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Selling a house can be a stressful situation.
A realtor can be invaluable inselling a house, but some people prefer to go it alone.
These are the top five reasons people choose to sell without an agent.
However, some sellers shared they turned down what was their best offer while trying to sell their home.
Interestingly, Clever also reports that 80% of people didnt know the average commission.
Thetypical commission realtorscharge 5-6% and it can take a painful bite out of sale proceeds.
Clever states that commission amounts to over $12,000 in lost earnings when hiring an agent.
That seems stark, but it pays for itself in most instances.
The median time for a house to be on the market was 55 daysas of September 2024.
People opting for FSBO want to reduce that eight-week lag time.
However, sale time is highly dependent on a variety of factors and doesnt include realtor expertise.
In fact, Clever reported, 50% of unrepresented sellers say they felt overwhelmed when selling their home.
This can result in losses of tens of thousands of dollars.
That is why 28% of respondents chose to sell a home themselves instead of making upgrades.
Bad is relative, but a fresh view can keep prospective buyers from providing a competitive offer.
If you could stomach the cost, a realtor could help make that bad house look better.
Others reported their agent botched the sale or were just in it for the money.
Of the respondents, 35% said an agent totally failed them.
Is it a Good Idea to Go Without a Realtor for Your House Sale?
Selling a house is a major decision.
Its likely your largest investment and its understandable to want to reduce expenses with the sale.
Choosing FSBO does put you in control, but it comes at a cost.
Realtors often bring market expertise and know what buyers want.
This insight can result in better offers and more work off your plate.
Worse yet, many who pick the non-traditional route often make legal mistakes that can cost them money.
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