The excitement of selling a property is extraordinary, but when you get to the point of closing the deal, you face obstacles that make all the enjoyment disappear. Selling a property is a complicated job and everyone that thought of putting that sign - for sale by owner - realized that it would've been better if they left the job to the professionals.
People think that if a property is put for sale by owner, it has more chances to be sold, and when it is sold they'll get a better price for it. It is actually quite the opposite of this - statistics show that an agent who is professional in their job provide better prices and they sell properties faster than when they are for sale by owner.
One thing that is probably the most important in selling your property is the legal stuff. It might look very simple, but once you sell something on your own, you'll realize you simply can't do it without a person that knows and understands all the legal steps. An agent knows exactly what kinds of documents you need, what you need to get the deal sealed, and will probably do all this without you being obligated to do anything.
Many sellers simply don't have the time for all the potential buyers. Chances are big the person that has a property for sale by owner is working from 9 to 5, and won't always be available to meet the needs of the buyers. If an agent is hired, this won't be a problem as agent's job is to show the property that's for sale in the best light and at all times.
If we talk about showing the property in the best light, we're talking about marketing, and this is something that today is most important in selling a property. A modern-day real estate agency has professionals for everything. Your home or the property you're about to sell will undergo a special analysis. This means the company will make professional photographs of the property and will do everything in their power to make it as attractive as possible.
For sale by owner might be a good idea if you still live in the home you're about to sell, but all other situations are best to be handled by a professional. Even then, you'll need someone to do all the paperwork. Unless you've been working in the real estate business, it is much better to hire an agent that knows all the little things and have experience with the subject.
A bottom line of this would be to think thoroughly again if you're planning to sell a property on your own. You might lose more than you can gain just because you thought that there's no logic in giving away money to agents. But think about it, if agents were unnecessary, would they exist on the market? You get the idea, don't you?