The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | Page 124

$380,000. It wasn’t selling. After a few months they hired a Realtor and increased the price to $420,000. A few months later the home sold for $408,000. They actually made more money, even after paying the real estate commission. Now, do these stories happen every day? No. Does this happen to every For-Sale-by-Owner that hires a Realtor? No. But, they happen more often than not. In most cases the agent can sell the home for more money than the seller could sell it for on their own. Reason #2: The whole process is easier when you hire a Realtor. Let me give you a concrete example. I talked to a Title Company Manager who handles For-Sale-by-Owner Closings and Realtor Closings. He told me that when a For-Sale-by-Owner sells their home it takes about 30-45 days for the two parties to sign off on the sale contract. He said that sometimes they don't even sign it until they sit down for the closing. When a property is sold by a Realtor, the sale contract is usually signed in 45 hours. Why does this matter to you? Have you ever heard of "Buyer's Remorse?" It's where a buyer makes a decision to buy your home, and then as soon as they have made that decision, they immediately begin to question the decision. It doesn't matter if the decision was good or bad. I've seen buyers get buyer's remorse when they were stealing homes. They still question it. And, sometimes they freak out and change their 123