There are many benefits to working with a real estate professional when selling your house. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following:
1 – Your safety is a priority
real estate professional will have the proper protocols in place to protect not only your belongings, but your family’s health and well-being too.
2 – A powerful online strategy is a must to attract a buyer
Recent studies from NAR have shown that, even before COVID-19, the first step 44% of all buyers took when looking for a home was to search online. Throughout the process, that number jumps to 93%.
3 – There are too many negotiations
As part of their training, agents are taught how to negotiate every aspect of the real estate transaction and how to mediate the emotions felt by buyers looking to make what is probably the largest purchase of their lives.
4 – You won’t know if your purchaser is qualified for a mortgage
Having a buyer who wants to purchase your house is the first step. Making sure they can afford to buy it is just as important. As a FSBO, it’s almost impossible to be involved in the mortgage process of your buyer.
5 – FSBOing has become more difficult from a legal standpoint
In an increasingly litigious society, the agent acts as a third-party to help the seller avoid legal jeopardy.
6 – You net more money when using an agent
A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, the seller may even net less money from the sale. The study found the difference in price between a FSBO and an agent-listed home was an average of 6%.
Managing an entire transaction on your own is difficult. Agents like this one make your success their number one priority and use their expertise , market reach experience and keen market insight to maximize the selling opportunities on your behalf. And this agent will do it with drive , determination and pure Huard Hustle !
#sellingyourhome #homeforsale #rhodeisland