In today’ s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner(FSBO).There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers Recent studies have shown that 94 % of buyers search online for a home.That is in comparison to only 17 % looking at print newspaper ads.Most real estate agents have an internet strategy to promote the sale of your home.Do you ? 2. Results Come from the Internet Where did buyers find the home they actually purchased ? 51 % on the internet 34 % from a Real Estate Agent 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. 3. 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 interest 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. FSBOing Has Become More And More Difficult
Bottom Line: Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.
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