Thinking Of Selling Your Area House Yourself Or Going With A Limited Service Agent?
Even in a seller’s market like , it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your house. It’s important to know your options when selling a house. Dive in and learn the differences when you hire , sell yourself, or a cut-rate limited service agent.
|Working With||For Sale By Owner||Cut Rate Agents|
|Time To Sell:||Lower average days on market (under 50)||Studies show selling yourself adds on average 20+ days to the time to sell the house**||Depends on how comprehensive the service is to help market and negotiate the home|
|Typical Sales Price:||Houses sell for 13% higher prices* when working w/ a broker vs. FSBO||13% less* than an experienced agent is able to negotiate||Depends if their service includes full negotiation services or not|
|Marketing Costs:||$0 – We pay for all marketing and do all of the marketing work||$500 – $2,000+ in ads, yard sign, and more.||$500 – $2,000+ in ads, yard sign, and more.|
|Types Of Marketing Included:||MLS listing, professional yard sign, our team of buyers agents, featured online listings, open house if necessary, and more!||None. You’ll need to purchase all of your marketing separately.||MLS, other marketing usually extra|
|Time Commitment From You:||Very little. We want this to be as hands off as possible for you so you can enjoy the process.||3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc.||3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc.|
|Fees / Commissions:||Competitive commission structure. But we save you time, headache, and stats show we can help you sell for a higher price vs. FSBO||$100-$1,000 for materials and FSBO website listings.||Flat fee or reduced commission for reduced services and assistance.|
|Legal / Contract / Advice:||100% included. We handle all of the contracts, documents, setting up escrow and closing, and more! We worry about the details so you can relax.||You are responsible for all contracts, escrow, and legal details to ensure the closing happens correctly and legally.||Not always included, when it is it may be limited. Ask the agent what they include and will not include.|
At the end of the day, we always advise our clients to put a value to your time and energy that it will take to sell a local , house yourself. If it takes you 30 hours of your time (at minimum) and you value your time, that alone is thousands of dollars in real value, not to mention the lost time. Add up the research showing how a full-service agent who is experienced in local real estate can help sell your house on average 20 days faster and for 13% more, and that’s why 89% of home sellers work with a local real estate broker like to help you sell your home.
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Less Hassle, More In Your Pocket, Peace Of Mind…
When selling your house, make your decision on what’s right for you based on these 3 important factors.
- The true costs: Often times people look at the commissions for an agent as a necessary evil to sell your home. But, when you partner with the right real estate agents, that agent is the expert in your corner to protect your best interests. If a property takes longer to sell, a buyer backs out, you misstep because of a mistake in the contract that could cost you money, paying buyers agent commissions… all of those things add up to the true cost of selling your house.
- Your time commitment: Do you want to be (and have the time to be) heavily involved in all aspects of selling the house? From marketing to taking calls from buyers, to showing the house, doing your own open house, putting signs outside, to setting up escrow, and more? All so you can save 2 or 3% on the sale. Just calculate what your time and energy are worth and where you should best focus your time. If you’d rather not hassle with the details of your house sale, work with a trusted agent like .
- The “experience factor”: There are hangups that can throw your closing off or cost you thousands. We help you avoid those and we deal with them for you.
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* 2014 Profile of Home Buyers and Sellers, National Association of REALTORS®)
** Both the Northwestern and the Stanford studies mentioned in the Money section confirm just that: “The use of a broker does lead to an accelerated sale. In that respect, brokers appear to add value,” the Stanford researchers declared. The Northwestern study found that it takes on average 20 days longer to sell a house on an FSBO site versus the MLS or an agent.