Are you thinking about selling your house as a For Sale by Owner (FSBO)? If so, know there’s a whole lot more time and expertise needed in that process than you might think. While the idea of doing it all by yourself might seem tempting, it’s important to recognize the challenges you may face if you take it on all by yourself. As a recent article from Bankrate explains:
“Choosing the right price, crafting a compelling listing, marketing to potential buyers, coordinating showings, preparing paperwork: All of these are tasks that, in the absence of a real estate agent, you will have to do yourself.”
Here’s a bit more information on just a few of those things and how you may miss out if you don’t use an agent.
You May Not Price it Right
Pricing your house right is key to a successful sale. I have the experience navigating the housing market and understand the art of pricing a home to sell today. Unfortunately, homeowners who sell on their own often lack this all important experience. That can lead to two common consequences: overpricing or underpricing the house.
An article from Nerd Wallet offers this advice:
“If your home is overpriced, you run the risk of buyers not seeing the listing….But price your house too low and you could end up leaving some serious money on the table. A bargain basement price could also turn some buyers away. They may wonder if there are any underlying problems with the house.”
Don’t run this risk. Instead, partner with me to make sure your house is priced at current market value, so it catches the eyes of eager buyers. This will put your house in a position to make the best first impression possible.
You Don’t Have as Much Experience in Marketing a House
In this digital age, online marketing has become a real game changer. A recent report from the National Association of Realtors explains:
“Among all generations of home buyers, the first step taken in the home search process was to look online for properties.”
When you partner with me you will take advantage of online marketing tools and resources. You will be able to get in front of these tech-savvy house hunters and will boost your chances of a successful sale. But, if you are attempting to sell your house on your own, you might find yourself missing out on the full power of online and social media strategies.
You May Not Be Comfortable Handling All the Back-and-Forth
When yu decide to sell your house, you are not just on a quest to find a buyer, you are also stepping into a world of negotiations. You will have to coordinate with a bunch of people. The buyer, the buyer’s agent, the inspection company, the appraiser, and more. I can make a world of difference in keeping these negotiations on track and sealing the deal.