Key Takeaways:
- Even in a seller’s market, working with real estate professionals to sell your home is more profitable than listing your home as “For Sale By Owner.”
- The higher profits earned when selling your home through a Realtor outweigh the minimal commissions or fees you must pay.
- Contact Linda Craft & Team, or call us at 919-235-0007, to get the guidance you need to strategically list your home.
Here’s Why FSBO Is Still a No
Although today’s seller’s market may tempt current owners to list their homes as “For Sale By Owner” (FSBO), it is still more beneficial to work with a top real estate professional in the Triangle area. Even though buyers are more eager than usual to purchase a home right now, sellers should list their homes strategically to maximize their profits and equity.
Working with real estate professionals means higher profits
According to the Profile of Home Buyers and Sellers published by the National Association of Realtors, 41% of homeowners who listed their homes as FSBO did so to avoid paying commissions or fees. However, even in a seller’s market, working with an agent and paying minimal fees will earn you higher profits than selling on your own.
Additionally, if you list your home yourself, you most likely will use an automatic estimator to price your home. These automatic estimators are not accurate in determining your home’s true value. With more than 350 years of combined team experience in the Triangle real estate area, Linda Craft & Team have the knowledge necessary to calculate how much your home could sell for in today’s competitive market.
The numbers speak for themselves
A NAR report on the median selling price of homes in 2020 concluded that listing with an agent could earn you tens of thousands of dollars more than selling your home as FSBO. According to the report, FSBO homes sold at a median price of $217,900 in 2020, which was lower than the median selling price of all homes at $242,300 and significantly lower than the typical sale price for agent-assisted homes at $295,000.
When you list your home as FSBO, your home’s prospective buyers are often limited to the circle of people you know personally. As shown in the NAR report, when the seller knew the buyer, the median selling price of FSBOs was even more below average at $176,700. As the most widely known real estate team in the Triangle, Linda Craft & Team has more buyers than any other agent. This means that by selling your home with us, you will open up your home to a large network of prospective buyers who are willing to pay top dollar.
Real estate expertise is invaluable
Although sellers do have several perks in today’s housing market, their biggest advantage will always be the expertise provided by real estate professionals. Real estate agents are experienced negotiators who are intimately familiar with specific areas and neighborhood trends. Ultimately, the guidance you receive from real estate professionals—not to mention the additional profits—outweighs the commissions or fees you pay to work with them.
Ready to List Your Home With Linda Craft & Team?
Working with the real estate professionals at Linda Craft & Team ensures that you sell your home at top dollar. Take the stress off your shoulders and give our experts a call at 919-235-0007 to take the next step toward selling your home—we can’t wait to help!