This questions come up every now and then when a homeowner is considering putting their home on the market and want to save money. Here's the truth about why to hire a trusted Realtor:

Pros of Hiring an Agent

• Higher Sale Prices: Homes sold by agents typically fetch higher prices than FSBO sales. NAR data shows agent-assisted homes sold for a median price of $345,000 in 2022, compared to $225,000 for FSBO homes.
• Professional Expertise: Agents bring market knowledge, pricing expertise, and negotiation skills that can be valuable in maximizing your sale price
• Time and Effort Savings: Agents handle time-consuming tasks like marketing, showings, paperwork, and negotiations, allowing you to focus on other priorities
• Broader Exposure: Agents have access to the Multiple Listing Service (MLS) and professional networks, potentially attracting more buyers.

Cons of Hiring an Agent

• Commission Costs: You'll typically pay 5-6% of the sale price in agent commissions, split between buyer's and seller's agents
• Less Control: You may have less direct control over pricing, showings, and negotiations when working with an agent

Pros of FSBO

• Potential Cost Savings: You can save on the listing agent's commission, typically around 2.5-3% of the sale price
• Direct Control: You have full control over the sale process, including pricing, showings, and negotiations

Cons of FSBO

• Lower Sale Prices: FSBO homes often sell for less than agent-assisted sales, potentially negating commission savings.
• Time and Effort Required: Selling a home involves significant work in marketing, showings, paperwork, and negotiations
• Legal Risks: Without professional guidance, you may be more vulnerable to legal issues related to disclosures and contracts
• Limited Exposure: FSBO listings may attract fewer potential buyers compared to agent-listed properties.

Given these factors, hiring a real estate agent is often the better choice for most sellers in Sonoma County, especially if you're not experienced in real estate transactions. However, if you have a strong understanding of the local market, are willing to invest significant time and effort, and potentially have a buyer already lined up, FSBO could be a viable option. Consider consulting with a real estate professional to discuss your specific situation before making a decision.