FSBO vs. REALTOR®: How Should You Sell Your Home?
You’re ready to make the next move in your life to a new home, which brings up the task of selling your current house. You may be debating whether to sell the house on your own, For-Sale-By-Owner (FSBO), or to use a REALTOR®. You might think your best option is to sell it on your own, however, we argue that you might want to think twice about that decision. These are the top benefits and reasons you should use a REALTOR® to sell your home.
#1: REALTORS® Will Sell You Home For a Higher Price
Many sellers who choose the FSBO route believe they will be saving money in the long run by avoiding paying commission to a REALTOR®. According to the Nation Association of REALTORS’®(NAR) 2017 Profile of Homebuyers and Sellers, those who used a REALTOR® sold their home for between $60,000 to $90,000 more than FSBO. Even with commission costs, which are typically five to six percent of the home’s listing price, you will still be selling your home for more!
#2: REALTORS® Have the Time and Tools to Market Your Property
With a full-time job, family and other responsibilities, finding time for yourself can be hard, let alone finding the extra time to list and market your home. REALTORS® have the time (it’s their job!) and the resources (including dedicated property websites, built-in social media audiences, open house hosting experience and a broad network) to effectively spread the word on your home. Their expertise comes in handy for those who are unsure where to start when purchasing a home.
#3: Your Home Will Sell Faster When Working with a REALTOR®
Because of their access to time and tools to sell your home, using a REALTOR® will allow your home to sell faster. The NAR report found that most homes sold by REALTORS® were purchased 20 days faster than FSBO. If you’re on a timeline and need to sell quickly, getting these days back could mean a lot.
#4: REALTORS® Have Potential Buyers At Their Fingertips
How many people do you know who are looking to buy a home? REALTORS® have a full arsenal of potential homebuyers at their fingertips, from previous and current clients to those in their database and more. They have the ability to reach more people faster than an FSBO.
If you’re ready to get started with a REALTOR® to sell your home today, click here to begin your search.
