Dave Ramsey is a financial author, radio host, television personality, and motivational speaker. He has worked in the real estate business for many years in . He gives financial advisor that counsels folks hurting from the results of financial stress to help them avoid the mistakes he himself has made.
Q: What are the advantages of using a real estate agent versus going the for-sale-by-owner route when it comes to selling a home?
A: I've had a real estate license for 30 years. If I were to put my personal residence on the market today, I'd use an active real estate agent who really knows his or her stuff in the marketplace. I'd gladly pay them their commission, too.
Now, why would I do that if I could just sell it myself and save the commission cost? For starters, if I do a for-sale-by-owner. I'm only getting my place in front of buyers I can attract from seeing a newspaper ad, Craigslist and anyone who happens to drive by the house. If I go with a high-octane real estate agent, I'll have the advantage of being exposed to their entire pool of buyers. More importantly, I'll be in the MLS, or Multiple Listing Service, database. There, you'll immediately have thousands of potential buyers. So, who do you think will have the best chance of selling my house? Market exposure is everything in the real estate game!
And think about this: Even if you went the or-sale-by-owner route, every time you moved, you might do three or four of these transactions in a lifetime. A good agent closed three or four deals last week! They'll know all the ins and outs of buying and selling a home, and they'll walk you through every step of the process. Research has shown that between basic mistakes, pricing errors and lack of negotiation skills, you'll cost yourself more than the agent's commission by trying to sell it yourself.
Trust me, you'll get a much better deal - with a lot less hassle - by using a top-flight real estate agent!
Dave Ramsey: Real estate agent or for-sale-by-owner?
For more information on selling your home with an experienced realtor team contact the Andrea Crossman Group.