If you have been planning on selling your home and done your research, then you know that the most common advice out there is not to go FSBO. Even if it is not put that way, the bottom line of most information on FSBO will generally discourage you into thinking your chances of success are slim to none. Well, in this post, we will help you to examine just what it is that could ruin your chances of making a good sale if you choose to go the FSBO way, and how you can actually be successful at it.
First of all, let us look at some of the reasons why selling well through FSBO is considered difficult, if not impossible. Bill Gasset explores the pros and cons of FSBO:
Pros And Cons Of FSBO
As a home seller, you naturally want to make as much money as you can from the sale of your home. You may be thinking about selling a home yourself to avoid paying a real estate agent, which is understandable. You may wind up making more money overall.
However, there are some cons to selling for sale by owner without the help of an agent. Make sure you know the drawbacks as well as the benefits to the for sale by owner process before you take the leap.
Frankly, real estate agents do make a lot of money. Having been in the business for thirty years, I realize this.
I would never blame an owner for trying to save money by selling their own home. Just be sure you realize selling a home for sale by owner is a lot harder than you think! Read more at Max Real Estate Exposure…
The above post is probably only confirming your worst fears. The issues associated with cost, time and marketing are real. However, as with most challenges, there is a way out.
One of the main reasons you may be thinking of FSBO is your desire to save some money. Many homeowners are not aware of the actual costs of selling a home. Daniel Bortz reveals them here:
7 Hidden Costs of Selling a Home
Ready to put your home on the market? You’re probably already picturing the dollars pouring into your bank account—after all, home prices are rising in many markets across the country, and odds are pretty good that your home has appreciated over the years. So it only makes sense that you’d stand to make a profit, right?
But what’s easy to forget is selling a home costs money, too—sometimes a lot of money. This is what’s known as a reality check.
There are some obvious costs you’ve probably anticipated, like commissions to the listing and buyer’s agents (which typically amount to 5% to 6% of your home’s price). But there is also a variety of smaller expenses to factor in. Here’s where your money might go, how much you should expect to pay, and some real ways to curb these costs. Read more at Realtor…
In other words, hidden costs are one of the reasons people don’t end up successfully selling their homes through FSBO. Fortunately, there are ways to avoid these costs.
So far, we have found out some of the issues associated with FSBO; lots of uncertainty, difficulty in marketing as well as hidden costs, which can be a huge disappointment. The following post should also help dispel some of the myths about selling your home:
3 Myths About Selling Your Home
Benjamin Franklin once advised, “Believe none of what you hear and only half of what you see.”
Though he probably wasn’t referring to home ownership, this counsel is as true in real estate as it is in life. Still, we’re bound to believe what we’re told — until we’re told better.
As a home seller, you’ll run into a myriad of myths. And that’s OK — as long as you take a moment to find out what information could be missing before you make the next move. Here are three prevailing myths to keep you in check during the process.
Myth #1: You can’t sell your house without a Realtor.
Says who? Selling your home without an agent not only means more money in your pocket, it also means having the freedom to do things your way. And you’re not alone. Read more at ForSaleByOwner…
It should be clear that FSBO is actually a feasible option for selling your home. If done right, you could actually walk away happy. However, if putting up cash to repair your home means that the numbers will not work in your favor, we have exciting news for you! You also have the option of selling your home without incurring the repair costs that come with FSBO.
At Sell Fast Fair Offer, you can sell your home (as is) to us. In addition, the entire process will be completed in the shortest time possible, with no marketing or advertising required. If you think that’s sounds good, guess what? We will even pay your seller’s fees if hidden costs are freaking you out. Yes, you can successfully sell your home. We will relieve you of the struggle of selling your home and buy it ourselves – no sweat! Go ahead and give us a call.