5 reasons Why You should not Sell your Home as a FSBO
In this changing Real Estate market, most homeowners have begun to consider the sale of their home. The first thought in their mind is that they can do it themselves, and in turn save the brokerage fees they would normally pay a Real Estate Broker. The downside of doing this yourself? You face high demand of your time, safety, legal, and financial risks.
Below you will find 5 reasons why hiring a Real Estate Professional is in your best interest.
- Pricing your Home Right
Have you ever wondered how a REALTOR® comes up with the price to sell your home? As a Real Estate Agent, a REALTOR® has access to Multiple Listing Service information (MLS), market data and trends, and Tax Record information that the everyday person does not have access too. With this data, they are able to do a Comparative Market Analysis (CMA) of your home, resulting in an expert and professional selling price of the home, and a bigger net profit for you, the seller.
- Your Safety comes first
Security should be a top reason for you to consider when selling your home as a For Sale By Owner. The majority of the people who will call to visit and view your home will be honest people. However, some will knock on your door at all times of the day without respect of your time, many will wander through your home when you open it for them to view, and others will view your home while not having the best intentions at heart. When selling as a FSBO, Safety is definitely something to consider and to take very seriously. Having a Real Estate Agent working on your side, ensures that showings will be done by appointment only, and only for buyers qualified to purchase your home.
If you keep up with news or events that happen throughout the Country; then you may have heard the stories of couples visiting FSBO homes, and later having those same homes turn out to be victims of robberies. Or maybe the stories of potential buyers going to visit a home and while one buyer is in one part of the home with the seller, the other excuses themselves to the restroom and begins taking valuables around the home. To avoid these kind of incidents from happening to you, it is important to have verifiable buyers come through your home. This is usually accomplished by having a Real Estate Agent working for you, alongside other Real Estate Agents in the industry.
- Preparing your home for Sale
Did you know that studies show that buyers are always looking for a home that is Move-in ready? The best way to prepare your home For Sale is to start by removing all clutter from living spaces throughout the home. You may want to also begin having all small and must-do repairs done, carpets and windows cleaned, adding a fresh coat of paint depending on the age of the home, and paying close attention to Curb Appeal so that you can get future buyers inside your home. Cleaning and maintaining a “Move-in Condition look” will be key to having good showings and a quick sale. Working with a Real Estate Agent will give you an industry advantage, while gaining professional advice on how to prepare and market your home For Sale.
- Disclosures and Contracts
When selling your home, there are many things that need to be disclosed, many inspections that need to be done; all to avoid future legal and financial claims against you. This is probably one of the most important reasons why hiring a REALTOR® is crucial and beneficial to you. As your home goes under contract; there are due diligence periods, inspections, financing time frames, earnest money deposits, among other things; that need to be complied with. All this can be accomplished legally and timely with the help of a Real Estate professional on your side. In the event that a REALTOR® is not hired, seek the professional legal advice of a Real Estate Attorney, to assist you in the sale of your home.
Here is an excellent infographic to demonstrate the process by KeepingCurrentMatters.com.
Do you have any questions or comments? Please let me know!