When it comes time to buy or sell a home, many people are looking for ways to save money because they are making such a big purchase. One option that is becoming more popular is to choose the “For Sale by Owner” method, in an attempt to save money on the fees that are paid to a real estate agent. But, is this method as effective as it might seem?
“For Sale by Owner,” often referred to as FSBO, means that a buyer or seller attempts a real estate transaction without the support or advice from a real estate agent.
Why “For Sale by Owner”?
The main motivation for most people to attempt a FSBO is because they want to save money on the real estate agent commission fees, which are typically 6% of the price. These fees can really add up! For example, if a home is priced at $250,000, then it means that about $15,000 are paid in fees to the realtor.
Some home owners mistakenly think that they can handle the process on their own because of the online resources and tools that are now available. Online listings make it appear that a person could navigate the process of buying a home without worrying about a real estate agent.
It might seem tempting to skip the real estate fees, but the truth is that you will be missing out on the personal guidance that is available from a real estate agent. When a person isn’t familiar with the real estate process, it is much more likely that they will make mistakes along the way.
Don’t Make the Mistake of FSBO
The truth is that there are numerous advantages to working with a real estate agent when you are ready to buy or sell a home. If you want the best results possible, then you need to make sure to have a real estate agent by your side.
Here are some of the benefits of skipping the FSBO and working with a real estate agent instead:
- Better Price: Your real estate agent will have the experience and skills to effectively negotiate a fair price for the home, helping you to save money.
- Insider Tips: When you are working with an experienced real estate agent, they will be familiar with the local neighborhoods and be able to offer you tips about the area and the types of homes you should consider.
- Marketing Tools: Leveraging marketing platforms such as online listings and networking is a great way to help, and an Atlanta real estate agent will know the best platforms to use.
- Protection: A lot can go wrong in the process of buying a home, so you need to make sure that you have an experienced agent by your side to guide the process and keep you protected.
If you want the benefits of working with a real estate agent without paying the high commission fees, then your best option is to contact us at Duffy Realty of Atlanta. We offer flat-fee real estate services, helping you to save thousands of dollars: (678) 318-1700