Thinking Of Selling Your Northern Kentucky Area House Yourself Or Going With A Limited Service Agent?

It is always a great idea to carefully consider all of your options for selling your house in Northern Kentucky. You’ll benefit from checking out the specifics of each option and what will help you to attain your goals. Consider the information listed below to learn about what you get when working with Tom Maldonado Real Estate, a cut-rate limited service agent, an iBuyer, or by attempting to list and sell the house on your own.

	Selling with Us	Discount Realtor	FSBO	iBuyer
Typical Sales Price	Our ultimate goal is to get the listing price or even above the asking price. I am ready to negotiate for top dollar for you.	You may or may not get a good deal. This largely depends on the experience of the assigned agent. Most discount realtors are new to the industry so negotiation experience could be limited.	On average, homes sell for 26% LESS than agent-assisted home sales.	Typically below market value.
Marketing	I go beyond just putting your property on the MLS (Multiple Listing Service). I bring maximum exposure to your property with our in-house digital marketing experts. You pay $0.	Limited	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, like with everything FSBO, you’re responsible for paying for it.	No marketing; you’re selling directly to them.
Work done by THEM	Working with options other than a fully trained staff of experienced and dedicated agents can be risky. Going with “cheaper” options can cost you more money at the end of the day. My goal is to do it right the first time. You have the best local real estate team behind you.	Less hands-on service and support throughout your sale can lead to mistakes and more expenses for you.	None	None
Work done by YOU	None	Varies. Discount realtors/brokers offer many different packages. The less expensive they are, the more work you have to take on.	100%. You’re responsible for all the work from start to finish.	None
Commissions/Fees	No Fees. You only pay a commission when we sell your house.	Flat fee or 2%	Most people want to sell their property FSBO to avoid fees and commissions, but they usually end up paying more in the long run.	Typically 5%
Legal Advice	As a licensed real estate agent, I am held to a high standard to know the legal ins and outs of a home sale. A house sale is a legal transaction so it’s best to have an expert backing you up. I handle the transaction for you.	Typically handled by the assigned realtor.	You’re responsible for the entire process and making sure everything is done legally including making sure title work is done, all taxes are paid by each party, etc. Consult with an experienced closing attorney or title company to make sure nothing is left undone, but this is another expense you must plan for.	None since you’re selling directly to the iBuyer.
Closing Costs	Typically 3%	Typically 3%	Typically 3%	Typically 1%
Time to Close	Not only do I work hard to get you the best offer possible, but I also try to get you the best terms.	Typically dependent on the negotiation experience of the assigned agent, which tends to be low.	For Sale By Owner transactions can be faster – but only if the buyer and owner already know each other.	7 days to 60 days

It is best to think about how much you value your personal time and energy. While you may be able to list and sell your Northern Kentucky house yourself, do you really want to? If you end up spending at a minimum about 30 hours of your time to sell your house, what was that time really worth? That is worth thousands of dollars in terms of hourly rate. Not to mention, do you have the expertise to sort out the particular details involved in listing your house? There is a reason real estate agents carry licenses they must study for. You’ll need to know your stuff if you are to correctly sign over a deed for your house. If you’re ready to sell your house and want to work with an expert, try me out. I’d love to serve as your local real estate agent right here in Northern Kentucky. In fact, research has shown that working with a real estate agent means you can, on average, sell your house up to 20 days faster and for 13% more. This is also why about 89% of people have a local real estate agent work to cater their sales. **

Ready to get started? Fill out the form below, give us a call at (859) 780-3000, or connect with me on my Contact Page.

Less Stress, More Money In Your Pocket, and Peace Of Mind Are Three Things To Look Forward To

When selling your Northern Kentucky KY house, make your decision for a selling method based on these 3 important factors.

1. The true costs: People can consider the commissions paid when selling a house with a real estate agent as something they’d prefer not to pay them. However, when you work with the right Northern Kentucky real estate agents, that agent is the expert in your corner to protect you and your bottom line. Any number of things can go awry during a real estate transaction. Maybe a property takes too long to get sold. A buyer bails on you at the last minute. Or there’s a mistake because something was written strangely in the contract. Mistakes can mean lost money or deals. Simply put: if you want excellent service, and peace of mind, paying a commission is one way to guarantee it.
2. Your time commitment: Are you prepared to invest a lot of time into every single aspect of the listing and selling of your house? You’ll have to deal with everything from marketing preparation to open houses. Then signs and flyers. Dealing with the escrow and extensive legalese in paperwork. There are also potentially many open houses and individual viewings and phone calls to deal with. This can potentially save you a few thousand dollars, but you’ll have to put a lot of yourself into the project instead. Think about how much you value your own time before deciding you can take on the project yourself. If you’d rather be able to relax during the sale of your house, consider working with me.
3. The “experience factor”: All sorts of things can throw off the timing of your home sale closing. Or cause your buyer to get cold feet and walk away. Luckily I am here to help you avoid all of these many pitfalls. I will be your guide throughout your selling journey.

Ready To Get The Process Started With Tom Maldonado Real Estate? Give Us A Call At (859) 780-3000 Or Get A FREE Home Valuation Report!

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 an FSBO site versus the MLS or an agent.