Thinking of Selling Your Own Home via FSBO | Bedford Hills Homes
Last year, many metro areas saw double-digit home-price increases. However, this past quarter, there has been a significant slowdown in those increases, according to Trulia's Price and Rent monitor.
Now that the winter ground is beginning to thaw, and spring is approaching, ushering in the busiest time of the year for home sales, what about those homeowners who have been thinking about selling but remain on the sidelines, waiting for their homes to increase in value?
It's natural for any owner to try and maximize profits when it comes to putting their home on the market. And one tactic many prospective sellers consider when trying to cash in is cutting the realtor commission by selling the house themselves!
Well, here's a reality check. Selling your home yourself is not the money-saving solution you may have thought it would be. The dollars you think you'll save on commissions is often a wash when you consider the higher sales price an experienced agent – with pricing expertise, negotiating skills, and access – can bring in. Real estate professionals have the resources to get top dollar for your home, and they can secure an accepted offer more quickly and get the deal closed on time.
The numbers don't lie. Statistically, a home on the market listed 'For Sale By Owner' (FSBO) takes longer to sell (and eventually sells for less) than its realtor-represented counterparts. According to data from the National Association of Realtors, FSBOs accounted for 9% of home sales in 2012. The typical FSBO home sold for $174,900, compared to $215,000 for agent-assisted home sales. That's a big difference!
http://www.fool.com/investing/general/2014/04/06/thinking-of-selling-your-own-home-via-fsbo-5-reaso.aspx
Now that the winter ground is beginning to thaw, and spring is approaching, ushering in the busiest time of the year for home sales, what about those homeowners who have been thinking about selling but remain on the sidelines, waiting for their homes to increase in value?
It's natural for any owner to try and maximize profits when it comes to putting their home on the market. And one tactic many prospective sellers consider when trying to cash in is cutting the realtor commission by selling the house themselves!
Well, here's a reality check. Selling your home yourself is not the money-saving solution you may have thought it would be. The dollars you think you'll save on commissions is often a wash when you consider the higher sales price an experienced agent – with pricing expertise, negotiating skills, and access – can bring in. Real estate professionals have the resources to get top dollar for your home, and they can secure an accepted offer more quickly and get the deal closed on time.
The numbers don't lie. Statistically, a home on the market listed 'For Sale By Owner' (FSBO) takes longer to sell (and eventually sells for less) than its realtor-represented counterparts. According to data from the National Association of Realtors, FSBOs accounted for 9% of home sales in 2012. The typical FSBO home sold for $174,900, compared to $215,000 for agent-assisted home sales. That's a big difference!
http://www.fool.com/investing/general/2014/04/06/thinking-of-selling-your-own-home-via-fsbo-5-reaso.aspx
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