Pros and Cons of Listing As ‘For Sale By Owner’

Halo Group Real Estate Advisors Blog

Are you considering listing your house as for sale by owner? Listing a property on the market can be daunting, especially if you handle it solo, but each method has pros and cons. In this article, we’ll explore the process of selling your house without a realtor. Upon reading this, we are sure that you’ll be able to make an informed decision about whether or not to sell your house on your own.

Benefits of Selling By Yourself

There are a few things that you should consider if you are looking to sell your home in Denver without a real estate agent. Let’s take a look at some of the potential benefits.

I. No Commissions

This is probably the biggest advantage of selling your house on your own and why many choose to. When you use a real estate agent, they typically charge a commission that makes up a percentage of the final sale price. Depending on the agent, this can range from 5% to 7%. So, if you were to sell your house for $200,000, that could mean paying the agent a commission of $10,000 or more. Of course, you will still need to pay for things like marketing and advertising, but you will be able to keep more of the final sale price in your pocket.

II. You Control The Process

When you sell your house on your own, you completely control the process. You can decide when to show the house, how to show it, and how much information you want to give to potential buyers. If you use a real estate agent, they will often be calling the shots and making decisions. However, these decisions can impact the price you’ll get for the property.

Benefits of Using a Realtor

While there are some advantages to selling your house on your own, there are also some key benefits to using a real estate agent. Let’s take a look at a few of these.

I. Industry Experience

This is probably the biggest benefit of using a real estate agent. They have experience in marketing and selling homes, so they will know how to show your house in its best light. They will also be able to answer any questions potential buyers might have about the property. In uncertain markets, having expertise is critical.

II. All Paperwork is Handled

Another big benefit of using a real estate agent is that they can take care of all the paperwork involved in the sale. This includes the sales contract, disclosures, and other legal documents. This can be a big relief for people considering selling their house on their own, as it can be a lot of work to keep track of all the paperwork and ensure it is filled and filed correctly.

III. High Quality Marketing

If you sell your house independently, you will be responsible for marketing the property and taking photos. This marketing usually includes creating a listing, posting signs, and doing open houses. It can be a lot of work to market your house effectively, so it is often worth using a real estate agent who can take care of this for you. You must also set aside extra money to fund these efforts out of pocket.

IV. Access to Realtors Networks & The MLS

Another benefit of using a real estate agent is that they usually have a network of potential buyers. They’ll also have access to the MLS. This can be helpful if you are having trouble finding buyers on your own. Your agent will also likely have a good relationship with other agents in the area, so they can also market your house to their clients.

V. Selling for The Highest Price

One of the most important things in selling a house is pricing it correctly. You could struggle to attract interested buyers if you ask for too high a price. On the other hand, if you price your house too low, you could leave money on the table. A real estate agent can help you price your house correctly so it will sell quickly for the best possible price. Because real estate agents have experience marketing and selling homes, they will likely get a higher sales price for your home.

For Sale By Owner - Is It Worth It?

While many people choose to sell their homes themselves, the benefits of using a real estate agent definitely outweigh those of doing it yourself. Realtors are experts at what they do, so if you are looking for a smooth sales process and to get the right price for your home, it’s best to bring the professionals in. 

If you are looking for a real estate agent in Denver, look no further than Halo Group. Our trained professionals are the very best at what they do. If you want to sell your home and get the right price, contact us today.