Given the proliferation of services that help home buyers and sellers complete their own transaction, you may have considered whether you should list your home yourself instead of working with an agent. However, there is a no substitute for an experienced professional, and taking all the responsibility yourself could be costlier than an agent’s commission in the long run.
According to the National Association of Realtors’ 2019 Profile of Home Buyers and Sellers, only 8% of home sales were accomplished as for sale by owner (FSBO), and of those, 40% knew their buyer personally. FSBO home sales had a median price of $190,000 in 2019, compared to the agent assisted home sale median price of $250,000.
Beyond the price advantage of using an agent, homes listed by real estate professionals get more exposure and their sellers get more support. Here are some considerations:
• They’re trained and licensed professionals
• They have experience in your neighborhood and your market
• They have oversight from brokers and state licensing officials
• Their job is to advise you the best way to reach your goals
• They know how to present your home and deal with buyers
• They know how and where to market properties effectively
• How to overcome typical snags that occur in real estate transactions and closings
• Understand personal and safety security for your belongings during showings
• Negotiation expertise
• Continuing education for current housing issues
With a real estate professional in your corner, you will have a partner by your side to advocate for you and advise you through the entire home sales process.