5 Reasons You Shouldn’t For Sale by Owner

5 Reasons You Shouldn’t For Sale by Owner

by: The KCM Crew on February 5, 2014

Some homeowners consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). We think there are several reasons this might not be a good idea for the vast majority of sellers.

Here are five of our reasons…

1. 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 FSBO.

• The buyer,
• The buyer’s agent,
• The buyer’s attorney,
• The buyer’s home inspection companies,
• The buyer’s lender’s appraiser and
• Your bank in the case of a short sale

2. Exposure to Prospective Purchasers

Recent studies have shown that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Recent studies have shown that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

4. FSBOing has Become More and More Difficult

Where do buyers find the home they actually purchased?

43% on the internet, 9% from a yard sign & 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

5. You Net More Money when Using an Agent

Studies have shown that the typical house sold by the homeowner sells for $184,000 while the typical house sold by an agent sells for $230,000.   This doesn’t mean that an agent can get $46,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

For the full article… Visit the “Keeping Current Matters” Blog at:  http://www.keepingcurrentmatters.com/2014/02/05/5-reasons-you-shouldnt-for-sale-by-owner

Visit Christopher Tenggren’s Blog again soon at: http://HomesInTheFoxValley.com/blog

5 Reasons You Shouldn’t For Sale by Owner

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