Bozeman Homes For Sale

Before you spend money on a "for sale by owner" sign, make sure you take time to learn the pros and cons of selling your home without a real estate agent. Most homeowners decide to use a real estate agent after they learn about the challenges of selling a home without a professional's help.

Con: You Probably Don't Know the True Value of Your Property

You immediately encounter a problem when you try selling your home without an agent. You think that you will save money by avoiding commission — but do you really know the true value of your property? At best, you can make a guess based on what homes in your area have sold for recently. The unique features in your home and surrounding property, however, could significantly increase the amount of money buyers will pay. What if your home has features that make it worth $400,000? Hiring a real estate agent who recognizes the higher value could mean that you sell your house for $400,000 instead of $350,000. After a 6% commission to the agent, you get $376,000 from the buyer. Trying to save money isn't always the right move. In this case, you lose $26,000 because you thought you could do an agent's job. You can actually get paid more by hiring and paying a real estate agent.

Pro: You Get to Make All the Decisions

There's something to be said for having control over your home. Selling your home without a real estate agent means you can take your personal approach to the process. If you don't like someone who wants to buy the property, you can simply refuse the sale. With no one there to encourage you to sell, you get to make the call.

Con: You Have to Do All the Work!

The flip side of "getting to make all of the decisions" is that you "have to do all of the work." Do you want to spend time advertising your property, fielding phone calls from potential buyers, scheduling meeting times, and setting up open houses?

It will likely take a lot of effort for you to sell your home without a real estate agent. Most people change their minds and decide to hire a professional when they realize how much time and energy it will take to sell property independently.

Con: You Miss Out on the Expertise an Agent Brings to Your Side

Hiring an agent means that you get an expert on your team who has diverse talents and skills. Why would you need a real estate agent? Some of the things they do include:

  • Negotiating with buyers to settle on prices and property improvements that will help the property sell quickly at a price that makes you happy.
  • Bringing in experienced inspectors who can give you objective reports of your property and recommend improvements that will help you fetch more money.
  • Accessing proprietary real estate information to determine the value of your home.
  • Staging your home to make it more appealing to buyers.
  • Marketing your property to get the maximum value as soon as possible.
  • Walking you through each step of the selling process to keep everything legal and easy for you.

We are here to help! Contact Broker Tamara Williams at 406 223 6823 for your Real Estate Needs! 

Posted by Tamara Williams on


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