Maybe you should read this if you are considering becoming a DIY home seller

Are you thinking about selling your own home by yourself? Do you have a list of potential buyers ready to purchase your home? Do you have a lot of extra time to market your home? Are you up to date on the latest regulations for closing a home sale? Are you ready to meet and greet potential buyers at various times during the day to view your home?

Some homeowners think that if they sell their home themselves, they will profit more financially from the sale without using an agent, in exchange for some blood, sweat and tears from doing it themselves. Research tells us otherwise. What they will get is some last minute wheeling and dealing, a 30 day stress headache, and a lower price than what the market really could get them.

According to a study by the National Association of REALTORS (NAR), 8% of all homes sold in 2017 were sold as For Sale By Owner (FSBO). This number is down from 2004 when it was 14%. People are learning and seeing the value in using a professional real estate agent when making one of the biggest purchases of their lives. 

In the NAR's 2017 Home Buyers and Sellers Profile Report, they found that the average FSBO home sale actually made less than they would have if they used a real estate agent. In the study the national median selling price was $250,000. The median selling price for a FSBO home was $190,000. That is a $60,000 difference and with a 6% average sales commission ($15,000), that is $45,000 that is missing from the sellers' pocket. When a FSBO deal occured between someone the seller knew, that number fell to $160,300. That is a $89,700 difference! That is a lot of money to lose out on when dealing with the sale of your home.

These are hard, real numbers. Big numbers. These numbers are different than our median sales price numbers here in Utah, so the $$$ difference is even greater. The best thing you can do if you are thinking about selling your home by yourself is to talk to me or another trusted real estate agent. Ask what commissions are (I offer a discounted commission for teachers, fire fighters, law enforcement, active military, and EMTs) and figure out what that number is for you. The numbers show that in reality, selling your home by yourself results in less money in your pocket at the end of the transaction. Save yourself some money, time, and stress and have an agent hang the sign for you. Call or text me, 801 631-3430. I'd be happy to chat with you about this.

Brought to you by Heath @ HeathsHomes.com