
For Sale By Owner vs. Realtor: Which Gets You More Money?
When selling your home, one of the biggest decisions you’ll face is whether to sell For Sale By Owner or enlist the help of a realtor. Both options have their pros and cons, but what about the financial aspect? Will going the For Sale By Owner route really save you money, or could it actually cost you in the long run? In this post, we’ll compare the financial outcomes of FOR SALE BY OWNER vs. realtor-assisted sales to help you make the best decision.
Selling with a Realtor:
Realtors bring expertise to the table, including knowledge of market trends, pricing strategies, and negotiations. This could mean a higher sale price.
Statistics show that homes sold with a realtor tend to sell for 10-20% more than FOR SALE BY OWNER properties.
For Sale By Owner:
FOR SALE BY OWNER sellers may save on commission fees but often struggle with pricing their property correctly and marketing it effectively. Many For Sale By Owner’s end up accepting lower offers or not selling at all.
Hidden Costs of For Sale By Owner:
Listing your home online, staging it, and handling legal paperwork can add up. For Sale By Owner sellers may also face longer time on the market, meaning more upkeep costs.
Ultimately, while selling For Sale By Owner may seem cost-effective at first, the expertise and marketing a realtor provides can help you get a higher price for your home. It’s essential to weigh these factors and consider your time, effort, and potential costs before deciding.