If you are selling your home, you may have considered attempting to list and sell the property yourself without the help of a real estate agent service. This type of listing is often known as a "For Sale by Owner" (FSBO) sale and it can be tempting for those who have little experience in real estate. Although FSBO sales have become more popular in recent years, there are both many good reasons to avoid them and many advantages to using a real estate agent when selling your home.
Disadvantages of FSBO Sales
The number one reason to avoid selling your own home is the complexity of the average home sale. Even before listing your house, you must properly value the property, prepare it for showings, and take photos or hire a professional photographer to take photos for you. A real estate listing agent would normally handle all of these tasks for you; but when conducting an FSBO sale, you must take them on yourself. Although many buyers are certainly capable of doing these things on their own, the time that it takes to research and properly perform all of these steps can be daunting.
Liability is a concern as well. Mistakes in a listing for a home's features, dimensions, or other aspects can potentially become legal nightmares later on. Although lawsuits over these issues are extremely rare, they do happen and experienced listing agents are both aware of these pitfalls and able to properly protect you during your sale.
Reasons to Use a Real Estate Agent
Real estate agents provide a valuable service to sellers throughout the sales process. The services the agent provides will begin before your listing is even created. These services will also include market research to properly value your home and discussions with you about the best way to list your home to attract the best possible buyers. Your real estate agent will meet with you to discuss these details in order to give you a realistic idea of what your home is worth as well as a solid understanding of how your home will be marketed.
Once these details are worked out, your real estate agent will aggressively market the property to attract as many buyers as possible. The real estate agent will also be responsible for properly vetting these buyers, ensuring that interested parties are capable of purchasing your property and not just wasting your time. This alone is an invaluable service as many properties attract individuals who are interested, but who may not be serious about purchasing at this time. Once a potential buyer is found, real estate agents deal with the myriad of issues involved in closing a home purchase.
Many property owners look at the commission taken by real estate agents and see only a potential loss, but real estate agents offer sellers a valuable service that saves time and will potentially result in a much higher final sale price.