Saturday, February 10, 2007

Danger of For Sale By Owner (FSBO)

It seems logical that you can profit more by selling your house on your own and avoiding brokerage fees. However, a good realtor can actually net you more despite his/her commission costs. In fact, the National Association of Realtors (NAR) reports that the average seller makes 16% more by using a real estate professional versus selling on their own.

Realtors have access to marketing tools that attract more pre-qualified buyers. The more viewings the realtor can bring, the higher the price that home can demand and the quicker it will sell. As Chicago continues to move towards a buyer's market, attracting more potential buyers becomes increasingly important.

2 comments:

Lizy said...

Working on your own certainly requires some time and effort in order to prepare for the whole process. Working FSBO is not as easy as it may seem. But more and more people nowadays choose this way of marketing and selling their property instead of dealing with an agent and paying a commission. Recently I have come across one interesting service ClimateWatch that can help home buyers when searching an ideal place to live. It is called Climate Watch. It allows homebuyers to check what the climate is like in another town or city all year round before they move there.

Rosa L. said...

I suggest to try StreetView on the website of Fizber to explore city neighborhoods. It feels as if you're walking down the street!

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