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I don't need no stinkin' REALTOR®! I can sell my house myself!

By
Real Estate Agent with BlueCoast Realty Corporation

"I don't need no stinkin' REALTOR®!  I can sell my house myself!" 

Look, I get that times are tough, and saving money wherever we can is important to everyone.  But selling your house really isn't the place to cut corners and hope for the best. FSBO sign 

I am perfectly aware that selling a house isn't brain surgery.  But there are skills and training needed to do it well.  I mean, I can change the oil in my car, but not as efficiently or cost effectively as my mechanic.  That's why I pay him to do it.  Not because I can't, but because he can do it better.  He saves me time and trouble, so he's well worth it.

That's why you need a Real Estate Agent to sell your home.  There are legalities involved that many are unaware of.  Pricing a property correctly is an art and the ability to do it well takes training and experience.  It takes knowledge about the local market and trends.  Marketing is not just tossing a dart and hoping it finds the right target, it takes the right tools and knowledge.  Negotiating a contract takes skill and expertise. 

It's not that you can't do it.  Of course you can.  But can you handle all the legal aspects?  Do you understand the contracts?  Do you know how to price your property to sell?  Can you market your home effectively?  Do you know how to compete with short sales and foreclosures in your local market?  Will you be able to step back and negotiate a contract from a business point of view versus a Sellers' point of view?   I'Dollar Signsve been a Seller, I know how hard it is to take the "personal" out of the negotiations.  Do you know how to handle Home Inspection issues?  Do you understand the different types of appraisals and could you challenge one, should it come in low?  Do you really want to represent yourself and possibly leave money on the table? 

Statistics have shown that the typical FSBO sells slower and for less money when compared to homes which are listed by a Real Estate Agent.  For example:  In 2008 FSBO's accounted for 13% of Home Sales.  The typical FSBO home sold for $153,000 compared to $211,000 for agent-assisted home sales.  Source: NAR.

A Licensed Real Estate Professional will represent you and your best interests; they'll protect you from the many pitfalls and, contrary to popular belief, will save you money.

Of course, as always, it's your call . . .

Posted by

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   Copyright © 2010 - 2013 All Rights Reserved

When you're ready to buy or sell a home in Wilmington, Wrightsville Beach, Carolina Beach or Kure Beach NC, give me a call.  Lets work together to achieve your goals!

Tish Lloyd, REALTOR®

Broker

NC Real Estate Lic. 269076

Realty World Cape Fear

1119-A Military Cutoff Road

Wilmington NC 28405

910.547.1446


 
  

 
 
 
 
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Miranda Moser
Century 21 Bamber Realty - Calgary, AB
Calgary Real Estate Agent

Thanks for the post. A few years ago here in Calgary, Alberta a home owner could seller their home quite easily without a Realtor. However, that is not the case in this market. Buyers are few and far between! And, the only way to sell a property these days is on the MLS and the property still may not sell for sometime.

Hopefully, the market will get better on both sides of the border!

Cheers,

Oct 27, 2010 10:57 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Karen ~  You are so right -- it takes a tremendous amount of work to keep a transaction together.

Liz & Bill ~  My CS is stuck on 90, much less 130!  Good grief, that's wonderful -- Congrats and thanks.

Manuel M ~  That is the absolute truth!

Aaron ~  Thank you very much!!!

Sharon ~  Hopefull the stats will help make the light come on!

Oct 27, 2010 11:13 AM
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

I can legally pullout my own tooth if it hurts, but do I....NO....I go to a dentist! lol!

Oct 27, 2010 11:14 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Blake ~  Thanks, I hope it helps.

Leesa ~  Thank you so much and I'm tickeled to have you re-blog!

Jose ~  Good question -- will do my best to research.  If you find out, please give a shout!  Thanks.

Chris ~  While I firmly believe there is a place for all business models, I really question whether limited service is the best alternative for short sales.  .   .

Nina ~  Thanks, I'll boogie over to your blog.  Isn't The 'Rain great!

 

Oct 27, 2010 11:21 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Sajy ~  You are spot on -- I've been known to express those same sentiments!

Kristi ~  I fully agree!!!

Mike ~  Whatever works.

Bryan ~  Good point.

Vickie ~  Absolutely.

 

Oct 27, 2010 11:27 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Scott ~  If people would just think it through and perhaps have a competent agent do a comparison, they would be so much better off.

David ~  Interesting, eh? 

Roger ~  Excellent analogy; thanks.

Brian ~  I do believe you are correct.

Michael ~  I think for the most part that is correct.  Of course, there are always exceptions.

Oct 27, 2010 11:33 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Gay ~   Thanks.

Yuriy ~  Thank you, sir.

Christine ~  Amen.

Michael ~  Our biggest problem is in convincing folks of this truth.

Gloria ~  You are very kind, thanks.

Oct 27, 2010 11:37 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Victor ~  Excellent point!

Cheryl ~  It is pretty surprising; isn't it.

Miranda ~  Thanks for weighing-in.  It's so helpful to find out how the market is reacting in other areas.

Oct 27, 2010 11:40 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Aida ~  I'm with you!!!

Oct 27, 2010 11:42 AM
Greg Nino
RE/MAX Compass - Houston, TX
Houston, Texas

Great job Tish! there's a statistic out there that says FSBO's are actually "less" educated. Seriously!

Oct 27, 2010 12:20 PM
Victor T. Gurrola
Remax Realty 100 - Diamond Bar, CA
Diamond Bar Real Estate Professional

I give FSBOS a list of all the forms they need and answerer any questions, most of the time they ended up listing with me even after they found the buyer.

Oct 27, 2010 12:33 PM
Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Tish you know that I had to re-blog this one. Congratulations on the Gold Star. Sometimes I think FSBO's like to make things hard on themselves. Thanks for sharing. Great post.

Oct 27, 2010 12:49 PM
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy

Great job Tish! NAR statistic says FSBO's sell for less every year!

Oct 27, 2010 01:04 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Greg ~  Appreciate your input, however, what I actually said was: Statistics have shown that the typical FSBO sells slower and for less money when compared to homes which are listed by a Real Estate Agent.

Thanks for stopping by.

Oct 27, 2010 01:44 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Janet ~  I do agree with you that we "add value".  Please know that while you are more than welcome to re-blog this post, should I have any Clients interested in relocating to your area, I would be more than happy to refer them to you directly, as opposed to having them access your link here in my blog.  Thanks for understanding.

Oct 27, 2010 01:47 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Victor ~  That's wonderful to hear and a great approach.

Lanre ~  I am so happy to have you re-blog, it is the highest form of compliment.  Thank you so much.

Michael ~  You are correct, thanks for your input!

Erica ~  And there are times when it is in the seller's best interest to FSBO, which we all understand and respect.

Oct 27, 2010 01:53 PM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

I hope you don't mind having this reposted.....?

Oct 27, 2010 04:02 PM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Will ~  I would be honored!!!

Oct 27, 2010 04:06 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Tish

Found my way to this oldie but goodie from the reblog by Praful Thakkar . Not sure if I read it the first time, and did not check, but it remains as relevant as ever. Sadly in this busy seller's market some home owners think being unrepresented is easy! Hah.

Jeff

Jun 14, 2017 02:38 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Yes, this is still relevant. It's not as easy as putting something on Craig's List or ebay! There's a lot involved in selling a property.

Jun 15, 2017 03:44 AM