The Market Today September 1, 2023

The Hidden Cost of Selling Your Home Without an Agent

In today’s era of DIY, it’s understandable that selling your house might appear as just another task you could take on independently. However, I want to emphasize the importance of considering a crucial aspect: Did you know that homes sold without the assistance of a real estate agent tend to yield a staggering 26% less in sales price?

Take a moment to absorb that figure. Let’s delve into the reasons behind this notable price disparity:

1. Negotiation Skills: Expert real estate agents are seasoned negotiators. They possess the knowledge and finesse to adeptly handle counteroffers, ultimately securing a higher selling price for your property.

2. Network: Real estate agents boast an extensive network within the industry. They can connect you with potential buyers that you might never have reached on your own, expanding your pool of prospective purchasers.

3. Market Knowledge: An experienced agent comprehends the intricacies of current market conditions. This means your home will be accurately priced right from the start, preventing over- or underpricing that can negatively impact your sale.

Now, let’s address the allure of saving that 6% commission. On a $300,000 house, a 26% reduction in selling price amounts to a substantial $78,000 loss. By striving to save that 6%, you may unintentionally sacrifice a significant portion of your home’s actual value.

Before you make a decision, I implore you to carefully consider the numbers. With a knowledgeable and dedicated real estate agent by your side, you can rest assured that your home will sell for its true worth, ultimately maximizing your return on investment. As a trusted advisor, I’m here to assist you in making the most informed and financially prudent choice for your property sale.

I am here to get you started with Unlocking Your Permanent Destination.