Background: According to the 2013 National Association of Realtors® survey of home buyers and sellers for sale by owner (FSBO) sellers made up 9% of home sellers. Of the sellers who went it alone without the assistance of a real estate agent 40% already knew their eventual buyer. According to the survey the main reason for going it alone was (no surprise) the savings achieved by not paying a real estate agent professional fee. But according to the survey the average selling price for a FSBO was $184,000 while those selling with an agent received $230,00. (Source:NAR)
First of all, regardless of the method used to sell your home, there is a maximum price that can be received. It is called the market price.
And, if you choose to sell your Viera, Florida home without the assistance of a real estate agent, what is the best possible price you will receive? Ideally, the market price.
But achieving the market price assumes pricing competitively, marketing effectively and presenting it in its most favorable light.
Unless a prospective buyer lacks market knowledge or just doesn't care, the best price any seller will ever get for their home is the market price.
And if it is a for sale by owner, even the most inexperienced buyer, will likely want a discount because no real estate agent has to be paid.
So the benefit of going it alone is?
If you are considering selling your Viera or Rockledge, Florida home as a "For Sale By Owner" give me a call at 321-693-3850. Lets talk about the market price and the real cost/benefit of using a real estate broker.