With the all the information available about almost any subject right at your fingertips on the internet, you can be forgiven for thinking that you should be able to take care of your own home sale by yourself. You know your home and your neighborhood, and you cannot imagine how having a professional agent would be necessary. Before you make that decision, read below and learn how trying to do it yourself is such a unfortunate move to make.
Your home needs an internet presence
In the old days, all a home owner needed to do was to plant a for-sale sign in the front yard, print up a few fliers for local bulletin boards and wait for buyers to appear. Of course, it was never that easy, but it's even more of challenge now that most home buyers depend so heavily on the internet for their shopping. Did you know that 92% of potential buyers now use the internet to look for a home? If you haven't searched for homes online lately, you may be shocked at how much information about the home is available, the high quality of the photographs and the slick search methods available online when it comes to professional real estate listings. Listing your home yourself just cannot compete with that.
You only think you are saving money on commissions
One of the main reasons many do-it-yourselfers name for going it alone is the appeal of saving on the commission, which is the amount the real estate agent deducts from the sales price as a fee for services. While it is true that you will save the commission amount, your home may not sell for as high of a price in the first place, which means that you aren't really saving any money at all. Moreover, FSBO homes tend to get lower offers, since buyers realize that you are not having to pay a commission.
There is a lot more to selling a home than just showing it
Not only can you count on a real estate agent to show your home even if you cannot get home from work or are out of town, but those who attempt to sell it themselves often don't anticipate what is involved and the number of issues that must be dealt with, such as:
Home appraisers: your home must meet certain standards and values for lenders to approve of the loan, particularly when you are dealing with government funded mortgages.
Buyer's agents: these specialty real estate professionals work for the buyer only.
Home inspectors: no home is perfect, and a professional real estate agent can help smooth the way toward negotiating a fair solution to any problems with the home found by an inspection.
These are just a few ways that homeowners can get tripped up when selling the home themselves. For more information peak to a local real estate agent.