Selling Your House with a Realtor vs. Privately
Before I was a real estate agent, I bought a few properties myself, all with the help of my real estate agent. For the most important investments of my life to that point, I figured an agent was a necessity! Since joining the profession, I’ve come to learn that more than a few deliberate between using an agent or not to sell their home. Some facts:
- Less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves.
- 90% of all potential Buyers of your property are already using a real estate agent
- the Multiple Listing Service (MLS) is used by the vast majority of out of town Buyers to find properties that match their needs; bear in mind Windsor has the third highest per capita immigration rate in Canada.
- 80% of real estate sold through an agent sells higher than houses sold privately.
- Investment properties are going to get seasoned investors enquiring, not naïve 1st time buyers. You need a strong negotiator in between the two parties.
- A Buyer comes into your home looking for reasons NOT to buy the property. They won’t cite their concerns to the seller out of politeness, but they will freely to their real estate agent. This gives a chance to have these concerns quelled, and an offer presented.
- It is extremely rare for a Buyer’s agent to bring his clients to a private deal. These agents also have listings, and their listing clients would kill the agent for trying to sell a private deal and not their own home!
- You don’t have to pay for any advertising.
- You don’t have to do the open houses.
- This is an important one. If you’ve accommodated for the sales agent’s commission in your “bottom line” price, then it’s really not you paying the commission.
- Financing knowledge is crucial. Myself, I have 18 different financing techniques at my fingertips, and you’d be surprised how often this knowledge is required to complete a deal. Call me for financing options at 519-250-8800.
- Knowing which professionals to deal with. Who’s a competent lawyer? Is that particular building inspector going to do an in depth 2 hour inspection of the house, or 20 minutes? Should I go with a bank or a mortgage broker?
- People feel much more secure dealing with a realtor. A realtor, unlike a private seller, is legally responsible for his actions. Without a realtor, a buyer is concerned about getting taken by a sneaky seller – there is no legal recourse for a buyer in a private deal!
I hope this helps. I don’t think many people realize the amount of work involved in selling a house. An agent is compensated for a lot of hard work, personal expense in advertising your home for sale, and the wealth of knowledge they bring to the table (e.g. available Buyers, financing options, what price to list your property at etc. etc. etc.)
To buy or sell a home, give us a call. We have a team ready and waiting to help you! Ontario RCI Team 519-250-8800. info@ontariorci.com
About the Author
OntarioRCI is a team of professional realtors who are investors also and have an in depth knowledge of real estate investment, marketing and land lording. Fixing and flipping good investment properties pays you much. Through these profits you get financial stability and diversify your portfolio. Our ability to identify quick fix and flip will enable you to gain maximum. Let’s help you by adding value to your business. OntarioRCI is the best one in fix and flip deals in Windsor ON. Contact Ontariorci at 519-250-8800 for more information on POS properties in Windsor-Essex County.
Toronto Lawyer Michael Carabash – Ontario Reports Parody
