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Thinking FSBO? Think again. Agents save the public thousands each year.
For Sale by Owner (FSBO) is a risky proposition for the vast majority of homeowners. Sure, marketing and home repair are two items a seller could certainly be qualified to take on themselves. Here's a little known fact if you are considering selling your home yourself: In Washington State, real estate agents save the public hundreds of thousands, if not millions, of dollars each year over attorneys fees alone.
Real estate agents are specially trained to help limit and alleviate many risks involved with the purchase and sales process. These risks can and often do lead to costly and complicated law suits and legal battles if not properly averted.
Real estate agents are also covered by errors and ommissions insurance in the event something does go wrong. Let's face it, we don't live in a perfect world. If a buyer or seller had to go out of pocket for errors and ommissions, they could easily meet with financial ruin. In this case the real estate agent offers invaluable security.
Real estate agents are specially trained to work with multiple listings service purchase and sale contracts, which are currently being standardized statewide in Washington. We agents spend countless hours on legal updates and best practices so we can confidently guide buyers and sellers through the purchase and sales process, error free.
Regardless of a home's FSBO status, if it's listed on the MLS, more often than not a seller will be dealing with a skilled, savvy and seasoned buyer's/selling agent, which may limit the unrepresented seller in the negotiations process. This could cost them way more than they save by not having a conventional listing agent in the first place.
Before you consider selling your home by owner, do carefully consider the value a qualified agent can provide you. There's a reason why more than 80% of FSBOs eventually convert to conventional listings. Think again before you devalue the intrinsic value of the single real estate agent. He/she is the fool who represents themselves ...
Your success is my business,
Brad Davis
