For Sale By Owner or Real Estate Agent?

One of my favorite nondescript answers to any questions is: it depends. While this may irk you hear me out. If you already know someone who will buy your property for what you know to be a good price then by all means sell it yourself. If you know what your property is worth and know how to market the property well enough to sell it for that price then again, by all means sell it yourself. Now if you are like most people where you only have a guess on how much your property is worth and don’t know the first thing about marketing a property then you might what to consider using a real estate agent. Depending on the area and type of sale, Realtor® fees can be between 5 and 6 percent of the sale price. That means if a real estate agent can get you just 5 or 6 percent more than what you can get on your own, then it is worth it! You could easily misjudge the value of your home by that and if you cannot find a buyer on your own then that’s no good either. Generally realtors can find many more potential buyers which means that you can sell with more confidence knowing you got the best possible price for your home. Furthermore, real estate agents sell properties all the time so they know their way around negotiations and contracts. So just call a real estate professional unless you really know what you are getting into, I promise they don’t bite.