weeks later, he received an offer from a buyer willing to pay full price. He ended up with more money in his pocket, even after paying the commission. • Jimmy and Kaye had their home on the market for $380,000. It wasn’t selling. After a few months, they hired a real estate agent and increased the price to $420,000. A few months later, the home sold for $408,000. They made more money, even after paying the real estate commission. Do these stories happen every day? No. Does this happen to every FSBO that hires a real estate agent? 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. Let me give you a concrete example. I talked to a title company manager who handles both FSBO closings and real estate agent closings. He told me when an FSBO sells their home, it takes about 30 to 45 days for the two parties to sign off on the sale contract. He said sometimes they don’t even sign it until they sit down for the closing. When a property is sold by a real estate agent, the sales contract is usually signed in 45 hours , REASON #2: The whole process is easier when you hire a real estate agent.
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