When selling a home, it is important to know when to go from FSBO to using a Realtor. The biggest reason to go from FSBO to a Realtor is when you want to sell your house if it is not selling fast enough. FSBO or for sale by owner can be a great way to sell your home if you have the time and resources to dedicate to selling your home. However, most of us do not have a great deal of time to sell a home. It also takes money and resources to advertise a home. In order to successfully sell a home, you need both of these covered.
If you have not had a great deal of experience in selling homes, you might find that selling your home can be risky and costly. Statistically speaking, the average home that is sold FSBO usually sells to family or friends. There is a percentage of homes that sell FSBO due to hard work and diligence. However that is usually what it takes to sell a home.
When you are calculating the cost of a home that does not sell in a timely manner, you will see that with mortgage payments, advertising, utilities, and upkeep tend to cost more than the commission a professional would receive. The cost of a Realtor is usually covered in the sale price of the home. Most homes sold by Realtors will sell for roughly $12,000 more. Which is similar to the cost of a Realtor.
You will also want to look at the time frame you want to sell your home in. If you have the right tools and connections you will be able to sell your house. Also, if you have enough time for the house to sit while being sold, you will usually sell the house. If however, you do not have a great deal of time to sell your house, you will want to seek the help of a Realtor.
There is a great deal of documentation and legalities that you will need to learn and become aware of. This can make a huge difference in the completion of the closing of a home correctly. If documentation is not completed correctly, there can be time and money loss.
If you do not use a Realtor, you will likely be paying for Attorney fees, and notary fees. Most of the time a professional has these set up for the convenience of their client.
If you want to sell your home yourself, and are determined, there are many tools that may make it easier. You can obtain a market analysis online in order to set a good price on your house.
You can make sure that your home has a good curbside view. In addition you will want to make sure that the inside of the house in sin good repair. Finally you can go through get a quick evaluation here www.myhousevaluez.com to make sure you are in the right ball park on price.
If after a period of time you are not able to sell your home, it may be worth it to hire a professional Realtor to help you complete your real estate transaction.
The biggest determining factor between using a Realtor and going FSBO, is how fast, how much and how? If you have the tools, time and resources you can sell your home FSBO. On the other hand if you do not, it is time to find the help of a Realtor.