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Selling
Own Home Can Cause Costly Errors
Don't Do it Yourself When it
Comes Time to Sell.
By , Chris Sicks, Washington Times (06/23/00)
The fastest and easiest way to sell a
house is through a professional agent. A Realtor will not only
take care of the technicalities involved with selling home,
but he or she will also coach the seller on how to best prepare
the property for buyers. Perhaps
even more important is Realtors' access to the Multiple Listing
Service (MLS), where almost every agent in the area will see
the home. The MLS will give the property the exposure it needs
to attract a buyer in a reasonable amount of time at a favorable
price.
"How can a sign in your yard and some
ads in the newspaper compare with thousands of Realtors seeing
your listing in that database?" asks Realtor David Rathgeber
of McLean, Va. "Expecting buyers to find your house by
driving around looking at signs is simply unrealistic, especially
in today's market."
Even so, the strength of the real estate
sector has convinced some owners that they can sell their
own home without much trouble. Some are successful, but they
will never know if they got top dollar for their house because
it was never listed and never exposed to the widest number
of potential buyers.
Other shortcomings of do-it-yourself
home selling include mucking up the fine print and idiosyncrasies
that are involved with sale contracts. Also, there are buyerís
agents who will steer their clients away from FSBO (for sale
by owner) properties because the agent knows that he or she
will have to do more work because of the seller's inexperience.
For these reasons and more, an agent is a seller's best ally.
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