Many home sellers believe that if they market their home without the assistance of a professional Realtor, they can save money on fees and commissions. But, that is not often the case. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we have seen that over 80 percent of the homes that starts out as For Sale By Owner end up listing with a Realtor. That means that any costs that the owner had during the attempted FSBO sale becomes an additional cost to the seller in the eventual sale of their home. These costs include advertising, signs, flyers, etc., among other costs. This could easily be hundreds of dollars. On the rare chance that a home does sell FSBO, it is very likely that the buyer will come represented by a Realtor who will need to be compensated by the seller. In many cases, this will be at a cost of at least half of what the owner would have been charged by a listing agent. Keep in mind that this is a cost in addition to the advertising, signs, flyers, etc., costs that the seller is already paying. Since this Realtor won’t be representing the owner, the only will also have attorney costs associated with the sale. Check out below to see what sold in Maybury Park Estates in February 2016:
21322 Equestrian Trail, Novi: 4 bedrooms, 3.2 bathrooms, 5,179 sq. feet, 3 car garage, Sold Price: $1,250,000
One final thing to consider: Is your time worth anything? There is a lot of time that goes in to getting a property sold. It takes a lot of work to find a buyer. It takes just as much work, often, to get that deal to the closing table. For more information on Maybury Park Estates, or similar Northville or Novi neighborhoods such as Turnberry Estates, Tuscany Reserve and Bellagio, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.