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Reconsidering For Sale by Owner

Light Bulb-Switch croppedIf you are thinking about selling your home, the thought “I could save money and make more if I forgo the help of an agent,” has undoubtedly crossed your mind. You wouldn’t be the first one who thought this, and you definitely will not be the last.

The truth is, the rate of For Sale by Owner (FSBO) homes has been decreasing for decades simply because that logic is wrong. In 2014, 92% of sellers used an agent because the value they bring outweighs the commission paid. This is so for three reasons, the first of which being price.

Last year, the typical FSBO home sold for $208,700 while homes sold by agents went for an average of $235,000. In case you were wondering, 6% of $235,000 is $14,100, which still leaves you with $220,900 in your pocket ($12,200 more than you would have made on your own). Another reason to consider hiring an agent is marketing power. Agents have access to online tools and resources that homeowners do not, increasing your property’s exposure and likelihood of selling.

Keep in mind that when you hire a Destin RE/MAX agent, you get the right listing price, a built-in negotiator, visibility and knowledge that will make you feel confident when you head to the closing table. If you are thinking about selling, feel free to give us a call. No obligations, just honest answers for a quick home sale.

Posted in Selling Real Estate, Selling Your Home and tagged , , .