Tuesday, December 28, 2021 / by Brad Brethouwer
For-sale-by-owner transactions are not as easy as you might think.
Today I’ll warn you about the pitfalls of selling your house on your own and what you should look out for.
The biggest attraction to selling your own house is saving money on the commission because you don't have to pay a Realtor. However, you get what you pay for. Nine out of 10 for-sale-by-owner transactions eventually relist their house with an agent because they fail to sell it. This year, we had two previously for-sale-by-owner listings that we sold after they tried to sell themselves. On average, a Realtor-assisted sale nets 26% more than a for-sale-by-owner transaction. Even if you only sell for 10% to 15% more with a Realtor, that completely covers the commission and puts even more money in your pocket.
Agents have years of experience, a marketing plan, and a helpful team. Those things go a long way in getting you top dollar for your property, and we can make the process a lot easier. If you have questions, visit bradbret.com, and don't hesitate to call or email us. We look forward to hearing from you.