11/09/2025
Why hire a real estate agent?
Most buyers (around 88%) and sellers (around 89-91%) hire a real estate agent, likely because homes sold with an agent have a higher average sale price and sell faster than For-Sale-By-Owner (FSBO) homes (around 6%). While FSBO sellers save on commission, data shows they face difficulties with pricing, marketing, and paperwork, and their typical home sale price is substantially lower than agent-assisted sales.
Agent vs. no agent: Key performance differences
* Sale price: The typical FSBO home sold for approximately $380,000 in 2024, compared to $435,000 for agent-assisted sales, a difference of $55,000.
* Average time to sell: Homes sold by agents generally sell faster than FSBO homes.
* Most difficult tasks for FSBO sellers:
* Getting the price right
* Selling within the planned timeframe
* Understanding and performing paperwork
* Attracting potential buyers
Why most sellers and buyers choose agents
* Marketing and exposure: Agents have access to the Multiple Listing Service (MLS) and other platforms, providing broader exposure than most FSBO sellers can achieve.
* Expertise: Agents offer expertise in pricing strategy, negotiation, and handling paperwork, which are common challenges for FSBO sellers.
* Time savings: Agents handle marketing, open houses, and buyer qualification, saving sellers time and effort.
Bottom line: A knowledgeable real estate agent will know what's required in your market, helping you avoid delays and costly mistakes.
You are responsible for all aspects of the transaction, including market analysis, negotiations, and paperwork, which can be time-consuming and lead to mistakes.
Be sure to hire an agent who is knowledgeable in the uniqueness of your location, any special aspects of your home or property. If your agent is passionate about your location, it is easier for them to sell a home and location they believe in and have expertise in.
