FSBO vs. Experienced Real Estate Agent: What is the Right Choice?
Filed under: Real Estate
There are many costs associated with buying or selling a home, so it is easy to see why some homeowners assume that they should use a For Sale By Owner (FSBO) strategy in an attempt to save money. Why pay a real estate agent a commission if you can handle the transaction on your own?
The truth is that there are many differences in the quality of a FSBO compared to working with an experienced real estate agent. Here are a few reasons why you shouldn’t sell your home without hiring an agent:
Attention to Detail
It can be overwhelming to work through the stacks of paperwork that are required for a home transaction. If you are inexperienced in the industry, then you won’t know what to look for when reading the conditions and looking for errors or negotiation points. An experienced real estate agent is very familiar with these documents, helping you to understand the paperwork.
Best Negotiation Skills
During the negotiation process, you need to have someone who knows the industry and can offer suggestions so that you can get the best deal. After working with many clients, a real estate agent can negotiate fairly and effectively. Negotiation is often a part of the process, so you need to be sure that you have someone watching out to protect your interests.
Fast Time to Sale
How long has your home been sitting on the real estate market? A For Sale By Owner approach will slow down the process, making it hard to sell your home in an efficient timeframe. Enlist the help of an agent if you want to sell the home quickly for a great price.
Network Connections
One of the most valuable things that a real estate agent brings to the table is their network connections. Agents work hard to stay connected in the industry, which means that you can tap into their network when looking for a buyer. Your agent will start reaching out to their contacts before your home even hits the market.
Whether you are buying or selling a home, the best strategy is to make sure that you have a trusted real estate agent by your side. For more information, call Lloyd Mize at Harvest Team Real Estate at (951) 551-1677
