Advantages and Disadvantages of Homes For Sale By Owner
“Beyond the issue of commission, many homeowners are wary that real estate brokers — for all their efforts and expertise — may not have their best interests at heart. According to some economists and other financial experts, real estate agents may be motivated less by getting you the highest possible price for your home than by securing a buyer as quickly as possible.” Says Joe Raedle who Writes on “Advantages and Disadvantages of Homes For Sale By Owner” Joe goes into debt with the pros and cons of a homeowner trying to sell his or her home. Although everybody has different perspectives this article helps individuals realize their personal opinion of what’s better. Professor Steven D. Levitt cited data showing that many real estate agents sell their own homes for considerably higher prices than those of similar properties for their clients. Which is not a surprise, its pretty much nature for an individual in their field to get an advantage because not only do they expertise in that type of field, but also have many resources and have a bigger network. However that is not always a case, because now a days technology is always advancing what seems to be daily at times. It’s amazing what technology is doing to jobs. It may be effective, but not always effective because technology can have minor problems. So a homeowner can advertise their properties online, which might seem to be the same thing a realtor usually, but that is not always the case. Realtors have systems that leverage many actions the homeowners may have to take. Leveraging is not only saving time, but it is also a great factor on saving money. One may say that how will I save money if it’s my home, but following that phrase time is money. Catering to the FSBO market. For relatively small fees, you can reach hundreds of potential buyers by posting your property online and including color pictures and 360-degree virtual tours. It’s even possible to get listed in the MLS for a flat fee through some of these services, though they may require you to be willing to pay a 2 to 3 percent buyer’s agent commission. The MLS is a system where all realtors list their homes, and when finding an interested homebuyer they provide all the homes on that system to their clients. There are homes that aren’t on Zillow or Trulia on the MLS, so it is a great advantage to have that system. Also a powerful advantage is that the system runs a home comparable analysis to find what homes similar to yours are running at, so that you can list the home for a great price. Rather than listing your home at a ball out of the park price, or listing for a price way under price. So overall as said earlier everybody has a different perspective. Also the situation of the homeowner has a lot to do with the determination of what route/ option they take. So it is important for one to analyze their position on wanting to sell.