| What about trying to sell my house myself? |
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For-sale-by-owner residential transactions are less than 15% of all home listings nationwide. According to a 2005 survey of homebuyers and sellers conducted by the National Association of RealtorsÒ, 68% of respondents sold their homes through a real estate professional. An additional 8% tried unsuccessfully to sell on their own. Only 13% of respondents sold their own homes. the remainder decided not to sell. Further, the research shows that 50% of those homeowners who did successfully sell their homes without a real estate professional's help vowed never to do it again, because of the complexities and hassles associated. Among the major problems cited:
People who try to sell their own homes deny themselves the benefit of a real estate professional who is trained to sell real estate on the terms most advantageous to their clients. The potential for saving a commission becomes less of an issue - because the Buyer wants it too. As mentioned above, Buyers Agents will call to show the property, but will expect a selling commission.
An experienced RealtorÒ can provide much better exposure, up-to-date reports, and negotiating assistance, because they have a clear understanding of local housing market and financing options. In the vast majority of cases, there are fewer problems, less time spent and more profit for the homeowner when using a RealtorÒ to sell their home.