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For Sale By Owner VS Listing With An Agent

“I will save money without having to pay an agent’s commission.” This is the biggest reason why people go and list their home without an agent. My question is, are you really saving money? Here are some things to think about before you list your home yourself vs listing with an agent. 

How do you plan to advertise your home?

Sure you can list your home on Zillow, you can take the time to send out flyers or blast it on your own social media. But why would you limit yourself to just these things? Real estate agents have access to the Multiple Listing Service (MLS) where your listing is exposed to all the other agents in the area and any of their clients that have a search within your home’s criteria. Agents also do a lot of their own social media marketing as well as print marketing. The nice thing about that is you don’t have to lift a finger doing any of the work. Agents are also able to field inquiries for you on your home as people come across your listing and have questions about it.

How do you plan to navigate showings?

Showings can be tricking especially when you have to plan your life around them. How will you keep track of who has been in your home? How do you plan to be at home for every showing? The bigger question is, how do you make sure you are showing your home to a serious buyer vs someone who wants to be entertained? Agents are the answer to all of those questions! When you list with an agent, they will ask you when you want your home to be available for showings. You work 8-5? You can make showings available during that time so that you aren’t disturbed when you are home. You like to be out and about on the weekends? Have agents show it all day those days. Agents are also present with all of their clients when you have showings, this allows you to be where you need and want to be. Another plus is that agents do a great job fielding out the serious vs non serious buyers.

Are you knowledgeable about the contracts to sell a home?

How do you plan to come to terms with a buyer on a contract? Having an agent can help create a boundary between you and the buyer to keep things neutral while working together on a contract. Forming a contract is just the beginning. There are still inspections to be done, appraisal to be ordered, working out any repairs/credits, scheduling attorneys or financing issues that may pop up.  It takes a lot of navigating and problem solving to make it to closing as there are many turns in the road and unexpected bumps along the way.

Find a trusted agent

Most buyers are not going to want to make the biggest purchase of their life solo. They are going to bring an agent to represent their best interest. More than likely that agent is going to come to you and ask for some sort of compensation. Most people can’t afford to not have an agent guide them through the biggest purchase. If you aren’t willing to compensate them and the buyer isn’t able to afford it, a lot of times they will walk from your home because they want to buy with an agent who will protect them and their needs. Find a trusted agent who can talk you through what all goes into commission, what it takes to be knowledgeable about your market, how they take time to get your home in front of as many people as possible. It takes a knowledgeable agent to do all of those things and know how to help guide you through the long process of a contract. Your agent is there to be your problem solver and get you to your end result: the sale of your home. My team has had the honor of doing this for 23 years in Western North Carolina. We would love the opportunity to see how we can help you too.

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