When selling your home, one of the options you have is to take it on yourself and be a ‘For Sale by Owner’ or FSBO. This might sound good at first…but in dealing with a real estate transaction, there are many reasons to start with a professional Real Estate Agent.
Everyone is trying to Save the SAME Commission
Buyers know the seller is not paying a commission, so they make a lower offer thinking they can save the commission off their purchase price.
FSBO’s ATTRACT Bargain Hunters and Speculators
Many opportunist believe–rightly or wrongly–that For Sale by Owners are uninformed about the marketplace. Since you don’t have representation, they think they have a better chance of slipping a low-ball offer past you than past an agent working with a homeowner whose property is listed.
Buyers, Unsure of Property Values, WILL OFFER LESS
Since most buyers in the market are working with an agent, they will likely never see your home. That only leaves you a small pool of buyers, the ones that are not represented by an agent. With no one to advise them on what constitutes a fair offer for your property, they are likely to throw out a lower offer, to “leave room for negotiations”.
FSBO’s Have LESS EXPOSURE to Potential Buyers
At any given time, your FSBO property is competing with more than 1,500 properties listed with Realtor’s in the Sacramento County. The Real Estate Industry does an excellent job of advertising and marketing these listings to potential buyers. This means that the most serious buyers are scooped up by Real Estate Professionals. What is left behind are largely buyer prospects who are uninformed, hard to please, and those looking for an unrealistic “good deal”, all of which normally result in lower offers on your property.
Tough Negotiators SEEK OUT FSBO’s
People who believe they are tough negotiators like to make offers on FSBO’s. They think they will have an upper hand with dealing with an “amateur”. Those who don’t like to haggle or believe they are poor negotiators tend to seek out a Realtor to represent them in their home purchase.
Don’t hesitate to let us assist you in the sale and possible purchase of your home! We are on your side and working for YOU so you get the highest price in the shortest amount of time. Let’s get started!
Contact Lori Mode & Bruce Durham of Keller Williams Elk Grove at 916-405-5737 begin_of_the_skype_highlighting 916-405-5737 end_of_the_skype_highlighting
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