Another reason is agent to agent networking is still the most common reason homes get sold — local agents work to get the word out about the features of the home and suggest it to other agents for their clients.
Selling on your own has legal ramifications too — there are dozens of laws that affect what is legally required for disclosures and condition at the time of sale. Miss one of these and you risk having the sale overturned later or having a lawsuit on your hands.
Security is another consideration. Agents have special lockboxes that record who comes in your house and when. The people showing the homes also have had background checks and fingerprints taken to ensure they are not really home invaders. The same is not true when you stick a combo lock on your home. You don’t want to wake up with the “buyer” from this afternoon holding you hostage at gunpoint!
Once you find a buyer, keeping that buyer might also be challenging. Since you don’t know much about real estate lending, you might end up with a nightmare where the buyer can’t get their loan approved but won’t let you out of the deal either. You will end up having to hire an attorney and that will most likely cost much more than the commissions you “saved.”
Finally, there is the stress — if a real estate professional has done their job for you in the past, it all looks very smooth. But there are lots of moving parts — contingency dates, inspection findings, escrow requirements, lender issues, timing coordination, title company issues, building reports, etc — that all affect keeping the transaction together. An experienced agent may make this all look easy, but most transactions have some hurdles to clear. Why take the risks? Call me today!!