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Why You Should Not For Sale By Owner

In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). Exposure to Prospective Buyers According to NAR’s 2018 Profile of Home Buyers and Sellers, 95% of buyers searched online for a home last year. Most real estate agents have an Internet strategy to promote the sale of your home, do you? 50% on the Internet 28% from a real estate agent 7% from a yard sign 1% from newspapers The days of selling your house by putting out a lawn sign or putting an ad in the paper are long gone. There Are Too Many People to Negotiate With Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner: The buyer who wants the best deal possible The buyer’s agent who solely represents the best interests of the buyer The buyer’s attorney (in some parts of the country) The home inspection companies, which work for the buyer and will almost always find some problems with the house The appraiser if there is a question of value 4. You Net More Money When Using an Agent Many homeowners believe that they can save on the real estate commission by selling on their own, but they don’t realize that the main reason buyers look at FSBOs is because they also believe that they can save on the real estate agent’s commission. The seller and buyer can’t both save the commission. One of the main reasons for the price difference at the time of sale is that, “Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more? Members: Sign in now to set up your Personalized Posts & start sharing today!