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Selling By Owner In Oro Valley-Is It Worth It? Some Sellers will call and interview agents who specialize in their neighborhood and then select one to provide them with PROFESSIONAL HELP to sell their home. Other Sellers will try to save money by selling BY OWNER. It is generally recognized that a potential Buyer negotiating to buy a For Sale By Owner property will understand that the Seller is not paying a commission and will then offer a price lower than the asking price by approximately 6%, due to the fact that the Seller is not paying an agent that fee. It is also generally recognized that by employing a Realtor to sell the home will realize the Seller A HIGHER PRICE THAN BY SELLING BY OWNER. National statistics say that 90% of Sellers who try to sell By Owner finish up listing the property eventually.
WHY PAY A COMMISSION?
Outlined below are some reasons why most Sellers prefer to employ a professional Real Estate Agent to sell their home.
1. The agent pays all the advertising costs, which can be very large. If the home does not sell, the Seller does not have to pay a commission.
2. Agents have wide experience in marketing and promoting your home.
Selling a home doesn''t just involve placing an ad in the newspaper and putting a sign up. These days with 75% of Buyers using the Internet to find homes, Selling is a very complex procedure. Virtual Reality, Virtual Agent, E Mail, Web Sites, Contact Management and more are all being used along with the traditional newspaper, magazines, flyers and Open Houses to promote the home.
3. Good agents only work with qualified Buyers. Many homes offered By Owner attract unqualified Buyers or Buyers with a string of "contingencies" they carry around. Traditionally 50% of homes deals sold By Owner fall apart due to unqualified Buyers. Just imagine the time wasted on this situation.
4. Agents understand financing and negotiating. Sometimes the price accepted on a home is not the most important factor. Terms of the deal and occupancy requirements can be most important. I have seen deals fall through because of possession timetables when the price was just fine.
5. Pricing the home right. Sellers can get information out of the tax records or the newspaper when deciding what price to put on their home, but Realtors have access to far more detailed information. It seems quite common that homes advertised By Owner are priced way above the current marketplace, and this is one reason why they do not sell. A good Realtor will be able to price the home right.
6. Realtors have access to the Multiple Listing Service to market your home. This is by far the most effective way of promoting the home to the other Realtors with the qualified Buyers.
7. Realtors handle the details. The sales contract is now over 15 pages long and what with all the addendums and disclosures, a full Sales Contract may have over 30 pages in all. This is not a case of using Office Supply Company paperwork and finding a Title Company.
8. Realtors save you time. Instead of holding numerous Open Houses every weekend, you can be out enjoying yourself and let the Realtor do all the work.
9. Without intending to scare potential By Owner Sellers, there are security concerns as to who is coming through your home. When a home is listed by a Realtor, access to that home is regulated and monitored. When the home is advertised By Owner, strong security measures must be implemented. A call to your local police station may be helpful for advise.
10. Real Estate Agents handle all the legal details in a contract and have the necessary Company back up support if problems arise during the transaction. The last thing that a Seller would want is to sell their home and then 6 months later have a letter from a lawyer arrive on their doorstep regarding the new disgruntled Buyer. By employing an agent, you have somewhere to turn if problems arise during or after the sale of the home.
Selling a home is a very complicated procedure. Maybe you should consider using a PROFESSIONAL.
Send me your comments to iandwight@orovalleyrealestate.com
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Oro Valley Arizona AZ Homes and Real Estate For Sale
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Oro Valley Arizona Homes and Real Estate For Sale-Fast and Easy Home Searches, Free Property Values, Virtual Home Tours, Saved Home Searches, Relocation Information. Let Ian and Dwight Taylor, Oro Valley Arizona Realtors, help you with your Oro Valley Arizona Real Estate needs. Residents of Oro Valley Arizona since 1988, Our specialty is the Sale of Homes and Real Estate in Upscale Oro Valley Arizona and Rapidly Expanding Northwest Tucson Arizona. Aggressive and Honest, We Listen. Whether Buying or Selling You have Our Personal Guarantee that we will work 24/7 to "Get The Job Done". Ian and Dwight Taylor, Top Selling Real Estate Agents Oro Valley Arizona and NW Tucson Arizona since 1988.
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