Thinking Of Selling Your Metro Detroit Area House Yourself Or Going With A Limited Service Agent?
Even in a seller’s market like Michigan, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your Oakland County, Macomb County and Wayne County house. It’s important to know your options when selling a house. Dive in and learn the differences when you hire Property Marketplace, LLC, sell yourself, or a cut-rate limited service agent.
|Working With Property Marketplace, LLC||For Sale By Owner||Cut Rate Agents|
|Time To Sell:||Lower average days on market (under 50)||Studies show selling yourself adds on average 20+ days to the time to sell the house**||Depends on how comprehensive the service is to help market and negotiate the home|
|Typical Sales Price:||Houses sell for 13% higher prices* when working w/ a broker vs. FSBO||13% less* than an experienced agent is able to negotiate||Depends if their service includes full negotiation services or not|
|Marketing Costs:||$0 – We pay for all marketing and do all of the marketing work||$500 – $2,000+ in ads, yard sign, and more.||$500 – $2,000+ in ads, yard sign, and more.|
|Types Of Marketing Included:||MLS listing, professional yard sign, videos, photos, our team of buyers agents, featured online listings on multiple websites such as Zillow.com, Trulia.com, Realtor.com, Yahoo Real Estate and others, open house if necessary, and more!||None. You’ll need to purchase all of your marketing separately.||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.||3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc.||3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc.|
|Fees / Commissions:||Competitive commission structure with OPTIONS for you. But we save you time, headache, and stats show we can help you sell for a higher price vs. FSBO. Paid at closing, and only if your home closes. Which it will!||$100-$1,000 for materials and FSBO website listings. Most cases all upfront costs.||Flat fee or reduced commission for reduced services and assistance.|
|Legal / Contract / Advice:||100% included. We handle all of the contracts, documents, setting up title and escrow and closing, and more! We worry about the details so yo can relax.||You are responsible for all contracts, escrow, and legal details to ensure the closing happens correctly and legally.||Not always included, when it is it may be limited. Ask the agent what they include and will not include.|
At the end of the day we always advise our clients to put a value to your time and energy that it will take to sell a local Metro Detroit, Michigan house yourself. If it takes you 30 hours of your time (at minimum) and you value your time, that alone is thousands of dollars in real value, not to mention the lost time. Add up the research showing how a full service agent who is experienced in local Metro Detroit real estate 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 Property Marketplace, LLC to help you sell your home.
Ready to get started? Give us a call at 248-330-4421 or connect with us on our Contact Page.
Less Hassle, More In Your Pocket, Peace Of Mind…
When selling your Metro Detroit Michigan house, make your decision on what’s right for you based on these 3 important factors.
- The true costs: Often times people look at the commissions for an agent as a necessary evil to sell your home. But, when you partner with the right Metro Detroit real estate agents, that agent is the expert in your corner to protect your best interests. If a property takes longer to sell, a buyer backs out, you misstep because of a mistake in the contract that could cost you money, paying buyers agent commissions… all of those things add up to the true cost of selling your house.
- Your time commitment: Do you want to be (and have the time to be) heavily involved in all aspects of selling the house? From marketing, to taking calls from buyers, to showing the house, doing your own open house, putting signs outside, to setting up escrow, and more? All so you can save 2 or 3% on the sale. Just calculate what your time and energy is worth and where you should best focus your time. If you’d rather not hassle with the details of your house sale, work with a trusted agent like Property Marketplace, LLC.
- The “experience factor”: There are hangups that can throw your closing off or cost you thousands. We help you avoid those and we deal with them for you.
Ready To Get The Process Started With Property Marketplace, LLC? Give Us A Call At 248-330-4421 Or Get A FREE Home Valuation Report!
* 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 a FSBO site versus the MLS or an agent.