6 Tips of Why You Don't Want to Sell Your Own Home


Manage episode 188361488 series 1075929
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There are a lot of challenges to selling your home on your own. Here are just a few of them.

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Every year, tens of thousands of homeowners attempt to sell their own homes. If you’re thinking about it, here are six things that most FSBO (For Sale By Owner) home sellers forget that you’ll need to know in order to have a successful sale:

1. Complete the paperwork. 82% of those surveyed had no idea about all the different contracts involved and how to do the paperwork that is specific to where they live. If you don’t know, it could be a huge liability.

2. Getting the right price. Most people have no idea what the true value of their home is because they don’t know anything about the market and how homes are valued within it. Using Zillow or any other online home value estimator based on data alone isn’t a good way to figure out your home’s market value.

3. Fixing up your home for sale. There are certain things, including staging and curb appeal, that you’re only going to be able to get with the agent. You simply don’t have that expertise on your own unless you’re a real estate professional yourself.

4. Attracting potential buyers. 94% of FSBO sellers surveyed don’t know how to properly attract a buyer. Most FSBO sellers just put a sign in their yard and hope buyers see it. The thousands of agents here in our market know how to get that home listed on the local MLS so that thousands of buyers are exposed to it every day.

5. Selling within the planned time. If you’re looking to sell your home in a short amount of time, selling FSBO isn’t the best route. It will take at least 90 to 120 days. With a real estate agent, you’ll be able to expedite your sale.

It can get overwhelming quickly if you aren’t experienced.

6. Energy and effort. Unless you are in this business full-time, you have no idea how much energy and effort it takes to get a home sold. With all the paperwork, marketing, and communication involved, it can get overwhelming quickly if you aren’t experienced.

If you have any questions for us or want our help to make your home sale a breeze, give us a call or send us an email. We look forward to hearing from you.

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