As you prepare to sell your home, you are immediately faced with dozens of important decisions, starting with whether or not you should hire a real estate agent. Faced with the cost of large commissions (5-6% of the transaction) charged by “traditional” agents, more home sellers are choosing to try and sell their homes by themselves. While over 36% of sellers attempt selling their homes without the aid of an agent through the For Sale by Owner (FSBO) process, only around 11% will succeed (source: Zillow). That means more than two out of three are unsuccessful with FSBO. This is drop is often due to lack of knowledge and experience, which can overwhelm sellers and cause them to abandon it altogether.
This is not to say that working with a traditional real estate agent is necessarily always the right decision either. While seller agents are quick to claim that they deserve to earn 3% of your hard-earned equity, nationally, agents have an approval rating that is on par with used car salesmen and Congress, which is likely a reflection of the high cost and low value delivered. If you have never sold a home before, just ask a family member or friend about how they felt about paying full commission on their sale.
FSBO yields low results and paying 6% to an agent doesn’t get most home sellers enough value. Discounted alternatives have become more and more popular recently but there are many different flavors to choose from and often with many unknowns. With over 1500 successful home sales, Home Bay is the solution that so many home sellers are searching for in their sale. For a low flat fee ($3,000 on average), Home Bay’s operates as a full service real estate brokerage. What sets Home Bay apart from a local agent is the fact that our experienced agents (top 1% of US agents based on home sales) are backed by a platform that allows for a transparent process and additional seller support that is missing with your traditional agent. Imagine scheduling a professional photographer with a click of a button or tracking incoming offers online.
See the full comparison between FSBO vs. traditional agents and why Home Bay is your best option for a successful home sale that saves you the most money in our latest infographic.
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