According to the National Association of REALTORS® (NAR), sellers who use a REALTOR® receive a purchase price that is around 5 to 8 percent higher than they would if they sold the home themselves. This may seem surprising considering sellers are required to pay REALTORS® commission and other fees when closing a deal. How exactly does this happen?
Some sellers believe attempting to sell their home alone can save on commission fees and time.
However, the complex issues involved in selling your Birkdale home, which are handled by a REALTOR®, are often overlooked. A professional, qualified REALTOR® can accurately price your home by conducting a comparative market analysis on the property.
This report provides pricing information on similar homes in the area, which in turn helps you to accurately price your home — reducing the property's market time. The NAR also states, "The typical FSBO home sold for $187,200 compared to $247,000 for agent-assisted home sales." REALTORS® have a tremendous amount of experience pricing within different markets.
Unless you're an expert, it's better to have a professional REALTOR® do the market analysis.
Another issue related to FSBO pricing involves an owner's attachment to the property being sold. In most cases, it's better to have a neutral, third-party, assess your home's worth.
Many owners believe their homes are valued higher than they actually are. As a result, Birkdale and Lake Norman Area homes that are "For Sale by Owner" end up staying on the market for a longer period of time.
According to the NAR, deciding on a selling price is one of the most difficult tasks for FSBO sellers, but one undertaking proves to be even more complex—understanding paperwork. This intricate process can be a legal nightmare if you're not careful.
Not only can a REALTOR® assist you in the actual transaction process, but some may even provide additional home-related services to make life easier. At Real Living In Style, you can leave all the details to us. We are your advocate and confidant!
Another important component to selling your home is marketing. REALTORS® have the experience and tools to reach large groups of consumers. With new online marketing initiatives Real Living In Style is leading the way with innovation in technology. Inman News has twice vote Real Living the 'Most Innovative'.
Here at Real Living, we employ 360° Marketing Integration. This involves everything from blogs and social networking to direct mail campaigns. Marketing can be a challenging task, so if you're on a tight budget, it might be more effective to hire an agent to drive traffic to your listing.
Don't forget the complete list of Huntersville Homes on the right panel of this website!
For more information on the risks and challenges of FSBO listings, contact your Birkdale at Lake Norman Agent at 704 451 7051 or by email at roby.robertson(at)realliving.com.
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