For Sale By Owner vs. Selling with An Agent…

Real Estate Agents Make You Significantly More Money

When considering selling listing your house “For Sale By Owner” (FSBO) it is important to consider, in addition to the challenges faced by FSBO’s, the expertise Real Estate Agents bring to the table.

When selling your home, a Real Estate Agent can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and conditions of competing properties. These are key factors in getting your property sold at the best price attainable.

In fact, a 2011 Home Sellers study reports that the median sales price of an Agent-Assisted home was 27% higher than one for sale by owner.

A  Real  Estate Agent will market your property to other Agents – as well as to the public – and will know the best way to go about doing so. An Agent can also help you objectively evaluate buyer proposals, and then, finally, help you navigate and close the sale.

In 2011, the typical FSBO home in Bradley Beach and surrounding areas sold for $357,927 compared to $490,308 for Agent-Assisted home sales.

Bradley Beach Real Estate Make More Money

FSBO Buyers & Sellers

Analysts have stated that FSBO’s believe their homes should fetch more than buyers are offering.  On the other hand, buyers believe that FSBO properties are overpriced. This is where a Real Estate Agent’s expertise in pricing your house to sell is invaluable.

Competitive Market Analysis
The best price can only be determined by testing the market and challenging the competition. The market dictates value based on current conditions.  A Competitive Market Analysis provides the information needed to determine the value of your home.

Buyers “comparison shop” and the Competitive Market Analysis focuses on properties on the market competing for buyer attention.

The Benefit of Right Pricing
Right pricing clearly works to your benefit by resulting in a premium selling price in the shortest time.  Pricing right means more qualified buyers are viewing your property, you will not lose money by chasing the market down and you will avoid the stigma of being a ‘stale’ listing.  Pricing is the most important aspect of selling your home and it requires the extensive market knowledge that only a Real Estate professional can bring.

Only a Real Estate Agent has the tools and resources needed to pull, analyze and apply this data effectively.

Are you currently listing as FSBO? What challenges are you facing? How can Patrick Parker Realty help?

Patrick Parker Realty
pparker@patrickparkerrealty.com
www.patrickparkerrealty.com  
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About Patrick Parker Realty

Patrick Parker Realty, an independent boutique brokerage located in the heart of Bradley Beach is your local market leader. We understand the demands of a changing real estate market and avail ourselves of the latest industry information and tools to ensure excellent results. Our Commitment to You Our seasoned Real Estate Agents are committed to providing all of our clients, from first time sellers to veteran real estate investors, quality and friendly service. We walk you through every step of the sale process offering the guidance, feedback, and expertise needed to ensure your complete satisfaction.
This entry was posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, Financing, For Sale By Owner, FSBO, jersey shore real estate, New Jersey Real Estate, pricing, Real Estate News, Sellers. Bookmark the permalink.

One Response to For Sale By Owner vs. Selling with An Agent…

  1. Pingback: Selling Your Home During the Holiday Season | New Jersey Real Estate Blog

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