The Myths of selling BY Owner

After many fail to sell a home on their own, eventually they decide to pay a 5 or 6% commission in order to get the job done right.

Will you pocket More Money Selling on Your Own? 

Most For Sale By Owners sites say you can save the commission by selling on your own.

From a Wall Street Journal article:

“The broker, John James, said he told Mr. Wayne the apartment in the West End building on West 17th Street near Seventh Avenue was priced too low and wasn’t drawing the right buyers.

By May, it went into contract, he said, after attracting multiple offers. It closed in the last few days for $150,000 more than the original asking price.”

Can the Internet Alone Can Sell Your Home

Many have thought that with the introduction of home searches on the internet, that hiring an agent is no longer a necessity. What happened to the FSBO guru when he attempted to only depend on the internet?

From another Wall Street Journal article:

“Looking to move his family to the suburbs, [Mr. Wayne] said he carefully staged his apartment for sale himself, and put it on the market. But after using a mix of websites to publicize his apartment, he said he had only ‘middling success’ and switched to a broker because many buyers were so reliant on brokers.”

The End Result

There is a primary reason the real estate industry, and Realtors, have been around for centuries. They perform valuable services.

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