What is a FSBO (For Sale by Owner)?
This is a term used to describe homeowners who try to go it alone, and not use a REALTOR® to sell their home. To help you decide whether or not to try selling your home yourself, consider the following:
Will you really ‘save’ the real estate commission?
When buyers see a home for sale ‘by the owner’, they see a bargain. They imagine the REALTORS® fee going into their pocket, not yours. Buyers will expect a discounted price, because they assume you are not paying a fee to sell, so you should be more willing to lower your price.
Are you familiar with real estate law?
Complicated and ever changing, real estate law governs nearly every phase of selling your home. One missed step, and an entire deal can fall through, or worse, you may be sued by the buyer. A REALTOR® understands real estate law and will help you put together a legal sale.
How many potential buyers will you reach?
You need the resources and sphere of influences that only can be provided by a REALTOR® in order to sell your home for a good price. If you are not successful in selling on your own, all the money that you spent on advertising will be lost. When you hire a RE/MAX® LifeStyles – Langley REALTOR®, you will only pay for the REALTOR® services if your home is sold.
Do you have the time?
Your time is valuable! Promoting a home is a full time job. A REALTOR® can save you lots of time for open houses, taking calls, and finding qualified buyers for your home.
Do you know the market well enough to get the most for your home?
Many for sale by owner properties are priced too high or too low. A REALTOR® is likely to sell your home for more money, they have experience on their side, and a much wider exposure to potential buyers then you do.
Do you have the selling skills necessary to sell your home?
When you try to sell your own home, looking at it objectively is very difficult. A REALTOR® is an expert at obtaining objective feedback from buyers and other REALTORS® that can help you sell your home.
Do you have the negotiation skills to keep a deal on track?
An experienced REALTOR® will keep the negotiating at a professional level to ensure that you achieve the results you are looking for.
A quality Real Estate Representative does not cost, it pays! Talk to your RE/MAX Lifestyles Realty — Langley REALTOR® today.