Even in a seller's market like Northwest or Northern Arkansas, it's smart to look at your options and see what will actually help you best reach your goals with the sale of your Northwest or Northern Arkansas house. It's important to know your options when selling a house. Dive in and learn the differences when you hire Terherst Realty, sell yourself, or a cut-rate limited service agent.

Working With Terherst Realty 

Time To Sell:  Lower average days on market (under 50)

Typical Sales Price: Houses sell for 13% higher prices* when working w/ a broker vs. FSBO

Marketing Costs: $0 - We pay for all marketing and do all of the marketing work

Types Of Marketing Included: MLS listing, professional yard sign, our team of buyers agents, featured online listings, open house if necessary, and more!

Time Commitment From You:  Very little. We want this to be as hands-off as possible for you so you can enjoy the process.

Fees / Commissions:  Competitive commission structure. But we save you time, headache, and stats show we can help you sell for a higher price vs. FSBO

Legal / Contract / Advice:  100% included. We handle all of the contracts, documents, setting up escrow and closing, and more! We worry about the details so you can relax

For Sale By Owner 

Time To Sell:   Studies show selling yourself adds on average 20+ days to the time to sell the house**

Typical Sales Price: 13% less* than an experienced agent is able to negotiate

Marketing Costs: $500 - $2,000+ in ads, yard signs, and more. 

Types Of Marketing Included: None. You'll need to purchase all of your marketing separately.

Time Commitment From You:  3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc.

Fees / Commissions:  Competitive commission structure. $100-$1,000 for materials and FSBO website listings.

Legal / Contract / Advice:  You are responsible for all contracts, escrow, and legal details to ensure the closing happens correctly and legally.

Cut Rate Agents    

Time To Sell:  Depends on how comprehensive the service is to help market and negotiate the home

Typical Sales Price: Depends if their service includes full negotiation services or not

Marketing Costs: $500 - $2,000+ in ads, yard sign, and more.

Types Of Marketing Included:  MLS, other marketing usually extra

 Time Commitment From You:  3-5+ hours per week including showing the house, open houses, marketing, putting out signs, etc. 

 Fees / Commissions:  Competitive commission structure. Flat fee or reduced commission for reduced services and assistance. 

 Legal / Contract / Advice:  Not always included, when it is it may be limited. Ask the agent what they include and will not include. 

At the end of the day we always advise our clients to put a value to your time and energy that it will take to sell a local Northwest or Northern Arkansas house yourself. If it takes you 30 hours of your time (at minimum) and you value your time, that alone is thousands of dollars in real value, not to mention the lost time. Add up the research showing how a full service agent who is experienced in local Northwest or Northern Arkansas real estate can help sell your house on average 20 days faster and for 13% more, and that's why 89% of home sellers work with a local real estate broker like Terherst Realty to help you sell your home.

Ready to get started? Give us a call at (870) 437-2965 or connect with us on our Contact Page.

When selling your Northwest or Northern Arkansas house, make your decision on what's right for you based on these 3 important factors.

1. The true costs: Often times people look at the commissions for an agent as a necessary evil to sell your home. But, when you partner with the right Northwest or Northern Arkansas real estate agents, that agent is the expert in your corner to protect your best interests. If a property takes longer to sell, a buyer backs out, you misstep because of a mistake in the contract that could cost you money, paying buyers agent commissions... all of those things add up to the true cost of selling your house.
2. Your time commitment: Do you want to be (and have the time to be) heavily involved in all aspects of selling the house? From marketing, to taking calls from buyers, to showing the house, doing your own open house, putting signs outside, to setting up escrow, and more? All so you can save 2 or 3% on the sale. Just calculate what your time and energy is worth and where you should best focus your time. If you'd rather not hassle with the details of your house sale, work with a trusted agent like Terherst Realty.
3. The "experience factor": There are hangups that can throw your closing off or cost you thousands. We help you avoid those and we deal with them for you.

Sources:  

* 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.