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 Zala Smith on December 13, 2008 at 12:00 AM

About Zala Smith
Zala Smith is affliated with Colonial Real Estate, which is located in Clovis, NM. For further assistance please use the contact information located on the right.

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Local Information for Clovis, NM

Latitude: 34.412509 -- Longitude: -103.204611

ZIP Codes for Clovis, New Mexico	88101 88102 88103
Area Code for Clovis, New Mexico	505
Time zone for Clovis, New Mexico	MST

Other Area Cities: Clovis, NM Portales, NM

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The eastern New Mexico region was home to the Clovis culture, a significant early anthropological group of Native Americans. This community is frequently studied in the history of North American anthropology and is fairly well known, even among lay persons. Historical remains were found at the Blackwater Draw site, south of the town, which remains a historical and tourist site.Before receiving the name Clovis, the community was known as Riley's Switch.In addition to general American cooking styles, Mexican and New Mexican cuisine are prevalent. Local restaurants are increasingly dominated by national chains and fast food, both of which are very popular. Several Mexican establishments, mostly franchises, exist, as well as a limited number of Chinese and other restaurants, including a Japanese steakhouse. National pizza chains are present. -- Source: Wikipedia.com

New Mexico 2000 Census Population Profile Map

	Clovis	New Mexico	United States
Population	32,667	1,819,046	281,421,906
Median age	33.1	34.6	35.3
Median age for Male	31.4	33.4	34
Median age for Female	34.5	35.6	36.5
Households	12,458	677,971	105,480,101
Household population	32,071	1,782,739	273,643,273
Average household size	2.57	2.63	2.59
Families	8,598	466,515	71,787,347
Average family size	3.12	3.18	3.14
Housing units	14,269	780,579	115,904,641
Occupied units	12,458	677,971	105,480,101
Vacant units	1,811	102,608	10,424,540

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For Sale By Owner vs a Realtor

Local Information for Clovis, NM

Latitude: 34.412509 -- Longitude: -103.204611

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