If you do the above, you can sell your house within a week, or less, if you price it correctly. Heck, ask one of our Pigg Realtors, maybe SDR, if they can help you or recommend someone.
Good luck![/quote]
This reminds me of a piece from Freakonomics that compared homes listed by RE agents on behalf of clients vs. homes owned by RE agents and listed on their own behalf. Using lots and lots of data, the authors of the study found that RE agents, on average, left their homes on the market 10 days longer when it was their own home, and RE agent owned homes sold for 3% more than matched controls.
One might wonder whether the extra 3% was a result of RE agents knowing how to stage their homes in a way that led to higher prices, but then the extra 10 days on the market would not make sense.
One thing that I got out of law school that relates to many many things in life is the concept of an agency cost. Whenever you pay someone else to do something, the cost includes not only the money you pay them, but the difference in the job that gets done (might be better, might be worse) compared to the case where you did the job yourself or if you chose a different “agent”. For example, when we pay someone to clean our carpets, they want to go fast and they usually leave a lot of soap behind that attracts new dirt quickly. If we do it ourselves, it takes a few house/room but the carpet stays cleaner longer. You only have so many hours in a day, though, so overall it might be better to have them come every three months rather than taking the time to do it yourself every six. So, what was the cost of using this agent – even though s/he didn’t receive any $? Paramount’s time and frustration, the carrying cost of the house while it was empty, and the possible loss of a profitable sale.
I also think that purchasers expect to get a deal when a house is FSBO, while the sellers think they are going to keep the money that they otherwise would have paid an agent. So I think it leads to more contention between the parties.
