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FACT FIGHT: FOR SALE BY OWNER VS REALTOR

 Edmonton For Sale By Owner v Realtor

All right, that title just randomly came to our mind so we’ll go along with it. Sounds clever, eh?

Today, we’ll discuss the top 3 main facts that will show which is the better option; selling a property on your own or working with a Realtor.

1. MARKET VALUE

FOR SALE BY OWNER: In a typical transaction, owners striking it on their own sell for $40,000 less than a property being handled by a Realtor.

REALTOR: Average selling price of Edmonton properties being sold by a Realtor is $200,000 while a For Sale By Owner would be at $175,000.  A Realtor will provide 14% more value.

2. PERIOD OF TIME BEING LISTED

FOR SALE BY OWNER: Properties gets listed +20 days longer since most owners only rely on 1 or 2 websites like Kijiji or Craigslist

REALTOR: 50, the average days a property is listed on the market for Realtors while For Sale By Owners can run north of 80 days.

The longer a property stays on the market, the lower its chances are of getting sold, and if sold, the price is usually lower than its peers (refer to Market Value).

Edmonton First Time Home Buyers

3. MENTAL PRESSURE

FOR SALE BY OWNER: As high as 80% of sellers experience great difficulty in going through the process of selling. 

REALTOR: 100% of Realtors go through it with ease as they have the tools and network needed to make the selling process fast and effective.

Team Leading Edge for example has partners in the mortgage industry, home inspection and home staging & design, to name a few.

For more from Team Leading Edge, follow the team on Twitter at @teamleadingedge. Make sure to subscribe to Team Leading Edge to get newsletters on the Edmonton Real Estate market.

Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.

Homes For Sale Edmonton

Edmonton Home Sellers

 

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