FSBO in The Breckenridge-Frisco Area – Good Idea or Not?
A FSBO, or For Sale by Owner, is a home that is being sold by the owner without the use of a real estate agent. When thinking of selling a home, you might think about skipping the services of a Realtor and saving the cost of that service. FSBO in The Breckenridge-Frisco Area – Good Idea or Not? This blog will help guide you through if this is a good decisions for you and your family. The most common reason is that the seller believes they are saving the costs of hiring a real estate agent and the commission. Some sellers don’t want to hire a professional Realtor because the Realtor receives a chunk of the profits from the sale of the home.
Most homeowners believe that they can keep this money and sell their home on their own without the aid of a Realtor. Unfortunately, homeowners generally don’t know all the intricacies that go into selling a home and all the hard work and effort it takes. I’d like to show you why this way of thinking isn’t true and why homeowners usually end up with added stress, wasted time, and less money. Don’t hesitate to reach out as well and get in touch if you need more information. Keep reading for more information on FSBO in The Breckenridge-Frisco Area – Good Idea or Not?
FSBO VS. Using A Realtor
The National Association of Realtors has done the research and found that homes sold by people utilizing the services of a listing agent sold their homes for an average of 23% more than if they had sold the home themselves. In this example, I’ve lowered the percentage to 16% to be conservative, and included the agents’ commissions (this would cover both the Listing Agent’s and Buyer’s Agent’s brokerage firms).
When looking at the chart below you will see that even with the agent’s compensation subtracted from the final listing amount the home still sells for more than if the owner had tried to do it themselves. The hypothetical seller actually has a 9% net gain on the price. It’s important that you do not underestimate the expertise, knowledge, resources, and experience a qualified real estate agent brings to the table. If you are considering an FSBO because you believe it will save you money, I strongly suggest you reconsider. You would be doing yourself a disservice and losing out on time, money, and peace of mind.
What Can A Realtor Offer To You FSBO in The Breckenridge-Frisco Area – Good Idea or Not?
If you’re still thinking that selling your home yourself can’t be that difficult, I’d like to offer you some insight. Here is a list of things that a real estate agent would be doing for you that you would have to do yourself instead. And not only would you be taking on all these responsibilities, you’d be doing it with fewer resources and less experience. A local real estate expert such as myself knows your market well and will price your home properly so it can sell for top dollar in a desirable time frame. They are also experts in marketing your home!
A Realtor that is also a Certified Negotiator will represent your best interests and will guide you throughout the transaction. They will make sure that potential buyers are qualified as well so as not to waste your time. A real estate agent would be in charge of organizing all aspects of the sale so that you can sit back and relax. Additionally, they are someone who is familiar with contracts and all the legal issues that come along with selling a home. The top real estate agents deliberately pursue extensive training in order to maximize your return, so I highly recommend that you use that to your advantage.
How Can I Help?
If you have any additional questions regarding FSBO in The Breckenridge-Frisco Area – Good Idea or Not? Please feel free to reach out to me! As we start this new year, I want my clients to know I am here for them. I strive to provide my clients with relevant and up-to-date information. I am using safety guidelines and following social distancing practices to keep my clients safe and healthy. If you would like to know more about how I can help you with your real estate needs please reach out!
If you would like more information on how the Breckenridge Frisco Area Real Estate Market is doing, you can also sign up for my detailed monthly market report here.
Coldwell Banker Mountain Properties