Many homeowners believe selling by owner can save the broker commission. Yet, many for-sale-by-owners (FSBOs) ultimately list their homes with an agent.
Here are a few of the reasons why they go with a pro:
- Facing a full-time job on a part-time basis. Most people are busy today. Many end up listing with an agent because they didn't realize how time-consuming it is to market their own home. Showing properties, fielding buyer calls and separating the qualified buyers from curious neighbors and "tire kickers" takes time many people simply don't have.
- Even little mistakes could have big consequences. The sale of real estate is a complex transaction. That's why most contracts are multiple-page documents with addenda for federal, state and local laws and regulations. (Some state real estate laws even regulate the size and style of print in the contract!)
- No one is in the know. Still other FSBOs recognize that working with buyers who aren't that using a professional real estate agent can get both parties into trouble. If neither of you knows the laws, regulations, pricing, local practices, financing, and so on, you could find yourselves in a real jam.
If you're thinking of selling your home yourself, you may want to think long and hard about then call a screen realtor listed on our fourm.