Thinking of selling your home yourself? You may have on occasion seen a FSBO sign (For Sale By Owner). Before you decide to take on this significant and legally complicated process consider these important facts.
FSBO's have limited exposure to potential buyers (less than 10% of what a good real estate broker will generate). This means your home could take ten to fifteen times longer to sell on the market.
A Real Estate Agent will list your home with MLS (Multiple Listing Service), the most comprehensive listing of homes for sale. You cannot get full access to MLS without the help of a Realtor.
Most buyers work with agents, searching through MLS listings. If you don't list with an agent, most buyers will never see or hear about your home. It's hard to find that "right" buyer or get top dollar when you're invisible to most of the market.
FSBOs get lower offers. It's only logical. The buyer believes you'll take less because you're saving the commission!
You pay advertising. All the costs the Real Estate office normally pays are yours if you sell it yourself. How much will you spend on ads if it takes a year to sell?
Once your home is listed, you have every other Realtor in town working for you as they determine if it's a fit for their clients. This means more screened and qualified buyers.
What's your home worth? Figuring out your asking price is a science, not an art. Realtors have access to the right resources in order to get the job done right.
You may not be a good salesperson. How do you develop rapport and properly answer objections? Will your defensiveness scare off a buyer who criticizes your home? Think back to your own purchases. A good salesperson makes a difference.
Realtors have access to the most up-to-date forms needed for a legal transaction, and prepare all of the contracts, disclosures, addendums, and agreements for you.
Your Realtor can help review all paperwork received from the other party to ensure all I's are dotted and T's are crossed. This may save you from a lawsuit.
From school rankings to future growth plans, use a Realtors experience and knowledge to date to help determine if it's the right place for you.
As most local buyers now retain an experienced Real Estate Sales Professional to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.
You can see why most "FSBO" sellers eventually turn to a real estate agent for help. You can learn to do many of the things an agent does, but is it worth it to spend all that time and maybe not even save any money? Don't sell it yourself unless you really know what you're doing, and ready for the hassle. For more information on visit on selling yourself visit this site http://www.dont-it-yourself.com .
When listing with Team Lorimer your property gets exposure through these popular web sites and local publications.
The Kitchener-Waterloo Record Real Estate Weekly The Real Estate Book
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