Advantages of Selling Your Home Without a Charlotte Real Estate Agent…
…Or are they?
In today’s economy, people are looking for ways to save money. This is also true when it comes to selling their homes. Some homeowners believe that selling their homes without a Charlotte real estate agent will save them thousands.
Is selling your home on your own right for you? After weighing some of the advantages and disadvantages to selling your home without a Charlotte real estate agent, you will be able to make a more informed decision on which choice is best for you.
Here are three reasons sellers feel that selling your home as a For Sale By Owner (FSBO) is advantageous:
- You may save money by eliminating the commission. Selling your house as a FSBO means you don’t have to pay commission to a listing agent. You want to avoid a commission of, say, 6% of the sales price to possibly save that amount coming off of your net. Unfortunately, buyers know that too. So, most buyers believe that if you are selling on your own and not paying a commission, they should get the savings – not you.
- The Multiple Listing Service (MLS) is now available to you. A FSBO can now be advertised on many local Multiple Listing Services. In the past, this tool was only available to real estate agents and brokers. You will usually have to pay a fee to get your home listed on the MLS. Bear in mind that real estate agents have multiple ways that they use to market your property–they KNOW where the consumer is looking and some pay dearly to market there.
- Offers and counter offers can be negotiated face to face between you and the buyer. You don’t have to wait for your listing agent to talk with the buyer’s agent and get all the paperwork drawn up. However, if you are not skilled in negotiation, you may leave money on the table. Remember: You may have sold as many as 2-3 homes on your own–an experienced real estate agent has negotiated hundreds! Put their experience to work for YOU. You will more likely than not, find that you’ll actually get MORE for your property, even after paying commissions!
One other thing to take into consideration before you put up your For Sale By Owner sign is the state of your local real estate market. If it is a buyer’s market, you will most likely have a hard time selling your home by yourself. It’s easier to sell your home by yourself when it is a bustling seller’s market.
If you’d like information on selling your Charlotte home, I’d be happy to help. Contact me today by phone or by email.