PSRA PROPERTIES
LET US HELP YOU SAVE MONEY
With Colorado's growing and vibrant real estate market, some homeowners might consider trying to sell their home on their own, For Sale by Owner (FSBO). Homeowners have two options, hire a real estate agent or sell it themselves .
NOT SO FAST! Here are five reasons why this may not be a good idea.
1. Many Variations of Negotiating or sale
The hardball buyer who nitpicks you to a better deal before and after the inspection
An aggresive buyer’s agent who serves the best interest of the buyer
A banker agent who seves the best interest of the bank and it's lenders
The buyer represented inspection company, who seems to always find costly problems and ultimately at a cost to you or deductions
The closing appraiser with complicated and time consuming questions such as pricing value
2. What is Your Marketing Plan Exposure for Prospective Buyers
Newspaper
Yard signs
Internet
Flyers
Social media
Most home buyers purchase from a posting on the internet that ultimately lead to a listing agent
Selling your house by just putting up a yard sign and an ad in the town paper are long gone, almost everyone sees the news on TV, internet, cell phone, today's modern marketing has made the paper obsolete. Having a strong internet strategy is crucial.
3. For Sale By Owner has Become Difficult
The logistics and complicated process involved in selling and buying a home can be overwhelming with industry mandatory disclosures and regulations. Play it safe or possibly make costly mistakes?
4. You Net More Money Selling It Yourself?
Many homeowners believe that they will save on the commission by selling on their own, maybe or it may cost you. With many of the complicated laws and forms in buying and selling. If you reduced your set price to make the sale, you may have already lost money and that is if you set the asking price based on your market pricing research. For the inexperienced, selling it yourself with lengthy contracts can be complicated and costly if you miss deadlines or stumble with decisions on home inspections among many other error possibilities such as pre-listing home preparation. Selling on your own might not make sense.
5. Set Showings And Showing Your Home
Setting a time that works for you or for the prospective buyer
Holiday showings
Weekend showings
After work showings
The inconvenience of showing can be extremely hard on you, and the family, with not just one prospective buyer but the many seemingly endless requests to show your home from real estate agents, neighbors and the who knows who. Safety can always be a concern as a FSBO a person never knows who their offering entry into their home and all you personal possessions..
Bottom Line
Before you decide to take on the challenges of selling your home on your own, sit with a real estate professional in your marketplace and see what they have to offer.