FSBO, or For sale by Owner is a real estate term, to identify a property that is for sale without a real estate agent or broker representation. Homeowners make use of the services of marketing through online listing companies or market their own property. However, a lot of surveys suggest that the disadvantages associated to FSBO property far outweigh its advantages. Figures show that as little as 6-7% of properties are sold through this mechanism.
There are a lot of successful FSBO stories out there that motivates potential home sellers to list their property at Homes for Sale in Lehi all by themselves. These stories made a lot of people believe that FSBO is a chance for them to sell their homes. However, homes are not just an investment; it?s a big investment and is truly worth consulting a financial adviser, or an agent.
Here are the reasons why you need an expert in selling your property and that employing a Realtor is better than FSBO.
FSBO buyers are not even qualified buyers. They are actually bargain hunters who expect you to lower your price because they knew you are not paying any commissions.
FSBO sellers don?t know how to negotiate the best deal for their foreclosed homes because they are emotionally attached and think it has a greater value than it really has.
FSBO sellers are not that familiar with the real estate market so they are not that familiar with the buyers? needs and wants, mortgage loans procedures, and solving complex real estate requirements.
FSBO sellers are at risk of spending the funds, and of lawsuit procedures because they are not familiar with legal forms, or real estate laws and proceedings.
Save time, save money, save effort. Hire a Realtor and sell your home right. Selling your house through FSBO is not an easy process but with a Realtor, a broker, or an agent, you are sure that you can get what you have paid for because you can?t afford NOT to get a real estate agent to represent you when you buy a home.
If you?ve been thinking of selling your home all by yourself, think twice. Condos in Mesa Arizona deserve careful marketing and selling. With agents, you are sure that selling Homes in Peoria AZ will turn into a success.
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Source: http://nasdaqreportnews.com/2012/03/22/how-not-to-sell-your-own-home/
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