Raleigh Residential Real Estate – Reasons Why Sellers Should Have An Agent-Assisted Home Sale Rather Than Selling By-Owner:

Raleigh Residential Real Estate – Reasons Why Sellers Should Have An Agent-Assisted Home Sale Rather Than Selling By-Owner:  

Reason #2 – “By owner” sellers have NO FINANCIAL SAFETY NET.

Sellers have no financial safety net when selling on their own, while agents carry a million dollars or more on every single transaction that they do.  It is noteworthy that real estate agents are highly trained and know what they are doing, and yet they still carry insurance called “Errors and Omissions” insurance.  Sellers selling “by owner” have no insurance to cover them if a buyer comes back in 3-4-5 years and decides to litigate against the seller.  In agent-assisted home sales, it is an agent’s E&O policy that protects the seller’s assets against unintentional errors and non-fraudulent omissions.   Since this is a business transaction and you never know who you are selling to, why would a seller consider doing a transaction without the protection and security of E&O insurance?  It represents the seller’s future, his retirement, his equity, and his future earnings.
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More Information for Home Sellers can be found on our website: The Poling Team