Why For Sale By Owner Isn’t For You

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Today’s market is hot! With homes flying off the market and prices rising, some homeowners might consider trying to sell their home on their own, otherwise known as a For Sale by Owner or FSBO. Here are some reasons why you should trust your Shorewest, REALTOR® instead:FSBO InfographicThere are more people involved than just the buyer. You will have to negotiate not only with the buyer who wants the best deal possible but the buyer’s agent who solely represents the needs and wants of the buyer. Also the home inspection companies who also work for the buyer and will most likely find a problem with your home. You might have to work with the appraiser if there is a question of value. All of these people will want your attention when it is convenient for them and you will need to have a timely correspondence.

Internet marketing strategy. Have you thought about where your buyers will find your home? Most real estate agents have a strong internet marketing strategy when it comes to selling homes. 43% of buyers find their home on the internet so having a large online presence is crucial!

FSBOing has become more and more difficult. The paperwork alone in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This doesn’t even cover all of the laws, rules and regulations that every Shorewest, REALTOR® is extensively trained on. They take a 72-hour licensing class and then go through a 2-week intensive training program, and that is just the beginning! Shorewest, REALTORS® are required to take continuing education classes, they have online classes and also national speakers that come visit with varying topics on the latest market trends. They also have a Shorewest coach on hand for any questions or guidance. Our REALTORS® have an extensive support system and have almost a month of training under their belt before they sell or buy homes.

In the end, don’t worry about real estate commission; you will net more money using an agent. Many homeowners think that they will save a lot of money by not using a real estate agent. The truth is that studies have shown that a typical house that is FSBO sells for around $184,000, while a real estate agent will get $225,000 for the same house. This gap is caused by an agent’s intricate knowledge of the real estate system, housing market and how best to brand and sell your home.

FSBO is a complicated and hard venture. Before you take on the challenge of selling your home on your own, sit down with a Shorewest, REALTOR® to see what they have to offer! You might be surprised at how much they can offer you from a free comparative market analysis, pricing your home competitively with market prices, updates on your home and the market conditions, professional staging pictures for an online presence, the list goes on and on! #ShorewestRealtors #SellingYourHome

Source Credit: Keeping Current Matters

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Categories: Home Selling, How to

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