Our friends at KCM (KeepingCurrentMatters.com) have provided us with yet another amazing infographic, and 5 reasons why you're not doing yourself any favors by listing your home as "For-Sale-By-Owner."
Pictured above is the beautiful infographic from KeepingCurrentMatters.com where they compare and contrast the advantages and disadvantages of putting your house up as "For Sale By Owner" over using an agent.
1. There Are So Many People To Negotiate With
The buyer, the buyers agent, the buyers bank, the inspection company, the appraiser, and the title company are only some of the people you're going to have to speak to and negotiate with. It's not the ideal situation for someone who doesn't know much about the industry, and it can also be a huge unnecessary headache to deal with.
2. Getting The Word Out
88% of people search for their new home online. If you work through an agent/agency, they will most likely have various online outlets that allow them to promote the house and find the most eligible candidates.
3. All The Paperwork
It doesn't sound so bad when you're talking about it, but if you add in all the other things you have to do during the week, it can be a real struggle. There are so many forms, files, and papers that need to be filled out, discussed, agreed upon, and signed by both parties. If you have a day job, a family, or anything else that takes up time during your week, this paperwork is going to turn out to be a huge hassle.
4. Using An Agent Can Net You More Money
Studies show that an on average, using an agent can net you 13% more. Plus, not only are you saving money, you're also saving a whole lot of time.