Chapter 10
Four Reasons Why Home Sellers Hire a Realtor
I am sure you have wondered why people even hire a Realtor. Well, here are a few reasons why.
Reason # 1: We can sell homes for more money.
In fact, most sellers net more money in their pocket, even after they pay the agent’ s commission.
The typical home sold by an agent sells for $ 230,000, while the typical For-Sale-by-Owner home sells for $ 184,000.
That doesn ' t mean that every agent is going to sell your home for more money. But, the numbers do show that agents do sell homes for more.
In fact, many sellers actually make money hiring a Realtor to sell their home. Here are a couple of real life examples:
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Brandon had his home on the market for $ 220,000. He wasn’ t getting much activity. The buyers who did look at it were not serious.
They showed little interest in buying the home and made lowball offers on his home. He listed his home with an agent for $ 240,000.
3 weeks later he received an offer and the buyer agreed to pay full price. He actually ended up with more money in his pocket, even after paying the real estate commission.
Jimmy & Kaye had their home on the market for 122