Is Family and Friends the Best Choice for Selling Your Home?

Is Family and Friends the Best Choice for Selling Your Home?

Many homeowners turn to friends or family members when it comes time to sell their home. However, is this always the best decision?

The National Association of Realtors found that over 60% of sellers rely on referrals from friends or family when choosing an agent. While it's natural to want to support those close to you, it's important to consider the financial implications.

Selling a home with a traditional real estate agent can cost between $10,000 and $30,000 or more. Would you willingly give a family member or friend such a large sum of money without a compelling reason?

The outdated MLS system and associated fees can significantly inflate the cost of selling a home. While you may feel obligated to support a family member or friend, it's important to remember that they may not be the most qualified or cost-effective option.

Consider these factors before choosing a family member or friend as your agent:

• Expertise: Do they have the necessary experience and knowledge to navigate the complex real estate market?

• Negotiation Skills: Can they effectively negotiate on your behalf to secure the best possible deal?

• Cost: Are they charging you the full commission, or are they offering a discount?

By carefully evaluating these factors, you can make an informed decision about who is the best person to represent you in selling your home.