Among the questions that may be lying in the minds of those homeowners about going through the process of already getting interested in selling a particular property is whether they need to place it on the FSBO sphere or they highly need the services of a real estate agent.
What Is FSBO?
SBO is the sale of your home without an agent. As a homeowner, you will do it all: decide on the price of the property, market it, negotiate with buyers and deal with paperwork. FSBO may be taken from other sellers and is done to reduce commission costs, but it comes with more responsibilities.
What is a Real Estate Agent?
A real estate agent is a professional agent who acts on behalf of the owner of the house to sell the home. They also advertise the house, organise viewings, bargain on the buyers behalf and do all the legal documentation. As compensation, they normally demand a commission rate of 56 per cent of the selling price of a house.
If you’re interested in buying, explore our most liked homes in Las Vegas.
Pros and Cons of FSBO
Pros:
- Save thousands in real estate agent commission.
- The ability to have full control over the sales process
- Contact with buyers.
Cons:
- Takes time, energy and must involve negotiation.
- It will have limited exposure than MLS listings.
- It puts the company at higher risk of under- or overpricing or even legal problems.
Pros and Cons of Hiring a Real Estate Agent
Pros:
- Professional marketing, increased publicity.
- Knowledge about pricing, bargaining and documentation.
- Improved sales and additional selling price.
Cons:
- The commission fees will cut down on your profit.
- Less control of the process
- Have to put your home sale in the hands of someone you do not know.
Helpful reading for House Buying & Selling in Las Vegas
- What Is an ADU?
- Las Vegas Housing Market Trends
- Las Vegas Home Staging
- Las Vegas Public Transit
- Should You Find an Agent or Lender First?
- What Percentage Do Real Estate Agents Make?
- How To Find A Broker As A Real Estate Agent
- What Is A Real Estate Broker vs Agent?
- What Is a Government Home Loan?
- Home Equity Line Credit HELOC
Which Option Is Right for You?
FSBO could be cost-effective in case you feel sure in your marketing, negotiating and legal documentation skills. Nonetheless, a real estate agent is a smarter choice in case you want more professional guidance, reach further, and less stress.
Final Thoughts
Whether to FSBO or seek the help of a realtor boils down to a calculation of price and convenience. Although FSBO is a cost-saving option, an agent will grant you knowledge and comfort. Make sure you think through your priorities in deciding what approach is best in the sale of your home.
Richard Slezak, Las Vegas Realtor®
Agent License: S.0201790
Call: (702) 688-3508
MAIL: richardslezak@gmail.com
Address: 2298 W Horizon Ridge Pkwy #114, Henderson, NV 89052, USA
