Continuing on the subject of selling your home, OCCOASTPOPERTIES takes on the why you may consider abdandoning you plans to sell your home yourself.
The for-sale-by-owner, or FSBO, method of selling your home may not be the cost saving windfall you might expect it to be.
Here are reasons that you should consider before throwing your hat into the "FSBO" arena:
Selling without an agent may:
Limit the exposure of your listing to interested buyers.
Cause your property to stay on the market too long without getting offers.
Force you to sell at a price below market value.
Leave you open to liability, if you do not take the proper precautions and have an indepth
understanding of the contracts, inspections, and procedures involved. Today's market demands that you protect yourself from all past, present and future liabilities. A missed disclosure may cost your THOUSANDS of dollars in future lawsuits.
Here are some questions to ask yourself:
Are you pricing your home correctly? Do you know what your home is worth? Do you know how to construct and perform an accurate comparable market analysis (CMA) or will your price be made on your personal feelings?
Can you showcase your home on the Internet with the latest technology and
marketing tools like virtual tours, panoramic pictures, and open homes?
Can you discern who is serious about buying your home vs. just looking around?
Are you knowledgeable about the legal, contractual, and procedural components
involved in real estate transactions?
Do you have the time to arrange appointments and tours for the buyer? If not, how many buyers will you miss and how much will you lose in monthly carrying costs?
If you are not choosing an agent, you will have to be selective in choosing a buyer, skilled in
negotiating the price, inspecting it to avoid problems and gather complete information for an
effective close.
Is commission an issue?
Many sellers feel that they can save the real estate agent’s commission by marketing and sellingthe property themselves.
Pause to consider the following:
The agent’s experience and advice on how to showcase and “stage” your home in
preparation for sale will earn you more than the price of the commission by
commanding a higher selling price. This would include the cost incurred to create flyers, personal property website, newpaper and maganzine ads, etc.
The agent’s ability to market your listing on the Internet and to their personal network
can get you a suitable sale that could save you considerable time on the market.
If your home doesn’t sell, are you prepared to keep it?
How long will it take you to acquire the legal, contractual, and procedural knowledge
of an experienced agent?
If you don’t have this knowledge, how much will your potential mistakes cost you in
terms of liabilities, lawsuits, and future contingencies with the property?
By hiring a specialist, like OCCOASTPROPERTIES, you will save time to focus on the things you do best and spare yourself the possible anxiety, frustration, and regrets of attempting to sell without the necessary knowledge and professional tools to do an outstanding job!
Considering buying or selling your home? Call us today! E-Mail us directly!
Visit us at www.occoastproperties.com
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Century 21 Fine Homes & Estates
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