Misconception of trying to sell your home on your own. Here’s something many folks do not realize;
You Net More Money when Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own. Sellers don’t take into account that the main reason buyers look at FSBOs is because they also believe they can save on the commission. The seller and buyer can’t both save the same commission. Buyers go into the deal knowing that the sellers aren’t paying a commission and offer at that lower rate! It never fails…
Studies have shown that the typical house sold by the homeowner sells for $184,000 while the typical house sold by an agent sells for $230,000. This doesn’t mean that an agent can get $46,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.
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