Could A Knoxville Realtor Save You Money?

Many people will forgo using a Knoxville realtor to save a bit of money.

But, what if using a Knoxville realtor could actually save you money? In this post, we’ll cover how a Knoxville realtor could actually save you some money.

Realtors Know How To Price A Home

Realtors are in the business of selling homes. They know how to accurately price a home so that it sells quickly and at the best price possible. A home that is priced quickly will not only sell fast but it also has the potential to get multiple offers.

Data from Realtor.com proves that homes sold by Realtors sell for more. Here is a breakdown of that data:

As it turns out, FSBOs make less money on their home sales than buyers who work with a real estate agent. According to the report, the median selling price for all FSBO homes was $190,000 last year. When the buyer knew the seller in FSBO sales, the number plunges to the median selling price of $160,300. For homes sold with the assistance of an agent, the median selling price was $250,000 ̶ that’s $60,000-90,000 more for the typical home sale. 

Realtor.com.

You will have to pay a realtor for their services, but when they’re able to get you more for your home, that will be worthwhile.

Save You Time

Time is a precious commodity, especially when it comes to selling a home.

There are two different ways that a realtor will save you money based on the amount of time on the market. One involves the overall cost of still owning a home and the other is ultimately the sales price.

Owning a home costs money. The longer your home sits on the market the more costs you will incur to maintain the home. You may have already moved and be stuck paying two mortgage payments and utilities and maintenance on a home. Regardless, the time it takes to sell your home is costing you money.

When your home sits on the market longer, it will likely take a toll on the price. You’ll ultimately take the hit when it comes to the sales price. Either you’ll be stuck accepting a low offer or lowering the price in order to get the home to sell.

When your home sells quickly, not only will it save you time. It can also save you money on your bottom line. Homes that sell quickly tend to sell closer for their original asking price.

Realtors Have Connections

Agents have an expansive network of professionals who may come in handy when you sell a home. It’s those professionals that can help save you quite a bit of money.

During the process of selling your home, you may need to make repairs or may need to do some updating before you’re ready to list your home. A realtor can help connect you with the right professionals who will do a good job and won’t cost you an arm and a leg.

Give us a call today. Rick can be contacted at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be contacted at 865-696-1888 or via email at Kati@KnoxvilleHomeTeam.Com. Contact us today for your FREE Knoxville Home Valuation.