Thinking about trying to sell your property without the help of a real estate agent? Make sure you weigh all the positives and negatives before you try to tackle the process on your own. Sure, you can save money on your closing costs, but there are a lot more things to consider that can outweigh the money saved on commissions.
Most buyers who search for FSBO's (For Sale By Owner) are ultimately trying to get a good deal. They hope that you don't know the market and will sell the house at a cheap price. They also think that since you don't have to pay a commission to a real estate agent, they will definitely be able to negotiate that off of the asking price. This means that you've already lost out on the money you thought you were going to save. The most important figure you need to think about is that 90% of buyers these days use a real estate agent. That means that if you refuse to work with agents, you have already eliminated 90% of your market. The only way to get top dollar for your property is to give it the maximum amount of exposure, and hope you get multiple interested buyers competing against each other for the property. You also may not realize all of the work that agents do for their sellers. Before you decide to try it on your own, you should think about everything that your agent will do for you. A listing agent will:
Is it worth your time and money to try to sell your property on your own? That's up to you decide, but just make sure you weigh all of the pros and cons beforehand.