1. Do you make more money by selling your home yourself?
No. In 2004, the median price of FSBO-sold homes was 15.4% lower, when compared to
the price of agent-sold homes. Thus, people who want to save money by not having an
agent are actually losing money, not saving it. After all, it is what you GET, or NET, that
counts when selling a home; not what you SAVE. Agents can show your home to more
people and thus often have people competing for your home, which ups the price.
2. Many pitfalls await For Sale By Owner sellers today that weren’t there before.
a. A bewildering array of complexities and arcane paperwork is required.
b. Buyers are more inclined to sue FSBO sellers if something was not disclosed
beforehand.
c. It requires a tremendous amount of time to sell a home yourself; you are almost always
on call.
d. Great property risk is involved. People who are skilled at theft during home showings
and open houses may steal your goods from your home. You have to keep EVERYTHING
valuable all locked up all the time.
e. Great personal bodily risk is involved. You will be routinely letting strangers come in
contact with you and your family members, out of sight of the street, and capable of locking
you inside your own home and taking over. Is that really worth it?
Kevin Says:
“If you still want to sell your home yourself, go ahead, but it might be worth re-reading the
above. However, if you DO go ahead and try to sell your home “for sale by owner” as a
FSBO, give me a call and I will give you some pointers that are specific to YOUR particular needs, and thus are not shown here. And I’ll be here if you ever need me, too.” Let me save you time selling your home, and negotiating on your behalf with the buyer and his agent once we get them to submit an offer. We’ll make a great team, I just know it! |