Compare Your Options For Selling A Boise Area Home
Boise area homeowners have more than one way to sell a house or rental property, but which is the right one for your situation? Dive in and learn the differences when you work with an experienced local realtor like Southey Real Estate, try to sell a property yourself, or hire a cut-rate limited service agent.
|For Sale By Owner||Cut Rate Agents|
|Time To Sell:||Lower average days on market (under 50)||Studies show selling a house yourself adds an average 20+ days to the time it takes to sell the house.**||Depends. You will need to enquire about if their service includes marketing and negotiations.|
|Typical Sales Price:||Houses sell for 13% higher prices* when working w/ a broker vs. FSBO.||13% less* than if you use an experienced agent||Depends. You will need to ask if their services includes negotiations.|
|Marketing Costs:||$0 – We pay for all marketing and do all of the marketing work.||$500 to $2,000+ in ads, signs, and more.||$500 to $2,000+ in ads, signs, and more.|
|Types Of Marketing Included:||MLS listing, professional yard sign, our team of buyers agents, featured online listings, open houses, and more!||None. You pay out-of-pocket for all marketing costs.||MLS, other marketing usually extra|
|Time Commitment From You:||Very little. We want this to be as hands off as possible for you so you can enjoy the process.||3 to 5+ hours per week, including showing the house, open houses, marketing, putting out signs, etc.||3 to 5+ hours per week, including showing the house, open houses, marketing, putting out signs, etc.|
|Fees / Commissions:||With our competitive commission structure we save you time and stress by representing your best interests. Stats show we can help you sell for a higher price vs. FSBO.||$100 to $1,000 for materials and FSBO website listings.||Flat fee or reduced commission for reduced services and assistance.|
|Legal / Contract / Advice:||100% included. We handle all of the contracts, documents, setting up escrow and closing, and more! We worry about the details so you can relax.||You are responsible for ensuring the closing happens correctly and legally, which includes all contracts, escrow, and legal details.||Not always included and when it is it may be limited. Ask the agent what they include and will not include.|
* 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.
We advise our clients to put a value to the time and energy that they must use to sell their house themselves. If it takes you 30 hours of your time (at a minimum), that alone is thousands of dollars in real value and lost time. Add up the research showing how an experienced full-service agent can help sell your house on average 20 days faster and for 13% more, and that’s why 89% of home sellers work with a local real estate broker like Southey Real Estate to help sell their Boise area homes.
Interested in learning more? Give us a call at 208-340-3585 or connect with us on our Contact Page.
Peace Of Mind
If it’s finally time to get serious and sell a house or property in Idaho, you will want to make your decision on what’s right for you based on these 3 important factors:
- The true cost. Home sellers may look at the agent’s commission as a necessary evil to sell a home. But when you partner with the right Boise real estate agent, that agent is your real estate expert. If a property takes longer to sell than expected, a buyer backs out or their financing falls through, or you misstep because of a mistake in the contract that could cost you money, all of these things can add up quickly to a lot of time, money, and stress. But when you use an experienced agent like Southey Real Estate, we are there to check the details so you don’t have to.
- Your time commitment. From marketing online and through ads, to taking calls from buyers, showing the house, setting up escrow, and more, selling a house yourself or through a cut-rate agent can cost you a lot in time and money. And, after you put in all that hardwork, you realize all that you’ve only saved 2 or 3% on the sale. Once you calculate what your time and energy are worth, it becomes obvious why so many homeowners use an experienced agent like Southey Real Estate. If you’d rather not hassle with the details of your house sale, contact us today.
- The “experience factor”. Even the smallest hiccup can throw your closing off or cost you thousands. Our experienced team can help you avoid any pitfalls before they cost you too much time and money.