In a Hot Real Estate Market, Do You Need to Hire a Realtor?

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The real estate market has experienced a lengthy run of multiple offers and selling prices well over asking. Is it necessary to hire a real estate agent or sell your home yourself in these hot market conditions?

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It is one of the more difficult decisions facing homeowners right now. Should they hire a realtor or do a For Sale By Owner (FSBO)? There are a few factors to consider, but in the end, it all boils down to two things: time and money.

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Listing a Home is Time Consuming

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You Could Leave Money on the Table by Selling Your Own Home

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Exposure to Legal Issues

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The Failure Rate is High

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Real estate agents are trained professionals at handling these situations, whereas FSBOs do not have the training or experience.

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In a Hot Real Estate Market, Do You Need to Hire a Realtor?

The real estate market has experienced a lengthy run of multiple offers and selling prices well over asking. Is it necessary to hire a real estate agent or sell your home yourself in these hot market conditions?

It is one of the more difficult decisions facing homeowners right now. Should they hire a realtor or do a For Sale By Owner (FSBO)? There are a few factors to consider, but in the end, it all boils down to two things: time and money.

Listing a Home is Time Consuming

Homeowners tend to put so much consideration into avoiding paying realtor fees by doing an FSBO and fail to realize they need to have the time to do everything that comes with selling a home yourself.

You Could Leave Money on the Table by Selling Your Own Home

FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $260,000 last year, signiﬁcantly lower than the median of agent-assisted homes at $318,000 as reported in the NAR 2021 Report.

Exposure to Legal Issues

One of the most important things that can happen when you do an FSBO is that you do not have access to legal advice like many do with an agent. This can result in missed deadlines, wrong disclosures, not knowing how to price your home correctly, to name a few.

The Failure Rate is High

According to Zillow, 36% of sellers want to sell their home themselves, but that number gets reduced to under 10% because of the difficulty in doing so.

Real estate agents are trained professionals at handling these situations, whereas FSBOs do not have the training or experience.

Negotiating is a Skill

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