Why FSBO Sellers Should Hire a Real Estate Agent

Selling a home without a real estate agent might seem like a good idea for homeowners. They may think that not having to pay a commission will give them a higher return on their Orlando holiday homes.

But homes that are for sale by owner (FSBO) can result in a lower selling price than those sold with the help of a realtor. Understanding why FSBO sellers should hire a realtor will help you increase your home’s selling price and profitability. 

Hiring a Realtor Can Mean More Money in Your Pocket 

In 2016, the National Association of Realtors reported that the average selling price for a home sold through a real estate agent was $245,000. The average selling prices for homes sold by owners was only $185,000 in comparison. 

FSBO homes often have selling prices that don’t reflect their true market value. But a professional realtor has accurate knowledge of the market, which helps homeowners determine the right price to give you a healthy profit. 

Underpricing your home causes you to lose money. Overpricing it may keep it from selling, causing it to stay on the market for too long, which lowers its perceived value among potential buyers. 

A Realtor Makes the Selling Process Easier for Homeowners 

FSBO homes require owners to handle the advertising, showings, and negotiations needed to sell their homes, increasing the likelihood of costly mistakes. 

FSBO sellers use social media and other online channels to spread the word about their homes. But they don’t get the same exposure and visibility they’d have with a professional real estate listing. 

Realtors have listing services they use and industry networks that help them sell and buy homes quickly. They handle your home’s showings so that you don’t have to deal with scheduling and other hassles. 

For instance, in addition to social media and digital advertising, Team Donovan emails information on your home’s real estate listing to the other homeowners in your community, as well as our subscribers, and other potential buyers from third party sites, with your listing details to attract interest in your home. Your listing will also be exclusively visible to potential buyers from around the world due to our partnership with an International Agents network. 

Getting Your Home’s Sale Right with a Real Estate Agent 

Contracts and other paperwork require an understanding of real estate laws. Many sellers of Orlando vacation homes live outside of the U.S., which presents its own unique challenges such as currency transfers, property management, taxes and more. A realtor skilled in dealing with absentee owners will help prepare the paperwork needed to sell your home while including disclosures that protect you from liability and other legal issues. 

The right realtor helps you market your home and price it competitively. This is especially important for anyone looking to sell their home within a certain period of time. A realtor can also help you improve your home’s curb appeal to attract more buyers willing to pay a higher price. 

Team Donovan helps homeowners buy and sell their Orlando holiday homes to get the most out of their investment. Our mix of European and American-born agents allows us to communicate effectively with clients from around the world. To learn more, contact us today at (407) 705-2616 to schedule a free consultation.

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