Homes for sale by owner, or FSBO, transactions are commonly seen in seller's markets or whenever homeowners want to maximize their profits by not having to pay commission.
Realtors Earn Your $60,000 More Than FSBO
Statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket. According to the National Association of Realtor®'s 2016 Profile of Home Buyers and Sellers, the average FSBO sales price was $185,000, while the average price for a home represented by an agent was $245,000. That's a difference of $60,000!
Here are some of the top reasons why for sale by owner homes can cause major headaches.
1. Marketing your home online isn't as easy as you think
2. Homes for sale by owner could be priced wrong
3. You could underestimate (or overestimate) how much money to spend on curb appeal
4. Showings are a drag
5. Preparing your own paperwork can be tricky
How an agent can help: Your agent will take care of all property disclosures and corresponding documentation to avoid future liability.
Tim has been involved in the real estate industry since 1976. His passion for the people he works with has established Tim as one of the top agents in the business. He takes the time to discover his client’s wants and needs and also educating them with all the details. With strong market awareness, and knowledge of numerous home financing options, he guides his clients through the home buying process with ease. Tim believes that honesty and attention to the needs of the clients has been key to his success and continues to provide both home buyers and sellers with the best representation possible. Tim provides services to both buyers and sellers from existing homes to new construction.
Tim is an expert in Prescott area real estate, give Tim a call at (928) 830-9595.