Advantages and Disadvantages of FSBO

FSBO also known as For Sale By Owner has definite advantages in certain situations. What made it popular to home owners is the cost they save on realtors’ or brokers’ fees. At most, home owners save up to 6% of the asking price when they opt for FSBO. At times, this amount can be tempting enough to forego the realtor’s services. But before you make a decision, let’s take a look at the advantages and disadvantages of going the FSBO route.

Marketing

Realtors have marketing leverage. They can list your home in MLS plus they have contact with other agents through their network which gives you the advantage because you are sure to reach wider prospects. On the other hand, since realtors handle multiple clients at once, you cannot expect them to devote their time on your property alone. It is true that realtors can list your home in MLS but it will only become as one of their many listings.

Property Showing

When you hire a realtor, he will take care of showing your property to prospective buyers. He will help you prepare or stage your house before the showings. He will answer questions from buyers, set up open houses and handle financing and closing issues. With FSBO, you will be doing all these work by yourself.

Money

With FSBO, you can save up to 6% of the asking price. Let’s examine this further by taking a look at these situations:

• You will be paying your own advertising – online listing, local papers, making of signage, flyers, posters, and print ads.
•  You will be paying for an attorney who will be handling the legal issues and drawing up of contracts.
•   If you don’t know how, you will be paying for a consultant who will do the comparative analysis of your home.

Do you think you can still make the most money after examining these costs? Do not forget that when you choose FSBO, you will also invest time and effort in the selling process.

Are you still decided to go with FSBO? You can skip the marketing and property showing and still save on the realtor’s fee by selling your house to private cash investors.

Sell your house for cash to Lucas Properties LLC. Unlike realtors, they do not ask for commission. They take away the strain by taking care of the closing documents making every transaction hassle free.

When You Need To Sell Your House Fast

Most people that market their home for sale on the MLS have got time to kill and are not in a rush to make a sale. This approach doesn’t work for everybody, sometimes you just need to sell your house fast. If you decide to forgo the conventional market you must understand that sticking a sign in the yard and running an ad in the paper won’t make a fast home sale happen. Here we offer some advice on how to sell your house even faster and get that quick sale.

Time to say good-bye for a good buy! Detach your emotions from the house. You need to cut your personal feelings from the house. Say your goodbyes and get busy preparing to sell.

Lighten the load! Now is the perfect time to get rid of the clutter and junk you’ve collected over time. Go through everything and either trash it or donate it.

Pack the personality! Get rid of the personalized effects. Pack away all the personal photographs. You want potential buyers to see themselves in this home and your personal touch keeps it linked to you.

Increase the room sizes! Less furniture makes the rooms bigger. Bigger rooms sell! You may want or need your furniture in your new place, so rent a storage unit for a short time.

Clean till it gleams! Bright and shiny is attractive and sells. Inside and out, clean it, paint it, polish it or replace it. Hiring a professional house cleaner would be a good investment.

Small but effective! Replace door mats and spray room freshener. Clear the kitchen and bathroom counters, empty the dishwasher and trash and put out fresh towels.

Repair or replace it! Cracked tiles and peeling paint are a turn off for potential buyers. Dripping faucets, squeaky or sticky doors and burned out light bulb will turn off buyers!

Outside spruce up sells! Mow, edge and prune. Sweep the side walk, porches and balconies for a quick curb appeal. The outside will invite the buyer to come inside.

View the house as a buyer! Stand outside on the sidewalk and look at your house as if you were buying it. Do you feel welcomed? Once inside do the rooms have an easy flow?

Do a final once over! Take note of the things you noticed while doing your buyer walk thru and then go back through and touch up those things you noticed.

Does all this seem like too much? Sell your house to a network of real estate investors. You can get fast cash for your house without lifting a finger or straightening a picture frame. Going the for sale by owner route is a LOT of work. When you need to sell your house fast, look for the people who buy houses quickly, with no questions asked.

How to Sell Your House Fast

When it comes to successfully selling your house, homeowners need to make an important decision if they want top dollar or if they need to make a fast home sale. Although the condition of a house can be an important factor on the traditional market, it does not have to be the most important and deciding factor in all types of home sales. For home sellers who want to sell their house fast, there are cash home buyers and real estate investors ready to make you an offer and to buy a house fast.

One of the greatest benefits of dealing in fast cash home sales is that the condition of the property is not an issue. Cash home buyers and real estate investors are not going to haggle over repairs. They have experience in assigning an honest value to a property in “as-is” condition and usually only make one cash offer; their final and only cash offer. What a seller needs to realize is that if they want top dollar, then selling on the traditional market and making repairs themselves may be the better way to go.

If you are going for the fast home sale, you will need to do some serious calculations to determine just how much you will need to make on the sale of the property. If you were trying to make a profit, then a fast home sale may not be the best option for you, but if you don’t owe anything on a property, just need to move it quickly for personal reasons or are facing potential foreclosure then going for the “as-is” sale to a cash home buyer could be just the right price you were looking for.

Real estate investors that buy for cash aren’t looking for the great curb appeal or updated kitchen. They have cash to invest and want a quick closing. If you are looking for a fast cash sale, you need to be prepared to move quickly, but there are a few tips that can make selling your home to investors even more appealing and may earn you a few extra looks from first time buyers interested in short sales at the same time.

First, clean out the clutter. Make it easy for any buyer, whether investor or traditional to see what they are getting for their dollar. Nothing too elaborate, just make it easy to see its potential. Second step is to advertise locally. Send out an email to family and friends and put a listing in your local paper for a cash home buyer. Better yet, use the Internet to advertise on your social networks.

Bottom line, when you need to sell your house fast, you are looking for a real estate investor or cash home buyer and in this type of transaction the buyer won’t be looking for charming curb appeal, beautiful wood floors or granite countertops. They are looking for a good price.