Think You Should FSBO? Think Again.

So you’ve decided you want to try to to sell your home on your own without the help of a real estate agent?

Here is just a short list of the people that you will have to negotiate with to sell your house:

  • The Buyer
  • The Buyer’s Agent
  • The Buyer’s Bank
  • The Inspection Company
  • The Appraiser
  • The Title Company

You’ll also need to come up with methods to market your home.

How do you buyers look for a house? 

  • 51% Search Online
  • 30% Real Estate Agent
  • 7% Yard Sign
  • 6% Friend, Relative or Neighbor
  • 5% Home Builder or Their Agent
  • 2% Directly From Seller or Knew Seller
  • <1% Newspaper Ad

Are you prepared as a seller to handle these tasks in order to sell your home?

Here are the most difficult tasks for FSBO sellers:

  • Getting the right price: 15%
  • Understanding and performing paperwork: 12%
  • Selling within the planned length of time: 13%
  • Preparing/fixing up home for sale: 9%
  • Having enough time to devote to all aspects of the sale: 3%

When you work with a dedicated and experienced agent, you can net more proceeds in the sale of your home. The typical FSBO sells for $190K where an Agent Assisted sale sells for $249K. In today’s market, over half percent of buyer’s look for their future home in an online search, and our agents have internet strategies to help promote the sale of your house.

Bottom Line:

Before you decide to take on the challenges of selling your house on your own, give us a call to connect you with one of our RE/MAX Real Estate Results agents to see what they can offer you.

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Source: 2017 National Association of REALTORS® Profile of Home Buyers and Sellers

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