Compare Your Options For Selling Your Wilmington Area House
If you’re ready to sell your house but you’re not sure which is the best option to reach your goals, it’s smart to sit down and compare your options before making a final decision. Dive in below and learn the differences when you hire The Riccio Team, sell a house yourself, or use a cut-rate limited service agent.
|For Sale By Owner||Cut Rate Agents|
|Time To Sell:||Lower average days on market (under 50)||Studies show selling a house yourself adds an average 20+ days to the time on the market.**||It depends. Ask how comprehensive their service is to help market and negotiate the home.|
|Typical Sales Price:||Houses sell for a 13% higher price* when working w/ a broker vs. FSBO.||13% less* than an experienced agent is able to negotiate.||It depends. Ask if their service includes full negotiation services.|
|Marketing Costs:||$0 – we pay for all marketing!||$500 to $2,000+ in ads, yard signs, and more.||$500 to $2,000+ in ads, yard signs, and more.|
|Types Of Marketing Included:||MLS listing, a professional yard sign, our team of buyers agents, featured online listings, open houses, and more!||None. You’ll need to purchase all of your marketing separately.||MLS listing. Other marketing is extra.|
|Time Commitment From You:||Very little. We handle the details so you don’t have to.||3 to 5+ hours per week for showings, open houses, marketing, putting out signs, etc.||3 to 5+ hours per week for showings, open houses, marketing, putting out signs, etc.|
|Fees / Commissions:||Competitive commission structure while also saving you time and stress.||$100 to $1,000 for materials and FSBO website listings.||Flat fee or reduced commission for reduced services and assistance.|
|Legal / Contract / Advice:||100% included. We handle all of the contracts, documents, setting up escrow, closing, and more!||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.|
* 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.
We advise our clients to put a value to your time and energy first before deciding which option is best to sell their Delaware house. If it will take you 30+ hours of your time (at a minimum) to sell a house yourself, that time alone is worth thousands of dollars in real value. When you add in the research that proves that a a full-service agent who is experienced in the local real estate market can help sell your house on average 20 days faster and for 13% more, you begin to see why 89% of homeowners work with a local real estate broker like The Riccio Team.
If you are ready to take the next step to selling your Wilmington area house, give us a call at (302) 999-9880 or connect with us on our Contact Page.
The Peace Of Mind Of Knowing The Riccio Team Is On Your Side
When it comes time to decide how to sell your house, there are three important factors to consider:
- The true cost. Sometimes homeowners look at an agent’s commission as a necessary evil, but if a property takes too long to sell, a buyer backs out, you misstep because of a mistake in the contract, all of these small mistakes can add up to a hefty bill. When you partner with our team of talented real estate agents, you gain an expert in your corner that is there to protect your best interests during the selling process.
- Your time commitment. Most Delaware sellers don’t have the time or energy to be heavily involved in every aspect of their home selling process. Selling a house for the most money possible requires proven and tested marketing, taking calls from buyers day and night, daily showings, open houses, setting up escrow, and more. When you try to sell a house by yourself you may save 2 to 3% on the sale, but once you calculate what your time and energy are worth you will realize what that time cost you. Let The Riccio Team handle the details!
- The “experience factor”. Small errors can escalate into something bigger that may throw off your closing and cost you thousands of dollars. Our knowledge and experience helps you avoid any pitfalls and if a problem does come up, we’ll handle it for you.