Many home owners think selling their home privately will save them money. This is false and will more often than not lose them far more money than the commission they would have spent.
If you list your home on a ‘for sale by owner’ site and put a sign in your yard you are marketing your house like a kids Kool-Aid stand. Having your home listed on a professional MLS system is comparible to having your product (home) on display and for sale in Wal-Mart. When your home is listed professionally it reaches exponentially more potential buyers than an attempt to sell it privately… possibly even 10,000/1.
Consider the law of supply and demand – listing professionally puts your home, available for sale, in front of substantially more buyers (more demand). When supply remains equal (there’s only one of your house) and demand increases substantially, your home will sell higher. The sale price you receive selling your home professionally will cover the commission you pay and often earn you more. On the other hand, attempting to sell privately with very few potential buyer noticing will deflate your homes potential sale price.
The MLS system is an amazing network reaching thousands of potential buyers and Realtors®. In addition to the MLS a accomplished Realtor® will also market your home using additional creative and proven mediums too. Listing with a good Realtor® will boost your sale price, reduce your risk and save you time.