Ladies and gentlemen, the time has come. Today we say farewell to the Agent/FSBO series (for now). Last week we discussed the reality of why working in a For Sale By Owner (or FSBO) situation is not beneficial to the seller. We learned about the lack of licensed representation when owners have questions or concerns, we learned about all the roadblocks that come up in inspections, and we discussed why there just isn't enough marketing utilized or even available to sellers when they try to sell it themselves. This week, from Inman.com, here are the final reasons why it’s worth it to trust an agent to be your representative in the sale or purchase of your next property:
10. Miscellaneous and unforeseen costs add up.
We as agents understand why sellers are keen to sell their property themselves. Most of the time, it's to save money. But one thing sellers don't realize is that over the course of listing the property themselves, they may end up spending money on flyers, photography (if you really want people to "have to have" the house immediately), attorney fees (which are required for closings in most states), pest inspections, etc. Now while we aren't saying you won't pay those costs, some of them will already be paid for as part of the marketing, and will just be a part of the agent's commission - depending on the nature of the unexpected cost. But one thing is for sure. When it comes to making arrangements for all of this, wouldn't you rather just hire someone to arrange it all for you?
11. Time is money. Lost money
While some sellers have already paid off their mortgages, most haven't. And while you're waiting for it to sell, you're still making payments on that mortgage every month until it sells. Which could be a long time, based on what we discussed previously about FSBOs taking longer to sell based on improper pricing and lack of adequate marketing. If a property is priced right and is listed in an active market, it should not take long to sell if listed by an agent who is utilizing the resources at their disposal. And then there is the time you would have to sacrifice to leave work and open the house every time there is a showing, every time there is an inspection, and every time you have to read over every potential contract and then deal with the renegotiation process and then writing up final contracts. That's a lot of time out of work, and it's going to cost you in the long run.
Thank you so much for taking the time to read our series of “Why Working with an Agent Is Better Than for Sale by Owner"! We hope it's been informational and helpful for you, and if you have any questions, we would love to hear from you!
To catch up on the previous installments of“Why Working with an Agent Is Better Than for Sale by Owner", click the Older Post link below, or click on any of the posts listed below.
We hope to see you again next week!
Dusty Rhodes Properties is the Best Realtor in Myrtle Beach! We do everything in our power to help you find the home of your dreams. With experience, expertise, and passion, we are the perfect partner for you in Myrtle Beach, South Carolina. We love what we do and it shows. With more than 22 years of experience in the field, we know our industry like the back of our hands. There’s no challenge too big or too small, and we dedicate our utmost energy to every project we take on. We search thousands of the active and new listings from Aynor, Carolina Forest, Conway, Garden City Beach, Longs, Loris, Murrells Inlet, Myrtle Beach, North Myrtle Beach, Pawleys Island, and Surfside Beach real estate listings to find the hottest deals just for you!
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