There is always a buyer for every home that is put up for sell. And there is always a seller that has thought about selling their home alone. Those sellers are referred to as FSBO's in the real estate profession.
Sure homeowners Can and Do sell their home all the time but are it wise and what benefit are there and how does it hurt the amount of return that a homeowner could have received had he listed with an experienced real estate professional??????
The National Association of Realtors (NAR) reported that less than 16% of homes sold in 2000 by FSBOs and even fewer than 18% in 1999.
Also the report added that For Sale by Owners get an average of 7% less for the purchase price than that listed with a Realtor.
As FSBOs you have to deal with potential buyers that are not qualified with a mortgage broker they are simply looking. I Realtor can help cut down on wasted time and money for the seller in asking the right questions prior to the owner taking the time to show the home.
The report indicated that sellers paid more items on the closing cost than a seller represented by a Realtor due to the fact they are not educated on what they should pay and what is not a seller expense.
I have only touched the top of a long list that sellers should consider when thinking about selling a home with out a Realtor. For more information please go to austintxlake realestate.com and send me an email or call.
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