When preparing to sell your home there are a number of decisions you’ll have to make. One of the most important choices you’ll make is how to sell: you have the option to work with a real estate agent or list the property as For Sale By Owner (FSBO). While both methods can be successful, they each have their own benefits.
Some people might believe they are legally required to hire a real estate agent when selling their home. Fortunately, no laws exist that force any seller to seek out a realtor. Some states, however, do require that the closing of a sale be handled by a professional real estate attorney. Before you decide to hire a realtor or begin the selling process yourself, check your local state laws.
Selling any home or property comes down to a series of small tasks. Most real estate agents are prepared to:
- Compare home prices in the area
- Create and suggest an appropriate listing price
- Coordinate presentation and advertising materials
- Hold open houses
- Help homeowners evaluate any offers received
- Handle all paperwork and closing procedures
Any of these steps could potentially be performed solely by the owner, but the selling process can easily become time-intensive and error-prone. When debating whether or not to hire a realtor or sell a home yourself, consider whether or not you could handle all the paperwork and how much your time is worth to you.
Marketing Methods and Tools
Because of their position and experience, most real estate agents have a number of marketing methods and tools available to them, many of which are subscription based methods reserved for professionals who pay high rates for their use. Their goal is to sell your home as quickly as possible for the best price. Some advertising options include an open house, paper advertising handouts, and online listings. Many realtors are valued for their access to the Multiple Listing Service (MLS), an online real estate listing website.
For those hoping to sell their homes without a real estate attorney, your options are just as extensive. Even if you don’t have previous experience, there are a number of online resources designed to help you prepare and properly list your home. FSBO homes can even be listed on the MLS website, though you’ll likely need to pay a small fee. Your success is highly dependent on how much work you’re willing to put into the process of marketing your home.
Comprehensive Transaction Services Nationwide
Eastern Title & Settlement Services offers a comprehensive range of services designed to streamline residential and commercial real estate transactions, land titles, purchase agreements and more. If you’re looking to sell your home FSBO, we can help you find buyers or sellers without the usual real estate agent costs. Contact us today for more information.