Homes For Sale
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Homes for sale by owner are actually defined as properties sold without the assistance of real estate agent. These homes are then sold without hiring the seller's agent as intermediary since the owner thinks that real estate agents do not have their best interest in mind. Other homeowners who are selling their properties without professional help can do so as they like to avoid paying commissions to the agent. This is otherwise deemed as strong driving force behind the decision of selling a property without the help of realtors. Learn more about guam rentals, go here.
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Generally speaking, homes for sale by the owner are not found on Multiple Listing Services or MLS, which are what used by real estate agents. Even if an FSBO property makes it to multiple listings, the buyer's agents are typically unwilling to make negotiations with the property owner. Due to this, those who are interested in buying FSBO are then forced not just to get a buyer's real estate agent for sake of negotiations.
Below are some of the benefits and drawbacks of trying to sell a house without the assistance of a real estate agent. You might want to take a look of it so you will come up with good decisions as to what you really want to do.
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Number 1. Commission
The best benefit of having to sell a house without getting a real estate agent is that, homeowners will be able to get rid of paying for a commission to the seller's realtor. Generally, commissions are ranging from 5 to 6 percent of selling price of the house. Because commission is a portion of sales price, the agent of the seller will try their best to gain the highest price possible on the property sold. For this, the commission that is paid to the seller's agent is otherwise known as double-edge sword which ensures that the property is sold for the highest price so as to ensure a big commission for the agent, which is at the owner's expense. Find out for further details on guam mls right here.
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Number 2. Information and Advertising
Back then, it's hard for people to try to sell their house without getting a real estate agent as there were just limited number of sites catered to FSBO market. These days, it is feasible to get listed in MLS for flat fee. Listing services will not just provide you a platform to market but it'll help people to have access on various kinds of services in exchange of a small price. Aside from questions regarding title insurance, paperwork, closings and several other legalities can be entertained by professionals who have unlimited access to group of professional real estate agents. Take a look at this link https://en.wikipedia.org/wiki/Real_estate for more information.