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Should I Go For Sale By Owner?

Should I Go For Sale By Owner?

It must be enticing to hear about For Sale By Owner’s selling their homes without a broker and saving all that money on commission, right?

A lot of people have friends within their network or a “friend of a friend” who was able to obtain awesome value without using a broker to represent them in the sale. Well, lets take a look at some of the statistics that the National Association of Realtors has gathered in reference to For Sale By Owner properties versus Agent sold properties.

The Median Sales Price For Agent Sold Properties is 13% More Then FSBO’s

This should most likely be the most compelling reason to hire a broker to sell the home, unless the broker is charging you 13% commission. If the average commission is 6%, that still means on average a broker is going to yield you 7% more then you would have on your own, and leave with you a higher net, all the while handling the negotiation and contract to close process that is so intricate. Some people have had bad experiences with brokers and are very cautious about using one, and this can prevent them from listing with a broker, luckily for them there are many out there that subscribe to a code of ethics and play by the rules, you will just have to get a referral or interview a few of the good ones.

NAR states that 34% of buyers find their homes through brokers!

While many buyers can be captured through the internet, still 34% of buyers find their homes by the suggestion of a broker, that’s one third of the market being propelled by brokers. It does not cost a buyer anything to work with a broker, as traditionally the seller is paying the commission, therefore most FSBO’s are going to be approached by buyers that have brokers.

 

So before you go FSBO in Westchester County, let us give you a second opinion.

 

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Check us out on elsewhere the web!

www.frankmorrisrealestate.com
//www.facebook.com/francismorrisrealestate/
https://www.linkedin.com/in/frankmorrisrealestate/
,https://eastchesternyhomes.wordpress.com/
,https://www.instagram.com/fjm_realestate/
,https://twitter.com/FMorrisRealtor,

www.barhiteandholzinger.com