Thinking Of Selling Your Boca Raton Area House Yourself Or Going With A Limited Service Agent?
Smart buyers look at all of their options to see which will actually help them best reach their goals with the sale of a Boca Raton house. Dive in and learn the differences when you hire Living Flamingo Group versus using a cut-rate limited service agent, sell it yourself, or use an iBuyer.
About Barbara, Principal of The Living Flamingo Group.
When it comes to buying or selling your home, you need an agent who not only knows the area but who also brings top-notch skills in negotiations, as well as customer relations. Barbara has over 20 years of successful sales experience and spent 8 years training real estate agents and management throughout the United States and Canada. She is also an award-winning mediator and is prepared to guide you through the process of buying or selling a FL home. With her abundant resources, top-notch support team, enthusiasm, and attention to your needs, she strives to make the experience efficient and successful.
Time to Sell
Discount Realtor
Depends on the level of package selected and experience of the assigned agent.
FSBO
Depends on your ability and the time you have to negotiate.
iBuyer
Can be fast but at a heavily discounted price.
Typical Sales Price
Discount Realtor
Depends on the experience of the assigned agent; most discount realtors are new to the industry so negotiation experience could be limited.
FSBO
On average, homes sell for 26% LESS than Agent assisted home sales*.
iBuyer
Typically below market value.
Marketing
Discount Realtor
Limited
FSBO
Depends on your ability to market. At the end of the day, to get the best, most qualified buyer you have to bring as much visibility to the property as possible. This can get expensive, time-consuming, and overwhelming, and it comes out of your pocket.
iBuyer
No marketing; you’re selling directly to them.
Work done by THEM
Discount Realtor
Less hands-on service and support throughout your sale.
FSBO
None
iBuyer
None
Work done by YOU
Discount Realtor
Varies. Discount realtors/brokers offer many different packages. The less expensive they are, the more you have to take on.
FSBO
You’re responsible for 100% of the work from start to finish.
iBuyer
None
Commissions/Fees
Discount Realtor
Flat fee or 2%
FSBO
Most people that try to sell their property FSBO are looking to avoid fees and commissions.
iBuyer
Typically 5%
Legal Advice
Discount Realtor
Typically handled by the assigned realtor.
FSBO
You’re responsible for the entire process, including making sure everything is done legally. You are responsible for ensuring the title work is done properly, all taxes are paid by each party, etc. You will also need to consult with an experienced closing attorney or title company to make sure nothing is left undone.
iBuyer
None. You are selling directly to the iBuyer.
Closing Costs
Discount Realtor
Typically 3%
FSBO
Typically 3%
iBuyer
Typically 1%
Time to Close
Discount Realtor
Typically dependent on the negotiation experience of the assigned agent.
FSBO
For Sale By Owner transactions can be faster – but only if the buyer and owner already know each other.
iBuyer
7 to 60 days
At the end of the day, we always advise our clients to put a value on the time and energy that it will take to sell a local Boca Raton area house yourself. If it takes you 30 hours of your time (at minimum), that alone is thousands of dollars in real value. Add in the research showing how a local and experienced full-service agent can help sell your house on average 20 days faster and for 13% more*, and you can begin to see why 89% of home sellers* work with a local real estate broker like Living Flamingo Group to help sell their home.
Ready to get started? Give us a call at (561) 325-1535 or connect with us on our Contact Page.
Less Hassle, More Peace Of Mind…
When selling a house in FL, consider these 3 important factors:
- The true costs: Homeowners often look at their agent’s commission as a necessary evil to sell a home. But, when you partner with the right Boca Raton real estate agent, that agent is the expert in your corner that is there to protect your best interests. If a property takes longer to sell, a buyer backs out, you misstep and make a costly mistake in the contract, etc., all of those things add up to the true cost of selling your house.
- Your time commitment: Do you want (and have the time) to be heavily involved in all aspects of selling your property? To get the full listing price for a home, you have to invest your time in online marketing, taking calls from buyers, doing your own open house, setting up escrow, and more. But is it worth doing it yourself so you can save 2 or 3% of the sales price at close? Once you calculate what your time and energy are worth, it becomes obvious where you should best focus your time.
- The “experience factor”: Every home sale can experience hang-ups that can throw your closing off and cost you thousands. But when you work with a trusted agent like Living Flamingo Group, we help you avoid those pitfalls and deal with them for you.
Ready To Get The Process Started? Give Us A Call At (561) 325-1535 Or Get A FREE Home Valuation Report Today!
Sources:
*2014 Profile of Home Buyers and Sellers, National Association of REALTORS®)
**Both the Northwestern and the Stanford studies mentioned in the Money section confirm just that: “The use of a broker does lead to an accelerated sale. In that respect, brokers appear to add value,” the Stanford researchers declared. The Northwestern study found that it takes on average 20 days longer to sell a house on a FSBO site versus the MLS or an agent.