At first glance, selling your home without a Realtor seems like a great way to save money because you avoid paying commission fees.
But the true cost of selling on your own often far outweighs the savings.
In fact, saving money on agent commission upfront can cost you more in legal fees and/or lost profit!
Take this into account: sellers who skip paying an agent typically save about $4,200 in commission fees. However, the average difference in profit between those who use an agent and those who don’t is a staggering $34,000. This means that while you might save on upfront costs, you could be leaving a significant amount of money on the table.
Why such a big difference?
A professional Realtor brings more than just negotiation skills to the table. They provide market expertise, pricing strategy, and a network of potential buyers, all of which can lead to a higher sale price. Without this expertise, you risk underpricing your home, missing out on potential buyers, or facing legal issues that could be costly to resolve.
There’s also the trust factor. A significant portion of unrepresented sellers found that buyers didn’t trust them, which can lead to lower offers or longer time on the market. A Realtor, on the other hand, brings credibility and professionalism to the transaction, helping to reassure buyers and facilitate a smoother sale.
In the end, more than half of the sellers who chose not to work with an agent ended up regretting it. Selling your home is one of the most significant financial decisions you’ll ever make. By partnering with a top agent like Lauryn Dempsey, you can ensure that the process is handled with the expertise and care it deserves, leading to a more successful and less stressful experience.
Don’t leave your sale to chance. Work with a trusted Realtor and maximize your profit while minimizing your risk.
If you are looking for daily insight and tips on today’s market, follow Lauryn Dempsey on LinkedIn. If Lauryn can help you strategize your next steps in real estate in the Denver Metro Area or elsewhere across the U.S., please book a call!