{"id":6794,"date":"2021-04-06T06:30:29","date_gmt":"2021-04-06T10:30:29","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6794"},"modified":"2021-04-06T06:30:29","modified_gmt":"2021-04-06T10:30:29","slug":"dont-sell-on-your-own-just-because-its-a-sellers-market","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6794","title":{"rendered":"Don\u2019t Sell on Your Own Just Because It\u2019s a Sellers\u2019 Market"},"content":{"rendered":"
\n

\"Don\u2019t<\/p>\n

In a sellers\u2019 market<\/a>, some homeowners might be tempted to try to sell<\/a> their house on their own (known as For Sale By Owner<\/em>, or FSBO<\/em>) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low<\/a> as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO<\/a><\/em>. As a result, some sellers think selling their house will be a breeze<\/a> and see today\u2019s market as an opportunity to FSBO<\/em>. Let\u2019s unpack why that\u2019s a big mistake and may actually cost you more in the long run.<\/span><\/p>\n

According to the Profile of Home Buyers and Sellers<\/a> published by the National Association of Realtors<\/em> (NAR), 41% of homeowners who tried to sell their house as a FSBO<\/em> did so to avoid paying a commission or fee. In reality, even in a sellers\u2019 market, selling on your own likely means you\u2019ll net a lower profit <\/strong>than when you sell with the help of an agent.<\/p>\n

The NAR report explains:<\/p>\n

\n

\u201cFSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 in 2020<\/strong> (up from $200,000 in 2019), and still far lower than the median selling price of all homes at $242,300. Agent-assisted homes sold for a median of $295,000<\/strong>\u2026Sellers who began as a FSBO, then ended up working with an agent, received 98 percent of the asking price, but had to reduce their price the most before arriving at a final listing price.\u201d<\/em><\/p>\n<\/blockquote>\n

When the seller knew the buyer, that amount was even lower, coming in at $176,700 (See graph below<\/em>):\"Don\u2019t<\/a>That\u2019s a lot of money to risk losing when you FSBO<\/em> \u2013 far more than what you\u2019d save on commission or other fees. Despite the advantages sellers have in today\u2019s market, it\u2019s still crucial to have the support of an expert to guide you through the process. Real estate professionals are trained negotiators with a ton of housing market insights that average homeowners may never have. An agent\u2019s expertise can alleviate much of the stress of selling your house and help you close the best possible deal when you do.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re ready to sell your house this year and you\u2019re considering doing so on your own, be sure to think through that decision carefully. Odds are, you stand to gain the most by working with a knowledgeable and experienced real estate agent. Let\u2019s connect to discuss how<\/a> a trusted advisor can help you, especially in today\u2019s market.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In a sellers\u2019 market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-6794","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6794"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6794\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}