Why You Need to Consider Using Realtor for Your Home
Selling a home is a long process that consumes time, need patience, and can be frustrating, to say the least, it is the process where the seller is looking to sell the property at the highest value possible while at the other end is the buyer who wants to buy an ideal home at the lowest amount possible and the two parties must come into a consensus for the transaction to take place, but before the sale can actualize or each party to get satisfied in most time it requires an experienced and skilled negotiator, the listing agent although sometimes the property owners manage to sell the property by themselves. In most cases, homeowners make some considerations such as the commission they will pay the listing agent, the value of the property, speed of sale among other factors which they use as a base for deciding whether to list their property with a realtor or list their properties. In this blog we discuss some factors property owners consider when determining to either sell their properties alone or list with a realtor.
The major factor that contributes to the homeowner selling their property commonly known as for sale by owner (FSBO) is the commission the real estate takes after property sale, this commission range between 4-6% and is based on the price the house sells,but what most property owners do not seem to appreciate is the time the realtor has invested in the sale of the property, the energy, patience, and commitment in finding the ideal buyer, taking a picture, prepare the property among other details to sell the property at a good price and speed, nevertheless, homeowners who decide to list their properties still pay some money to list and host their property for potential buyers which can be hundreds or thousands of dollars.
The other thing that homeowner make them consider involving a listing agent or not is when they have a viable or interested buyer such as a friend, family member, or neighbor, in such situation FSBO is the way to go, but in situations where you have no interested or viable buyer going to market alone can be rough for you especially if it’s the first time to sell a property, the good thing with a listing agent have a list of buyers who might be interested in your property making the sale first and saving your time and energy.
In case you are selling your home in a high demanding market using FSBO can be considered, however, there are chances the listing agent involved in the negotiation takes advantage of your inadequate knowledge in property sale making you sell your home at a ridiculously low price. You can use this information as a guide to consider whether to use a realtor or FSBO.