Why Should a Seller NOT sell -For Sale By Owner-
- Less exposure for marketing the home.
- NOT in MLS.
- NOT Featured on Zillow.com/Trulia.com/Realtor.com
- NO tracking stats on how many people viewed your home online (Where 97% of buyers are!)
- Agents will NOT show the home, unless there is an agreed commission. (You are missing 95% of the market!)
- For Sale By Owners usually over price their home.
- Buyers feel intimidated and the seller does NOT get correct feedback, because the buyer does not want to “hurt”, the seller’s feelings.
- The real estate transaction has changed drastically. The seller could have legal issues.
- The seller has to deal with all the calls, showings, day to day activities.
- No one to turn to for advice/strategies, unless the seller hires someone.
- Normally, a for sale by owner’s home is on the market much longer.
- Only 17% of For Sale By Owners, sell their home.
- The average list price to sales price for a For Sale By Owner is 87%.
- The seller is usually emotionally attached to the home.
- A professional REALTOR with experience in negotiating sales contract and positioning their client in the best possible way.
- Inspections? What’s normal, what’s required, how to handle all objections of the buyer?
- An experienced agent’s days on market are much lower!
- An experienced agent list price to sale’s price ratio will be much higher!
- The seller will have quite a bit of stress. An agent reduces this stress greatly.
- Usually a large team will be working with several buyers at a time! (Our team currently has over 1,000 buyers in our website looking at homes!)
- An agent will give honest/objective ideas on how to market, stage, position the home.
- An experienced agent understands the mortgage process and the difference between a “TRUE” pre-approval and a “Pre-Qualification”.
- Agents can assist in locating vendors, contractors, and other services to help the sale and maximize the seller’s position.
- An agent has the experience to guide the seller through the entire transaction and including pre-marketing, pre-inspections, pre-title, survey, loan commitment, and more.
- A For Sale By Owner, is trying to “save” money. The buyer always understands that and the first thing they say, since you do NOT have an agent, I want the house for that much less.