It is smart to look for ways to save money on your real estate transaction. But, it is important that you proceed with caution. Do you know the potential pitfalls of buying or selling a home without an experienced real estate agent to help? Here are a few details that you should consider so that you can make the right choice for your family:
The Difference Between Flat-Fee and FSBO
FSBO stands for “For Sale By owner,” which means that the real estate transaction will be completed without the support and advice from a real estate agent. With most common real estate agent commissions, it is standard for 6% of the purchase to go towards the agent commissions. These fees can add up, which is why it is understandable that people are interested in cutting the agent services.
In comparison, a flat-fee real estate agent charges a low, set fee for the services that are provided. The internet has transformed the way the real estate industry works, making it easier than ever to buy or sell a home. At DUFFY Realty, we are proactive to keep our overhead costs low so that those savings can be passed onto our customers. This flat-fee commission structure means that you can lean on the experience of a trusted real estate team, while saving thousands of dollars at the same time.
Common FSBO Failures
Even though homeowners have the best intentions with a FSBO transaction, there are common issues that pop up:
- Difficulty with Marketing: It is easy to assume that you will be flooded with potential buyers as soon as you list a FSBO property online. But, there are certain exposure aspects that you will be missing if you aren’t working with a real estate agent. Plus, the agent can offer insights about how to improve the photos and listing to attract the right type of buyers.
- Incorrect Pricing: If you don’t tap into the resources that are available through real estate agents for market comparisons, then there is a good chance that your home is priced wrong. As a result, it could take a long time to sell because people don’t want to pay the amount that you are asking.
- Managing Paperwork and Showings: You will be up to your eyeballs in paperwork if you don’t have an agent to assist with the closing. It can be overwhelming to face a thick stack of papers filled with legal terms that you don’t understand. If you don’t have experience in law or contracts, then you need to be sure that you have an industry professional to assist.
The truth is that these problems could cost you thousands of dollars! Instead of wasting your money on a real estate transaction gone wrong. It is an investment to spend your money on a professional agent that will help you maximize property profit margins and avoid potential problems. The higher selling price will be more than enough to cover the price of the home.
DUFFY Realty offers the solutions that you need by providing quality real estate services at affordable prices. Call today to learn more about the amount you will save with our flat-fee commission structure: (678) 318-1700
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