In real estate market, market exposure is everything. Many people want sell their property themselves. I feel it is not an impossible task but it is not hassle free. Not many people have been successful in selling their houses through FSBO. There are lots of factors involved in selling a house that only the experts in the field can deal with. I am presenting a brief comparison on FSBO vs hiring a realtor which will highlight the benefits of hiring a realtor.
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For Sale by Owner (FSBO) |
Hiring a Realtor |
| You do the repairs or updates that you think are needed by doing your own research. | A realtor will give you an expert opinion on what repairs and updates are needed keeping in mind the market trends so that you get the best return on investment. |
| You decide about pricing on your own by doing your research and insight. | Your realtor can do all the market research for you about the pricing. Final decision will always rest in your hands. |
| You have to decide about what upgrades are needed and what are the latest trends. | He/she can prepare a thorough current market analysis (CMA) for your review about recent upgrades and trends. |
| You have to compare the value of your home. Records of tax sales are available in the city or county’s public records for you to compare your home vs. others in the area.
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Realtor has thorough insight into current market activity and trends in your neighborhood and the area as a whole. This enables the Realtor to give you advice on pricing your house most optimally in light of your goals, your home’s condition and the market conditions. |
| You have to manage the showings of your property
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A realtor has lot of tools for managing the showing of your property like putting a lock box on your home. The lock box requires special keys that Realtors use to unlock it, and it allows your Realtor to track exactly who is showing your home and when. |
| You are in charge of marketing your home as little or as much as you desire. | A realtor has lot of creative ways to market your property. They have their own way of networking. A good Realtor keeps you informed of the market activity on your home, and keeps you in the loop throughout the entire transaction. |
| You are responsible for negotiating the terms of the contract, pricing, financing, date of possession as well as any additional negotiations afterwards directly with the buyer. This can make selling of a house a experience full of hassles. | Any kind of negotiation is done by the realtor which includes but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment |
Seeing the above comparison, it is clear that selling a house is not easy as it seems.Then why not go for teamkbsingh and make your journey of selling your house a pleasant experience.