An Insight About Home Selling Process: Using A Realtor Vs FSBO
Which is the easiest, efficient, flexible and cheapest way to sell a home? While some people would say that for sale by owner is the best way to sell a home, some will opt to hire a realtor. One thing is clear, for sale by owner needs the homeowner to have some level of expertise and knowledge in the real estate industry. The method works best for somebody who has enough time to advertise the home on his own and time to handle potential buyers.
Hiring a realtor comes with a commission but homeowners will be allowed to continue with their day-to-day activities while the agents work hard out there to ensure that the home sells out at the best price.
“There is nothing like staying at home for real comfort.” ~ Jane Austen
Being Smart with FSBO
For sale by owner is not tough or hard as many people perceive. With sites such as Trulia and Zillow, homeowners willing to sell their homes without using agents find the entire work easier. Listing a home in these sites comes at a fee but it’s not as much as those charged by real estate agents which can be up to 7% of the total price of house. The FSBO process is easy so long as the seller knows the status of the market and the legal framework involving transfer of homes. When requesting financial statements from potential buyers, a FSBO seller needs to know the difference between pre-approved and pre-qualified buyers who’ll use mortgage to purchase a home.
What Realtors Can Do Better
Don’t ever despise the efforts real estate brokers put to get your home ready for sale in MLS sites. An agent uses superb marketing techniques to attract many buyers and because they’ve a lot of knowledge when it comes to pricing of homes, agents will always tag your home with the right price. They know that selling a home is an emotional process that can be done better by a third party. Reputable brokers and agents in the industry request financial statements from potential buyers to determine the buyer’s creditworthiness and in a case of all-cash payment, they’ll verify the funds. Most agents would not like to waste time haggling with buyers who won’t be able to purchase a home.
Behavior of Millennials in Respect to FSBO and Use of Realtors
Research shows that millennials prefer using a realtor to sell their homes. They don’t get intrigued of doing the all process on their own. They term the process as hectic and cumbersome, they’re comfortable selling their homes via third parties. Agents can negotiate, they have a network to lawyers, contractors etc. and they can process all the paperwork involved in time.