Many home sellers believe that if they can sell their home without a professional Realtor, they can save money on commissions and fee’s. Often that is not the case. The Mike Z Team are real estate professionals in Southwest Florida and we see about 80% of For Sale By Owner listings eventually end up enlisting the services of a Realtor. Which means instead of hiring a Realtor up front they spent time and money marketing the home themselves, incurring additional costs such as advertising, flyers, signs, and more. These costs add up to hundreds of dollars. If the home owner is able to procure a contract on their own, it is highly likely the buyer will be represented by a Realtor and will need to be compensated, usually half of what a listing agent would have been paid. In addition, since the homeowner does not have a Realtor, they will have to hire an attorney for an hourly fee. The biggest difference between using an Attorney vs. a Realtor is even if the deal falls apart you still need to pay your attorneys steep hourly fee’s. Check out below which Condos sold in Park Shore in February 2016:
4000 Gulf Shore Blvd N #1900, Venitian Villas, Naples: 3 Bed, 3 Bath, 2,765 Sqft, 2nd Floor, 1 Car Garage, Sold for $1,695,000 in 117 days
4551 Gulf Shore Blvd N #PH-5, Esplanade Club, Naples: 2 Bed, 2 Bath, 1,829 Sqft, 19th Floor, 2 Car Garage, Sold for $1,320,000 in 12 days
4651 Gulf Shore Blvd N #202, Vistas At Park Shore, Naples: 2 Bed, 2 Bath, 1,523 Sqft, 2nd Floor, 1 Car Garage, Sold for $1,250,000 in 56 days
4001 Gulf Shore Blvd N #801, Surfsedge, Naples: 2+Den, 2 Full Bath, 1 Half Bath, 1,643 Sqft, 8th Floor, Sold for $1,150,000 in 1 day
4001 Gulf Shore Blvd N #903, Surfsedge, Naples: 2 Bed, 2 Bath, 1,267 Sqft, 10th Floor, Sold for $915,000 in 67 days
144 Colonade Cir #703, Colonade, Naples: 3 Bed, 2 Full Bath, 1 Half Bath, 2,439 Sqft, 2nd Floor, 1 Car Garage, Sold for $880,000 in 45 days
4200 Belair Ln #304, Harborside Terrace, Naples: 2 Bed, 2 Bath, 1,272 Sqft, 3rd Floor, Sold for $279,000 in 49 days
788 Park Shore Dr #D13, Hidden Lake Villas, Naples: 2 Bed, 2 Bath, 1,015 Sqft, 1st Floor, Sold for $250,000 in 36 days
Consider this, what is your time worth? There is a lot that goes into finding a buyer and getting a property sold. Frankly, if it were easy and free of problems, there would be no need for Realtors, but that just isn’t the case. Often, a Realtors experience is what gets a deal to the closing table. For more information on Park Shore, or similar Naples Communities such as Pelican Bay, Moorings, and Olde Naples, Contact The Mike Z Team today at 239-325-6490 or mikezrealty@gmail.com.