When the time comes to sell a house, you will need to decide whether to hire a real estate agent or sell it yourself as For Sale by Owner (FSBO). Both of these options offer different advantages and disadvantages. Compare each option below to determine which is right for you. 

FSBO

When selling a home yourself, you don't need to pay a commission to an agent. However, you will still be required to pay a commission for the buyer's real estate agent, as the seller is responsible for this fee. 

Because you don't have an agent, you will not have access to an MLS (multiple listing service). This system is essential to getting new listings exposed to buyers. You will need to pay to market the home, or an agent may accept a small fee to place the home on the local MLS. This means you may be able to get many qualified buyers to book separate viewings, which could lead to offers. 

Hiring a Real Estate Agent

Real estate agents have access to marketing tools, a network of industry connections such as buyers and other agents, and know how to negotiate sales. This is why homes sold by agents sell for a much higher price than FSBO properties. A report by the National Association of Realtors® (NAR) found that the average agent-assisted sale in the U.S. was $250,000 compared to the average $190,000 FSBO. When the FBSO seller knew the buyer personally, this average sale price went down to $160,300. 

Additionally, agents know the extensive legal aspects of the sale, including closings. They stage the home, market it to qualifying buyers, negotiate the sale, handle all paperwork, and work with the buyer's agent to remove contingencies and close the sale. 

There's no better professional to represent you in the sale of your home than The Justice Group in Oak Ridge, NC. These real estate agents have more than 18 years of experience handling transactions in the area, making the sale process simple. They represent your best interests every step of the way, ensuring that the closing costs are fair. Learn more about their services on their website and call (336) 324-5716 to discuss your needs with an agent.