In today’s Incline Village, NV real estate market, there is a lot of talk about rising interest rates, rising home prices and a lack of inventory. This makes for a hot seller’s market and if you are a seller you may be compelled to do a FSBO, also known as a For Sale By Owner. Most folks that do this do it for one reason only: to save money on commission. However, a successful Incline Village, NV real estate transaction is one that sells quickly for the most money and with minimal stressors. Unless you are a qualified Incline Village, NV realtor, selling your home on your own may not be the best fit. Why? Check out these reasons!
First, let’s talk about exposure. The more exposure your home for sale in Incline Village, NV has, the quicker your home will sell and for the most money too. When you entrust a qualified realtor in Incline Village, NV, your property is being seen on a global level. From the local multiple listing service to sites like Zillow and Realtor.com, your listing is everywhere for potential buyers to see. 94% of buyers are looking for Incline Village, NV real estate online and most realtors have an internet strategy built into their marketing plan. Speaking of internet, that is where the results come from. 51% of buyers found the home they purchased online. 34% found it from their Incline Village, NV realtor and only 9% found it from a yard sign while only 1% bought theirs from a newspaper ad. When you sell on your own, you simply do not have the internet tools at your fingertips that Realtors do.
Now let’s chat about all the people you will be negotiating with. If you thought you would simply be dealing with the buyer and their agent, you thought wrong. Of course, you will be dealing with the buyer (who wants a great deal) and their agent (who is working with the best interest of the buyer in mind) but additionally you will be negotiating with the bank, the inspector, the appraiser and in some cases the buyer’s attorney.
Needless to say, this has made selling Incline Village real estate solo, a very difficult task. If trying to get all that internet exposure and multiple negotiations isn’t enough, let’s talk about the paperwork. The standard purchase and sale agreement has seen a dramatic increase in mandatory disclosures and regulations. One missed signature on this legally binding contract could cost you. In fact, this reason alone has caused For Sale By Owner transactions to drop from 19% to 8% in the last 20 years.
Another reason that FSBO transactions have been drastically reduced is because you make more money when you use an Incline Village, NV real estate agent. Studies have shown that when you use a qualified realtor, you make on average $60,000 more than when you sell your Incline Village, NV real estate on your own. While every real estate transaction is unique and your sale could be more or less than the figure studies have shown, it is worth it to be represented by a real estate expert in Incline Village, NV.
If you have been thinking of listing your home for sale in Incline Village, NV, be sure to sit down with a local market expert and ask what they have to offer. If you have questions, we would be happy to assist in anyway that we can.