Why does For Sale by Owner work?
Prior to the growth of the internet, the only way to view homes was through a real estate agent. Buyers visited homes based on agent recommendations and realtors were an integral part of the home buying and selling business.
Research shows that 80% of all buyers now start their property search online. Now that the internet allows prospective buyers to select and view homes based on their criteria (price, location, bedrooms, etc.), the For Sale by Owner industry has grown tremendously. Selling your home directly to a buyer eliminates the extremely high realtor fee and allows you to earn a maximum return on your investment.
The below example shows how much money you can ultimately save by selling privately:
Commission (based on realtor average of 6% commission):
Where would you prefer the commission go to, you or an agent? This $18,000 represents a significant portion of the investment you made in the house and comes right out of the equity you gain by selling your home.
Selling your home privately is now easier than ever. Does it require a bit more work? Sure it does. But, more importantly, the money you will save by not paying commission will more than make up for the time you invested to get your house sold.
If you are interested in selling your home privately, contact us now to find out why PropertyHitmen.com is the right choice for you.