Why You Should NOT “For Sale By Owner”!

midgeco Real Estate , Sellers Tips Leave a Comment

  1. Online Strategy for Prospective Purchasers

Studies have shown that 93% of buyers search online for a home. That’s a pretty staggering number! Most real estate agents have an Internet strategy to promote the sale of your home. Do you?

  1. Results Come from the Internet

According to NAR, here’s where buyers found the homes they actually purchased:

55% on the Internet

28% from a Real Estate Agent

10% Other

6% from a Yard Sign

1% from Newspapers

The days of selling your house by putting up a sign in your yard or placing an ad in the paper are long gone. Having a strong Internet strategy is crucial.

  1. There Are Too Many People to Negotiate With

Here’s a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO:

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interest of the buyer
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser, if there is a question of value
  1. FSBOing Has Become Increasingly Difficult

The paperwork involved in buying or selling a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

  1. You Net More Money When Using an Agent

Many homeowners believe they’ll save the real estate commission by selling on their own, but the seller and buyer can’t both save the commission.

A report by Zillow revealed that FSBOs are inclined to do so because they believe it will save money (46 percent cite this among their top three reasons), but they don’t actually save anything, and eventually end up listing with an agent.

The same report revealed that,

“Some 36% of homeowners attempted to sell without using a realtor & only 11 percent of those sellers—in other words, less than a third…actually sold without an agent.”

It appears working with a real estate professional is the best answer.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, reach out and see how the rock star agents of  Midge & Co can help position you to not only sell your home quickly, without hassle but for its actual worth!

Would you like to learn more about the “Service That Sells”?  CLICK HERE

Midge & Co Innovative Realtors

Voted Houghton Lake Area’s 2019 #1 Choice in Real Estate

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