Many
home owners are tempted to sell their home bypassing the services and fees of a
real estate agent. Realtor’s fee can be a lot depending on the value of the
property; if home owners can save this money they can sell their home for a few
thousand dollars less. Dropping the price can lead to a quick sale.
Before
you decide to go FSBO (For Sale by Owner), there are potential challenges that
you might want to consider. You need a significant amount of time to sell your own
home. Without a realtor, you need to research about your market condition and
price your house accordingly, you need to make your home as attractive as
possible, you need to plan your advertising, and you need to be available
during showings.
You
can do what an agent can. Realtors market your property to potential buyers and
arrange for showing if any is interested. You can do this too. First, think of
how much you are willing to invest in marketing your property. What marketing
strategies are you going to utilize?
Do
not limit your marketing plan to one method only. Remember, you have to reach as
many buyers as possible. Use any means necessary as long as it stays within
your budget; online listing, personal website, directory listing, flyers, and
social media.
Agents
are not lawyers. If you choose FSBO, hire a real estate lawyer to review contracts
and provide advice on legal issues. A home owner’s common mistake is not disclosing
relevant information about the house. If your house has a history of being
infested by termites, you should let the prospective buyers know about this. Let
them know what has been done about it and what the current situation of your
house is.
Do
you have the time and energy to sell your home? Does bypassing the agent’s fee worth
the hassle? Do not give up just yet. You can still bypass the agent without the
hassle. You can sell your house to a private investor like Lucas Properties.
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