Crown Gaithersburg MD | Hiring an Agent to Sell Your House May Cost You NOTHING!

 

As Gaithersburg has developed over the years, many neighborhoods are now blended with one and another without any distinction or personalities.

Not in CROW, the newest and most vibrant community in Gaithersburg MD

Located next to Rio, this new and unique neighborhood is separate in four groups

 

* Downtown Crown

* Crown West

* Crown Central 

* Crown East

 

If you are looking for city-living style with a flair of urban village, The Crown community has everything to offer and more. 

There is even a direct Metro Shuttle between the community and Shady Grove Metro Station to connect you directly with Washington DC and its surroundings,

Today, I would like to talk about Hiring an Agent to Sell Your House May Cost You NOTHING!

 

There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent will provide:

* Greater exposure to more buyers

* The skills of a professional negotiator

* A layer of protection from possible legal liabilities

* Professional guidance in navigating any pitfalls that may arise

* A level of safety while showing the home 

There is no doubt that these services are valuable to any family that decides to sell. The only question is – how valuable? One of the main reasons For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe these services are not worth the fee an agent charges. But, what if those services didn’t cost the seller a penny? 

A study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything and, in some cases, may be costing themselves more by not listing with an agent. 

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added)

 

Why would FSBOs net less money on their own than if they used an agent? 

The study makes several suggestions: 

* “There could be systematic bias on the buyer side as well. FSBO sales might attract more strategic buyers than MLS sales, particularly buyers who rationalize lower-priced bids on with the logic that the seller is “saving” a traditional commission. Such buyers might specifically search for and target sellers who are not getting representational assistance from agents.” In other words, ‘bargain lookers’ might shop FSBOs more often.

* “Experienced agents are experts at ‘staging’ homes for sale” which could bring more money for the home.

* “Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.” If more buyers see a home, the greater the chances are that there could be a bidding war for the property.

 

Three conclusions from the study: 

1.- FSBOs achieve prices significantly lower than those from similar properties sold by Realtors using the MLS.

2.- The differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%.

3.- The sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

 

Bottom Line

If you are thinking of selling, FSBOing may end up costing you money instead of saving you money.

 

Source.. KCM Fernando Herboso Blog

 

If you have any questions about the Crown Plaza, Gaithersburg MD, the schools, amenities or the surrounding community, don’t hesitate to give us a call at 301-246-0001 We will be happy to help you. We specialize in Gaithersburg MD and our agents also live here.

To reach us, please call 301-246-0001

Or send us an email to: info@ReallyNiceHomes.com 

Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 

www.99SOLD.com - Call or text 240-426-5754 for more information.