551. Real Estate Agent vs Real Estate by Owner in Fort Lauderdale FL: What You Need to Know

We specialize in buying houses in Fort Lauderdale, Florida. However, is using a real estate agent the best option for you? Keep reading to find out about the pros and cons of selling your home through a realtor versus selling it on your own. As local home buyers in Fort Lauderdale, FL, we are ready to offer you cash for your house.

Real Estate for Sale by Owner:

When a homeowner sells their house by themselves, without the assistance of a real estate agent, it is called for sale by owner (FSBO). As the seller, you will be responsible for setting the price, preparing the house for sale, completing the necessary paperwork, and negotiating with potential buyers.

Benefits:

One of the biggest advantages of selling your home by owner is that you save the 6% listing agent commission, which could mean thousands of dollars in your pocket at the end of the sale. Additionally, you have complete control over the listing price and scheduling of showings and open houses. There are many online sites that cater to for sale by owner listings and help you with the necessary logistics and paperwork to sell your home.

As the seller, you are motivated to get the highest possible price for your home. You will likely do everything in your power to stage the home, promote it, and make sure it looks its best. You may even be willing to explore unconventional ways of finding buyers.

Difficulties:

Setting aside emotions to think logically can be a tough task. It can also be challenging to be objective when receiving feedback from potential buyers. Negotiating the home’s price can be difficult since it holds sentimental value and represents all the hard work put in.

The paperwork can be overwhelming, and scheduling showings and open houses can be stressful without an expert to assist you. Unfortunately, you may end up with less money in your pocket despite saving the commission. In 2017, the typical FSBO (For Sale By Owner) home sold for $190,000, while homes sold through an agent fetched $249,000 on average.

Benefits of Hiring a Real Estate Agent:

Real estate agents are knowledgeable about fair market value and can provide you with comparable homes in the area to help you make an informed pricing strategy. They also have contacts for home stagers and photographers who can make your home stand out and look its best.

Realtors are skilled at negotiating professionally and can guide you in the right counteroffers to get the most money for your home. In addition, they will take care of all the paperwork required in the real estate transaction. This benefit cannot be overstated as there is a lot of legal jargon in real estate paperwork, and it needs to be accurate.

One of the primary benefits of working with a real estate agent is that other agents are more likely to show your property to their clients. With a FSBO (For Sale By Owner), there is no guaranteed commission for the buyer’s agents, so they are less likely to show your home to their clients. However, note that you can offer a 3% commission to the buyer’s agent to incentivize them to bring their clients to see your home.

Bottom Line on Real Estate by Owner vs Real Estate Agent:

We hope this post has helped you weigh the pros and cons of selling your home by yourself and with the help of a real estate agent.

If you’re leaning towards selling your real estate by owner, check out these 4 things you need to know.

Sell My House in Fort Lauderdale FL

If you need to sell your home quickly in Florida, then 123SoldCash.com may be able to help. We are local homebuyers in Fort Lauderdale, FL, and we specialize in making the home selling process quick and hassle-free for local homeowners. If your Fort Lauderdale home qualifies, we can offer you a fair and prompt cash payment for your property.

For more information or if you have any questions, please don’t hesitate to call us at (786) 904-1444, or fill out our online form, and we’ll get back to you as soon as possible.

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