Many home sellers think they can sell their home themselves. This is called FSBO – For Sale By Owner.
A primary reason for people to do this is to avoid paying the Realtor commission, typically ~ 5%. Is this for you? Read on before you make a decision.
Can you give the home the proper exposure needed?
These days homes sell from the Internet. Studies show that 95% of home buyers start their search for a new home on the internet. The days of putting a sign on the lawn and an ad in the paper are gone. Successful Realtors have an internet marketing strategy. Our strategy starts with exposing your home to prospective buyers on over 1000 web sites. Do you have an internet marketing strategy?
Are you familiar with the necessary paperwork?
Realtor’s have a lot of paperwork that is required to sell a home. As a FSBO, you are subject to the same regulations regarding paperwork. And a FSBO is also subject to the same fines as a Realtor if paperwork is not properly filled out and filed. One particular form calls for a fine of $11,000 if it’s not filled out and signed by the proper people.
As a FSBO, you will need to negotiate with many people, which is something that your Realtor would normally do. These people include, the buyers, the buyer’s Realtor and attorney, the home inspection company, the appraiser and more. Are you prepared to deal with these people?
Most people decide to go the FSBO route in order to save the money that a Realtor would normally receive. In fact, according to the National Association of Realtors, the median price of a home sold by a Realtor is 14% higher than a home sold FSBO. So, if you will probably receive a lower price by selling FSBO, why would you?
Call us, Bunny and Art Reiman at 732-598-7700 before you decide to sell FSBO. Let us explain how we can get your home sold quicker and for a higher price. And then let us do our jobs so that you won’t need to learn how to do our jobs