The Blog

Real Estate Sales – FSBO or Professional

February 19, 2019 Real Estate Reports, Uncategorized

 The short answer is yes!

When preparing to sell your home, the thought of listing the home yourself (FSBO) may appeal to you.  The thought of not paying a commission is usually right on top of the list!  However, there are several reasons why that may be a bad idea and I have listed them below:

  • Realtors are trained professionals.  To become a licensed Realtor, one must complete a pre-license education routine consisting of 63 classroom hours and followed up by taking (and passing) the Florida Real Estate Agent Exam.  Once your license is obtained, you then need to complete the post-license course which consists of 45 classroom hours.  To maintain a current/active license, an agent must complete 14 classroom hours every two years which consists of 3 Hours of Florida Core Law, 3 Hours of Real Estate and Business Ethics and 8 Hours of Specialty Areas.
  • Realtors have tools that allow them to price your home correctly as consistent with the current market rates.  This may lead to a faster sale and may also put more money in the Seller’s pocket.  If the property is priced to high, the showings will be limited and the property may sit on the market much longer that it should.  If the property is priced to low, the Seller may lose money.
  • Realtors know the area and are familiar with current regulations, zoning laws, building permit process and licensing rules and regulations.
  • Realtors also have Buyers that are waiting for a specific property to come on the market.  They will be able to get Buyers looking at your property the moment it is listed.
  • Realtors, or their team, have become marketing experts.  They will list your home and use different internet marketing tools (Facebook & Twitter) to get your property maximum exposure.  They can also promote open houses for a great turn-out.
  • Most Buyer’s today prefer to use an agent of their own and sometimes these agents may avoid FSBO properties because when it comes to negotiating the contract, they prefer to work with other Realtors.
  •  The closing process can be a difficult and sometimes confusing experience.  A Realtor can help guide you through this process by scheduling inspections and appraisals and directing you to a closing agent.  Most often the Realtor will go to these appointments also so you don’t have to.

Selling your property in today’s market can be quite challenging to do by yourself but let us help you.  Key Colony Beach Realty, Inc. has been Listing and Selling property in the Florida Keys since the 1980’s and we look forward to the opportunity to assist you.