"I WANT TO SELL MY HOME AND THE THOUGHT OF SAVING MONEY BY SELLING IT WITHOUT A REAL ESTATE AGENT IS ENTICING. FROM A FINANCIAL STANDPOINT, IS IT WORTH IT TO SELL IT BY MYSELF?"
Unfortunately, it could very well be a bad decision to not hire a qualified real estate agent. That's because a real estate agent's expertise in determining an initial list price and their ability to successfully market your home not to mention their experience in home sale negotiations and innumerable other areas of real estate will more than likely offset any financial savings from selling your home yourself. It's also very possible that you'll end up losing money by not using a real estate agent. According to a 2024 survey by the National Association of REALTORS, the average for sale by owner (FSBO) home sold for $380,000, while the average agent-assisted home sale was $435,00 a difference of $55,000 (12.6 percent). These averages don't include other costs for a FSBO sale such as marketing, listing photos and staging, and any required legal fees. Yes, every situation is different and you could certainly have success selling your home yourself, but if you consider that a typical agent's commission is negotiable, why take the chance that you could sell your home for so much less just to avoid that commission? In the end, if you want to maximize your profit, it's best to go with a professional.
Let me help you decide with no pressure to hire me. Free Consultation is always part of my services.
Information contributed by Ken Byrne at Alcova Mortgage.
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