“You get what you pay for,” she said. “If you get an experienced agent who knows how to negotiate, who spends money on advertising, who can do the open houses, who ensures they have a legitimate buyer, then you’re way better off than selling by owner.”
She also points to the liability issue - private sellers often don’t know what to look for when drafting and reviewing the legal documents. She also says that negotiating for yourself is harder than most people think; even she won’t sell her own properties.
“When I work for a client, I work with my brain,” she said. “But when you work for yourself, you work with your heart.”
Brokers whose clients are interested in this low-cost offering would be best served to manage their expectations; while the client may save money more work may be required on their part to close the deal.