To FSBO or Not to FSBO - Should You Sell By Owner?

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2016Mar 28

When the market is "hot", many homeowners believe that they will net the most money by "saving on commission" and selling by owner? National statistics show that this may not be the case. In 2014, homes sold by agents sold for 18% more than those sold by owners. There are many reasons for this, including:

most buyers work with agents (as this video will show)
if FSBOs are "protecting brokers" (i.e. paying a commission to an agent who brings the buyer), effectively they are hiring a professional negotiator to negotiate against them
FSBOS underestimate the potential difficulties, the time and the cost involved in dealing with a transaction that goes wrong
Homes marketed by a competent agent get much wider market exposure, resulting in more traffic and a higher price.

Before you decide to sell by owner, give us a call to discuss your options at (843) 900-0155! If you still decide to sell by owner, we'd welcome the opportunity to help you buy your next home! Contact us if you have tried to sell on your own unsuccessfully and want professional help. Our statistics speak for themselves: In 2014-15 our average Sold/Original List Price Ratio was 97.62% vs. 91.14% for the average agent. And we sold our listings in an average of 36 days, compared to 75 days for the average agent.