Dave Ramsey: Straight Talk about the Value of Real Estate Agents

Real Estate Agent with LRA Real Estate Group

Real Estate Agent vs. For Sale By Owner  (by Dave Ramsey)

What are the advantages of using a real estate agent versus going the for-sale-by-owner route when it comes to selling a home?

Dave Ramsey

Dear Dave,

What are the advantages of using a real estate agent versus going the for-sale-by-owner route when it comes to selling a home?


Dear Seth,
I've had a real estate license for 30 years. If I were to put my personal residence on the market today, I'd use an active real estate agent who really knows his or her stuff in the marketplace. I'd gladly pay them their commission, too.

Now, why would I do that if I could just sell it myself and save the commission cost? For starters, if I do a for-sale-by-owner, or FSBO, I'm only getting my place in front of buyers I can attract from seeing a newspaper ad, Craigslist, and anyone who happens to drive by the house. If you go with a high-octane real estate agent, you'll have the advantage of being exposed to their entire pool of buyers. More importantly, you'll be in the MLS, or Multiple Listing Service, database. There, you'll immediately have thousands of potential buyers. So, who do you think will have the best chance of selling your house? Market exposure is everything in the real estate game!

And think about this: Even if you went the FSBO route every time you moved, you might do three or four of these transactions in a lifetime. A good agent closed three or four deals last week! They'll know all the ins and outs of buying and selling a home, and they'll walk you through every step of the process. Research has shown that between basic mistakes, pricing errors, and lack of negotiation skills, you'll cost yourself more than the agent's commission by trying to sell it yourself.

Trust me, you'll get a much better deal - with a lot less hassle - by using a top-flight real estate agent!



Bryan Watkins thinks Dave Ramsey is a very smart man. You can find your next home by calling Bryan at 480-734-7878 or email bryan@LRAphx.com. Article courtesy of Dave Ramsey Financial Straight Talk.


Posted by

Bryan Watkins
Designated Broker
LRA Real Estate Group
Phoenix-Tempe-Mesa Metro
480.734.7878 text/cell

Find us on www.Facebook.com/LRARealEstate


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Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s - Lake Charles, LA
Lake Charles LA Century 21 Realtor

Dave tells it like it is, gotta love this endorsement!

Jun 15, 2010 11:45 PM #1
David Cousins
Keller Williams Realty South - Calgary, AB
Keller Williams Realty South

Great Post, Thank you.  I will have to post something like that on my website 

Dave Cousins


Jun 15, 2010 11:50 PM #2
John Pusa
Pacific Realty - Glendale, CA
Your All Time Realtor With Exceptional Service

Brain - Your blogs are always educational and highly important. Great article.

Jun 16, 2010 12:41 AM #3
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Thanks Marilyn, Dave is one of my heroes. I don't always follow his advice, but a great benchmark.

Dave, glad we can share to get our websites filled with useful information.

John, likewise, we all toss in some good stuff when we see it. I know you do the same.

Jun 16, 2010 02:02 AM #4
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Thanks for sharing - I really like Dave and he does know his stuff!  Have a great day!

Jun 16, 2010 06:28 AM #5
Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Thanks Dave Ramsey. Thanks Bryan. I hope Seth was smart enough to take Daves advice.

Jun 16, 2010 07:26 AM #6
Tony Anderson
Century 21 Community Realty - Habersham, GA
Realtor - Serving Habersham Banks, White & Hall Co

This is a good example to use if your FSBO knows who Dave Ramsey is.   It would help win them over.

Sep 02, 2010 12:40 PM #7
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