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The Value of a REALTOR® Series -For Sale by Owner

Posted by Jenny Carroll on Friday, June 8th, 2018 at 4:31pm.

Have you ever wondered, “What's so hard about selling a house? I can do that myself.” According to the National Association of REALTORS® (NAR), only 8% of homes sold per year are sold directly by the owner. There is a good reason for this; navigating the complete transaction of a home sale can be complicated. These are the questions you must ask yourself: What do I need to do in order to get the home ready for the market? Should I do any repairs/remodeling before putting it on? How will I market the home? and most importantly, At what price will I sell my home? Of course, within these questions are a hundred other questions that pop up. It can be stressful for the untrained person to consider. By not understanding the issues that can arise in a sales transaction and who to contact to resolve them, you risk losing tens-of-thousands of dollars on the sale of one of your life's biggest assets.

According to NAR, last year 89% of home sellers were assisted by a real estate agent when selling their home and sellers typically sold their homes for 99% of the listing price. The typical home sold was on the market for 3 weeks while only 22% reported reducing the asking price at least once. A reputable licensed REALTOR® can take the burden of handling all the various elements of the sale off of the seller while providing peace of mind that the home is priced right and marketed well. In fact, 67% of those polled said they would use the same agent again in the future.

The number one reason people try to sell their homes on their own is to save money on commissions paid to REALTORS®. However, studies show that homes sell faster and for more money when listed with a real estate broker than when sold as a FSBO. Owners, many times, will actually lose not only money but time and energy by trying to sell the home themselves. When you look at the numbers, it's easy to see that an experienced REALTOR® is the key to selling a home for the most money with the least amount of hassle. Call your local Stanberry REALTOR® today to see what we can do to help you with your home.

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