Thinking of Selling Your Home? 5 Reasons Why You Shouldn’t For Sale by Owner
Are you ready for 2016? We want to take a moment to thank your business in 2015.
In this day and age, homes are selling and prices are rising. This may lead you to think that you could sell your home all by yourself as a FSBO, or a For Sale by Owner. The truth is that there are many reasons why you should try and avoid this at all costs, and some of these reasons can be found below.
When you try and sell your home yourself, you will find that you need to talk with the buyer because they want the best possible deal and you will need to talk with the agent who is representing the buyer as well. On top of this, you will also need to talk with the buyer’s attorney and the companies who want to inspect your home. If there is an appraiser involved, they will want to question the value and this can become very overwhelming, very quickly.
2- Prospective Buyers
Studies have shown that nearly 88% of buyers choose to go online when they are looking for a new property. Only 21% actually go for a newspaper advertisement and this is all because the times are changing. A real estate advisor will be able to talk you through this but the truth is that they will do so much for you in terms of advertising and this just isn’t something that you will be able to do by yourself
3- Internet Results
Studies show that 43% of buyers also found their home on the internet. For this reason, you can’t just put a sign up in your front yard and expect people to come and have a look.
4- FSBOing is Difficult
The paperwork involved with selling a property has become increasingly difficult ever since disclosures have become mandatory. Proof of this is because the people who do FSBO have dropped from 19% to 9% in the last two decades and this something that you really do need to keep in consideration.
5- Agents and Money
A lot of homeowners believe that if they sell their home by themselves that they will get more money but the truth is that a lot of buyers that do sell by themselves actually end up losing out on money because of the costly mistakes that they make. If you believe that you are one of the homeowners that won’t end up making a mistake because you have done plenty of research then believe it or not, you have already made the same mistake that hundreds of homeowners make every year. Research never surpasses experience and this is certainly something that a realtor can offer you and it is certainly something that could benefit you and the quest to sell your home
So as you can see, it is actually a better idea to hire a realtor when selling your home as opposed to trying to do it all yourself. You’d be surprised at what benefits they can offer you and at the end of the day, they can actually help you to make more money as well and this is still the case when you take off the commission that you need to pay them. A realtor can also help you to avoid problems with buyers and they are also experienced with knowing the state laws which could affect your property so if you have a property abroad or if you want to sell your home quickly and efficiently then you know you can count on them to give you the help you need to get it all done.