CHAPTER 22 Should You Consider Hiring ou Consider Hiring a Real Estate Agent? e Agent? Certainly! Here's the text reworded and expanded upon: Ever wondered why people opt for the services of a real estate agent? Well, wonder no more. Here are several compelling reasons:
REASON #1: Enhanced Profit Margins
One primary advantage of hiring a real estate agent is that it often leads to higher selling prices. In fact, most sellers end up with more money in their pockets, even after paying the agent's commission. While "For Sale By Owners" (FSBOs) may appear to save money on Realtor® fees, they tend to encounter numerous challenges. For instance, only about 11% of sellers manage to successfully sell their homes without the assistance of a real estate agent. According to data from the National Association of Realtors, FSBOs typically sell their homes for less compared to homes sold through agents. In 2020, FSBO homes had a median selling price of $225,000, significantly lower than the median of agent- assisted homes at $345,000. This isn't to say that every agent guarantees a higher sale price, but statistics demonstrate that agents typically achieve better results.
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