Why not to list as "For Sale by Owner"

In today's market, more and more home prices are selling for at or above asking price. In fact, California Association of Realtor's sent a report stating in 2013 around 50% of homes sold something over asking price. When we see a market increase so rapidly, we also see a trend in "For Sale by Owner" homes. Below is a list of just a few reasons it is a good idea to avoid listing your house as a house that is "For sale by owner": 1. For Sale By Owner listings sales prices, statistically show a sales price of 13% less than those represented by a qualified professional. 2. For Sale By Owner's do not have the same Error and Omissions insurance coverage that they would have if represented by a broker. Should something go wrong, you will be exactly where you started - on your own! 3. Advertising locally and on the web is easier with a licensed professional. The cost of one print ad for a single for sale by owner is far more than an agent who has a contract for advertisements on a regular basis. 4. Coordinating your own showings leaves you open to anyone, without pre-screening for qualifications or intentions. Realtors are trained in pre-screening, pre-qualifying and assessing the real buyers from the not so real. 5. Last, your REALTOR is your guide through a very difficult and often convoluted process. Would you go to a friend for medical advice if they were not a doctor? Probably not. Selling your house should be done by a licensed professional for the best results! As always, I am here to help or answer any questions you may have! ~ Stacy