy realtor to navigate the transaction. You never know, you may get into a difficult situation that could cost you thousands. Want to get started right away? Contact us today at 720.897.8100 or email Andrew.Arevalo@compass.com to discuss why we are the right fit for you!
