Should Properties in Elk Grove CA be Sold by FSBO or Through an Agent?

Should Properties in Elk Grove CA be Sold by FSBO or Through an Agent

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Should Properties in Elk Grove CA be Sold by FSBO or Through an Agent? December 13, 2010, by Steve Lunetta

As a seller looking to get the most out of your house, it's completely understandable to want to try your hand at selling the house on your own. Before you make your decision, consider these pros and cons about selling a home through a FSBO or through an agent. By the end of this article, you'll be able to make a much more informed decision.

6% - 7% Commission

The reason sellers opt for FSBO sales is because working with a real estate agent can be seen as "expensive" because of the 6% commission.

However, in reality it almost always costs more to not hire a real estate agent. The NAR has found that on average, sales done through a real estate agent sell for 16% higher than those listed by FSBOs.

Control

Another reason why sellers may opt for FSBOs is the desire to control the entire selling process. While this could be great, it can also be a big pitfall.

Why? Because sellers are often very attached to their homes. They have an emotionally attachment which keeps them from making unbiased judgments or negotiating in an unattached manner.

That's why it's so important that if you work with an agent, you work with an agent you trust so that you can share the responsibility while knowing your agent is taking care of what needs to be taken care of.

Finding Buyers

It's hard for FSBOs to find good buyers. Why?

Generally, real estate agents don't show FSBOs. Instead, they show properties listed by other agents. What ends up happening is that investors or buyers looking for a lowball deal end up coming to look at FSBOs, resulting in lower sale prices.

Although there are some positives to listing your home as a FSBO, it's usually not worth the headache and the time and money you'll likely lose as a result.

To see if a real estate agent is good for you, it's important to talk to someone who's been local to the Elk Grove CA area for some time. To see if we'd be a match, please give me a call at (916) 690-3145 or send me an email at info@finance600.com

There is a lot of free information available to you about buying, selling or investing in Elk Grove CA real estate. For complete information about the Elk Grove CA real estate market including current homes for sale, property values and more please visit the most complete website online www.myelkgrovehome.com dedicated to everything Elk Grove CA real estate.

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