I was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?

Has anyone tried listing their house for sale by owner? Why should I hire a realtor and pay 6% in commissions? thank for the helpI was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
Pros: Realtors can sometimes get the home sold faster and for more money. Don't forget, the fees you'll spend on the Realtor will be saved if the Realtor saves you 6 months on the market. Realtors can do all the work necessary to comply with local, state, and federal regulations. Realtors will put the home on a Multiple Listing Service, which will give exposure to many buyers through the web, and also exposure to other Realtors, who each may have buyers who match your home. As for advertising, you can go ahead and market your home yourself, but you're out those costs whether it sells or not. When you have a Realtor advertising for you, you're not paying for those advertising fees. If you don't advertise, the only people who will even know about your home being for sale will be those who drive by and those you tell about it. You'll miss out on over 95% of the buyers for a given area. You will not have to come to the house for every showing scheduled. Oh yeah, sometimes those people don't show up for their showings, and you're left waiting for an hour or more, missing work. You will probably be asked to pay a Buyer's Agent for a potential buyer anyway.





Cons: between 5% and 7% commission. You may have to interview many agents to find the right one.





Good luck with the sale, regardless of which way to go. I do strongly suggest that you interview some agents anyway, so you can see some of the things you will need to do if you decide to sell by yourself.I was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
There are several reasons why you would use a realtor.


1. they pay for the advertising, (not you)


2.They have access to different lenders for mtg's depending on the buyers needs.


3. Most people work during the day that are selling a home. So if someone wanted to look at your home in work hours, are you going to be able to show them the home?


A lot of buyers just drive by and want to look at a home at the drop of a hat.


4 The agents has to handle all the calls at all times of the day. If your at work you may not be able to take every call that comes in.


5. The agent will make sure that the buyers are qualified to purchase before they bother you with bogus offers.


6. They have other agents in their office that may have clients that are looking for a home like yours.


7 They list homes on the MLS ( multi list) that every other agent has access to that gives information about your home.


This is just a few reason why an agent instead of FSBO.


Also most FSBO end up getting a listing agent in under 90 days.
The biggest con to listing FSBO is that if someone who has a buyers agent wants to see your house many times the agent will steer them away.





Also, there is so much behind the scenes with paperwork that most folks are unaware of. If you choose that route make sure to hire a good real estate attorney.





*disclaimer* I am not in the real estate industry, just a buyer who has run up against this.
Most of the time in my area FSBOs list their home for too much money, so there is no saving. A few months later they will list with a real estate agent. The only real estate agent that will take the listing will let them list for the still to high price, which now way to high because the market is dropping. Nine to twelve months later there the home sits.





You pay the real estate agent to market your home. Your home will go on a Multiple listing service were other real estate agents will see it. It won't be just you selling your home but all the agents in the area. Also you should get good info about pricing, marketing and legal issues.





I can see going without a real estate agent in a hot market or even a discount one in a hot market. But now you need every advantage you can get.





I won't show a FSBO because there are too many issues I don't want to discover once I have a motivated buyer making a offer.