It's almost a guarantee that you will end up speaking to more brokers than buyers. The reason being, is when you advertise your property for sale by owner, Brokers/Agents will normally be the first to contact you because they are generally looking for listings and/or seeking properties for buyers.
In addition, Brokers/Agents have access to the MLS, which we all pay into, to broadcast property listings two other agents in the County, State and sometimes Nationally. When you advertise your property on your own, you have a select few sites and possibly a sign you would place on your property. So your pool of prospects is substantially limited in comparison to what Brokers/Agents have access to.
Then comes the leg work... While you're sitting in your desk at the office you will start receiving phone calls from people who, for example, may work the grave yard shift as a nurse and they can only see properties in the morning. So it become very difficult to schedule showings and forget about your weekends! So then you will have to wait to coordinate a time to meet with these people. But this is just one example...Anything can happen and believe me it always does!
The way I see it, having an agent will expose your property the greatest number of people and will give you freedom from what can often be a difficult path to navigate.
Your best bet would be to interview some agents and work with the one who makes you feel most comfortable.
Feel free to contact me if you're holding interviews! :)
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Jersey City, NJ 07302
A David said, below, there are agencies that will list your property for a flat fee and provide no services other than the listing. I have to agree with David that a For Sale by Owner does not have the same chance to sell as a property listed by a full service agency. The first reason is that owner's usually have an inflated idea of the value of the property and even though they are listed on the MLS, they do not attract qualified buyers because of they price does not compare with other comparable properties.
Usually a person working for you to sell the property will be able to see things at arm's length and provide you with better services in negotiating the contract price and moving through the bumps in the road that come up in any sale.
If you do move forward selling the property on your own, make sure you have a very well qualified and responsive attorney to help you through. The attorney's fees could be higher than in a standard realtor generated sale since the attorney has more to do if the buyer is representing him/herself.
Hope this is helpful. Let me know if you need any more information.
Best of luck to you - I'm a realtor myself, but I would never list my own house - too close and I'll likely make a mistake. When I've listed property, I've had another agent do it for me - their lack of bias provides clarity that a homeowner just doesn't have.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
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Coldwell Banker Residential
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