“For Sale By Owner” Do you really save money? Limited exposure to potential buyers could lengthen the sale process and reduce your net proceeds from the sale.
By sticking a For Sale by Owner sign on a yard, you will attract only the few buyers driving by your home. Your property will not be listed in most of the websites that are favorites of homebuyer’s searches.
The advantages of using a Real Estate agent to help you sell your home are many, starting with the exposure that your home will receive in many of the websites that buyers search for.
Another advantage is their ability to communicate information about your home with other agents by holding an agent exclusive walk through event. This will expose your home to many agents who may already have buyers looking for a home fitting the description and features that are similar to yours.
Another tool in their arsenal is an Open House for potential buyers. This is something that you could do without their help but don’t expect the same results. Real Estate agents present at an Open House know how to generate buyer interest, that is what they do for a living and the type of expertise that most home sellers lack.
There is one more reason you may want to work with an agent; Reverse Prospecting. This is a tool they have to search for agents that are already working with buyers whose criteria is similar to what your home has to offer. This gives you exposure to the best type of prospective buyers, the ones targeting homes similar to yours.
So before you get the urge of sticking a For Sale By Owner sign in your yard, spend a little time interviewing potential Real Estate agents to help you sell your home. It may save you time and money.