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Ask Elaine: For Sale By Owner
Dear Elaine, I have had my house on the market for over 6 months now. I have only had a handful of showings since I listed it in the fall. I wanted to try and sell it myself, to save on commission. It really seems that I will need to use the professional services of a Realtor. Can you tell why Realtors are able to sell the homes they list more quickly than for sale by owners? What is my benefit of hiring a Realtor over trying to sell the home myself? Thanks, Heather, Newport News, Virginia Dear Heather, I know that you are not alone in your assumptions. Many homeowners believe they can list their own home and save money on commission. They do not realize how much is involved in a real estate transaction. Not only is selling a home time consuming, but consultation and coordination with professionals at every level is necessary. There are many legal loopholes that leave you vulnerable as a seller. You need the expertise of a Realtor to help you avoid these issues. Also, A staggering 80% of home sales are done through a Multiple Listing Service. Realtors have access to this. Sellers may have as much as several thousand members depending on the area or residence. An MLS listing is the most effective way to bring in qualified potential buyers. Please remember, attendance at a seminar or reading information online does not make you an expert on home selling. For additional information, please visit my website to read my article entitled "Debunking the Myth of More Net Gain with For Sale by Owner".
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Contributor's Note
As a Top Producer in Real Estate, I write articles which are used by other REALTORS and for teaching in the real estate market. I have also been interviewed by serveral radio shows and national magazines.
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Esates In Virginia
     
History Proves You Should Use an Agent
For Sale By Owner Sign Looks Bad
Pay Attention FSBOS
Cost Is Higher
REGRETS ABOUND
I SHOULD HAVE USED A REALTOR
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