Should You For Sale By Owner In The Cliffs?
A FSBO or For Sale By Owner are properties that are on the market that are being sold by the current occupant. The main goal behind trying to sell your property yourself is to save the dreaded 3% commission that will be given to the listing agent on the The Cliffs home. If you are a FSBO, then you are already allowing the other 3% to be paid to the buying agent that will be bringing in the buyer and negotiating with you over the price and the contract.
What many people do not understand is that there is much more to selling a home than just putting a for sale sign in the yard and getting a buyer. You have to market the property, advertise it online, negotiate with the buyers, write up the transactions and contracts, work through the closing, transfer over the title through a title company, potential change your mortgage and many other items to say the least.
What you get for The Cliffs listing agent is someone to take care of all of this for you. The contract portion of the closing is worth the 3% by itself, but advertising online, promoting your home, doing an open house is all a standard part of the real estate process that many home owners tend to overlook when they decide to FSBO.
From that infographic above, did you notice that 92% of buyers search online now to find a The Cliffs home? At Keller Williams, we have an item called the ListHub that allows us to send out our listings to over 800+ websites including Realtor.com, KW.com, Trulia.com, Zillow.com and even more. Could you imagine having to add your own listing over to these websites one at a time? The amount of time alone to advertise your The Cliffs Real Estate would take weeks to say the least when you account for your other job that you work all day long.
43% even stated that they find the home that they buy from looking online which is a large jump from where it was just a few years back, let alone at the turn of the millenium. The biggest number to look at though is that on average a FSBO netted $184,000 whereas a home sold by an agent netted $225,000. Even after the 6% is taken out, you would still be looking at $211,500 for your The Cliffs home in comparison to $178,480 you would get from selling on your own (3% was taken out for the buying agent).
After looking at these numbers, it is easy to see that an agent is the smart way to go. Regardless of saving you time and effort when marketing your home, selling it, hosting an open house and doing all of the contracts, the amount you could save is quite drastic. The bottom line is that using a The Cliffs real estate expert is a no brainer from these statistics.
Leave a Reply