For-Sale-By-Owner Can Hurt Sellers in a Hot Market

When homes sell this easily (if priced right), you might think you don’t need to use a listing agent, but think again.

Take this example. I listed a home last week for what it was worth based on comparable sales, but it attracted 50 showings and 11 offers and I played the offers against each other to get $30,500 over the listing price, waiving appraisal.

If the owner had tried to sell it herself, fewer buyers would know about the home because it wouldn’t be on the MLS and countless other websites. And how could she have handled those 50 showings without our showing service, which is only available to licensed agents? And what about handling those 11 offers which come in using a software package used by virtually all agents, not available to sellers? It would be rather awkward, don’t you think, to conduct the bidding war and end up with as good a result?

Do you have questions?  Give us a call.

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is Net Zero Energy since December 2017, and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills. View all posts by Golden Real Estate, Inc.