Should you go the “For Sale By Owner” route? You may think that you save money by not hiring an agent, but the FSBO process can cost you.
Listing your home as “For Sale By Owner” may not be the most advantageous way to sell your home. Even though you think you’re saving money, you may actually end up losing money in the long run.
Selling your home as a FSBO property is actually a daunting task, as there are 115 different variables in the selling process that have to be proactively managed if you want to get top dollar for your home.
Going the FSBO route with no marketing experience, expertise in the market, or insurance to cover things that may go wrong is very risky. You could wind up leaving a lot of money on the table or setting yourself up for failure.
When selling your home, ultimately the final sales price is a function of supply and demand. When you try to sell your home as “For Sale By Owner,” you are not able to generate the level of demand that a professional real estate agent would, which ultimately lowers your sales price.
“Work with a professional real estate agent to sell faster and for more money.”
In fact, about four months ago a lady was trying to sell her home at $510,000 in West Ashley. When the home failed to sell, she called us. We came in and showed her some things we would change with the marketing and presentation of the property. We even took her price up an additional $30,000. She had been trying to sell her home for a couple months, but we sold it in 10 days and for more money than she originally planned.
She sold her home faster and for more money once she hired me, a professional real estate agent. At the end of the day, net proceeds are the only thing a seller cares about.
That’s why the FSBO route can be so challenging. I recommend calling a professional real estate agent. They will give you expert advice to sell your home quickly and for top dollar. Plus, when you work with an agent you will be protected with insurance and not set up with any liability on your side.
If you have any other questions about selling your home or hiring a real estate agent, give us a call or send us an email. My team and I would be happy to help you!