Most people have one goal in mind when selling their home: to get as much for their property as you can.
From the money used to repair and clean the home to administration fees and closing costs, the money it takes to sell a home can quickly add up. For this reason, some homeowners try to reduce costs by selling their home independently, a process known as For Sale By Owner, or FSBO.
As the name suggests, FSBO is a process which involves selling a home without the help of a licensed agent. The benefit of selling your home privately is that you don’t have to pay commission on the sale, which is often around 6%. The problem is that most people without experience in real estate don’t have in-depth knowledge of the industry, and can actually end up losing more money as a result.
When it comes time to sell your home, here are three reasons why you should do it with the help of a professional.
1. Real Estate Agents Make the Process Easier
Selling property is a lot of work for one person. Along with cleaning and repairing the home, you also need to advertise the property and meet with prospective buyers. Without the help of a real estate agent, you’re going have to find the time to do that while juggling your other responsibilities.
2. It Might Take Longer to Sell Your Home by Yourself
If you want your house to sell, you’re going to need to advertise it so that people know it’s on the market. Independent sellers are in charge of their own marketing campaign, and more often than not, they don’t have access to the same network and resources that an experienced real estate agent has. This could cause your home to sit on the market longer than usual, which means that you spend more money on holding costs like property taxes, HOA dues, maintenance and utilities, and insurance.
3. A Real Estate Agent Knows What Your Home Is Worth
Unlike your average seller, real estate professionals have a working knowledge of the property market and are able to help you come up with a reasonable price for your home. People doing FSBO sells might receive no bids because they overpriced their home or worse, sell it for less than it’s worth.
If you’re a Florida resident who’s thinking about selling your property and would like to get the most value for your property, the Edge Group at Keller Williams can help. Our team of professionals can help make the process as easy as possible, so you don’t have to stress about finding the time to sell your home.