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Selling Real Estate
Why You Should Use A Real Estate Broker When Selling San Juan Islands Property
Why Utilize a Brokerage When Selling Your Island Property?
Selling your San Juan Islands home or property will likely be one of the most significant financial transactions of your life. Appropriately, you want to make the process as simple, clean, and profitable as possible.
Some sellers select a “FSBO” (i.e. For Sale By Owner) strategy in an attempt to increase their profit margin. Although this approach is certainly available, you may want to consider hiring a professional real estate broker to handle the ground work needed to manage a successful sale from start to finish. Brokers can get broader exposure for your property, help you negotiate a better deal, dedicate more time to your sale, and prevent personal emotions from creating conflicting circumstances. Most importantly, a broker brings expertise and experience to a complex transaction with many potential financial and legal pitfalls.
Let’s review some of the primary advantages to summoning a local, licensed professional to navigate the sale of your estate:
- Local Housing Market Expertise
- Privacy, Confidentiality and Fiduciary Duty to Client
- Superior Negotiating Skills
- Intimate Knowledge of Real Estate Contract Law
- Implementation of Advanced Marketing Techniques
- Direct Utilization of Multiple Listing Service (MLS)
- Access to Extensive Agent/Client Referral Network
Finally, we should note that broker-assisted estate sales consistently command a higher purchase price. Let’s review some statistics:
- FSBOs accounted for 8% of all home sales in 2018.
- On average, FSBO homes sold for $217,900 compared to and average of $295,000 for agent-assisted home sales.*
*Source: 2020 National Association of REALTORS® Profile of Home Buyers and Sellers
If you’re interested in selling, we should first determine what your property is worth. Start by requesting a free Comparative Market Analysis (CMA) today (see form below).
Request a Comparative Market Analysis (CMA)
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- info@mysanjuanislands.com
- (770) 364-0717
- 105 Spring Street, Friday Harbor, WA 98250