For Sale By Owner vs a Realtor

Many people are making the choice to sell their homes themselves. While it is said that this method of home sales can save an owner money in commission fees, it should be noted that usually the money saved in commission is spent in other areas. Typically an agent's commission for a home sale is approximately 5-7%. However what many people do not realize is that it will cost them at least that to see that their home closes properly. There are many costs that the average home owner does not know about that are covered in the sales process by a realtor.

The sale of a home is a major undertaking. It is kind of like taking on a second full time job. The marketing of a home itself can be a costly and time consuming process. A realtor has a great selection of advantages when it comes to marketing a home. Usually they will have a previously established web presence. This is vital in ensuring that your home receives proper coverage and exposure. The first time that many prospective buyers see your home will be on the internet, not only on the realtor's site but on the local MLS as well. This is one aspect that is difficult to attain when selling a home yourself. Realtors also have the advantage of being able to take out full page color ads in the local newspapers to showcase their listings.

The main area where a realtor's experience comes into play is during the contact negotiations and execution. Agent's are trained in the proper execution of contracts and all aspects of closing a home. This part of the selling procedure can be extremely confusing and expensive. There are numerous lawyer's and notary costs that can easily inflate a sellers cost beyond the small saving on commission. Also, take into account the fact that a large percentage of people who attempt to sell their homes on their own, eventually end up listing with an agent when their home does not draw the necessary attention to sell in a timely manner. Add to this the fact that homes sold with an agent typically close for over 20 thousand dollars more than homes sold by owners and suddenly an agent becomes a fairly attractive concept. Remember, it is likely that a professional agent will be able to dedicate more time to the sale of your home than you. After all, you have to work yourself, and for an agent, selling your house is the work.

Posted by Barbara Herren on December 13, 2008 at 12:00 AM

About Barbara Herren
Barbara Herren is affliated with Century Realty, which is located in Marshfield, MO. For further assistance please use the contact information located on the right.

As of 05/23/12 the Barbara Herren RePage is ranked at 4,604 with 395 points.

Local Information for Marshfield, MO

Latitude: 37.339599 -- Longitude: -92.90723

ZIP Codes for Marshfield, Missouri	65706
Area Code for Marshfield, Missouri	417
Time zone for Marshfield, Missouri	CST

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Marshfield is a city in Webster County, Missouri, United States. The population was 5,720 at the 2000 census. It is the county seat and part of the Springfield, Missouri Metropolitan Statistical Area. Hosmer Dairy Farm Historic District, also known as Walnut Springs Farm, is on the National Register of Historic Places. It is currently a popular place for wedding ceremonies. The town boasts the oldest Fourth of July celebration west of the Mississippi River and in the state of Missouri, which is the reason the First Family chose Marshfield as a campaign stop on the nation's birthday. In 2006, the city made the national news as it welcomed the largest gathering of Presidential relatives in the history of the nation. The historic gathering occurred for the announcement ceremony of the National First Families Library and Museum, which is located on the city square. Marshfield has one high school, Marshfield High School. Marshfield also has a Wal-Mart Supercenter. -- Source: Wikipedia.com

Missouri 2000 Census Population Profile Map

	Marshfield	Missouri	United States
Population	5,720	5,595,211	281,421,906
Median age	35.1	36.1	35.3
Median age for Male	31.9	34.8	34
Median age for Female	37.4	37.4	36.5
Households	2,256	2,194,594	105,480,101
Household population	5,506	5,433,153	273,643,273
Average household size	2.44	2.48	2.59
Families	1,533	1,476,516	71,787,347
Average family size	3	3.02	3.14
Housing units	2,417	2,442,017	115,904,641
Occupied units	2,256	2,194,594	105,480,101
Vacant units	161	247,423	10,424,540

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For Sale By Owner vs a Realtor

Local Information for Marshfield, MO

Latitude: 37.339599 -- Longitude: -92.90723

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