For Sale By Owner Real Estate
The recent appreciation in home prices has created so many opportunities for homeowners to sell their homes. In fact, there are two ways of doing it – hiring a real estate agent or listing the house yourself. The for sale by owner or FSBO process has become extremely popular with the availability of websites such as Trulia and Zillow. There is much more information readily available online, and the latest technology has made sale owner real estate quite simple. This article provides important information about the for sale by owner process.
The most important benefit of listing a home for sale by the owner is saving the hefty 6% commission that a real estate agent will charge for selling a home on behalf of a homeowner. This means you save at least $12,000 if you close the deal for $200,000. This money will become a bonus if you sell your home yourself and do not hire a real estate agent for such purposes. This is the main reason why so many homeowners are in favor of the sale owner real estate process. But most people will be selling a home only once or twice within their lifetime. Hence, the majority of them may not be familiar with the finer details of selling a home. This is why you need to consider a few important things when deciding whether to list the home yourself or hire a real estate agent.
Real estate agents have a better knowledge about the local housing market, and they are quite skilled in the negotiation process. These things come with experience in the industry. They may have better marketing tools to deal with potential buyers compared to a homeowner who sells a home once in his/her lifetime. These people really know how to market a house by using photographs. They are skilled in the art of maximizing the value of your home when showing it to prospective buyers. They are aware that buying a home is an emotional process, and they are in a better position to handle the deal compared to the homeowner. There are many buyers who don’t trust the homeowner when it comes to buying a home. This is another advantage of obtaining the services of a real estate agent when selling a home. Also, a real estate agent can have access to qualified buyers compared to a direct homeowner. This is another advantage in selling a home successfully. They will request financial statements to determine the credit worthiness of the buyer, which can help save a lot of time and complete the deal without any issue arising at the last minute. The for sale by owner seller will be on his/her own when requesting for financial statements from prospective buyers.
The time saved for the homeowner is another important advantage of hiring a real estate agent compared to selling a home by yourself. A homeowner will not have enough time to stage the house properly, manage all the phone calls from potential buyers, set up inspections and talk to attorneys at the same time. In fact, selling a home does involve a lot of work. A real estate agent is well experienced in all these processes. On the other hand, it is part of their job. So they are in a position to handle the work much more effectively compared to a homeowner.
All in all, selling the home by yourself or choosing a real estate agent will depend on how motivated and experienced you are in selling your home. In fact, you are the best person to make this important decision.
We hope you enjoyed this information about For Sale By Owner Real Estate. We know selling your home can be stressful but it doesn’t have to be.
IF YOU WANT TO SELL YOUR HOUSE FAST, CONTACT us at HomeSolutionsFla for a full cash offer on your house.