FSBO refers to for sale by owner. It’s a simple enough process, but if you don’t have the right connections, it will take forever for the sale to finalize. According to a survey by NAR, FSBO homes were sold faster than agent-assisted homes. You are probably thinking not possible, right?
Of course, there’s a catch: in all the sales, the sellers knew the buyers.
There are a few advantages of taking the FSBO route. However, if you think long and hard, you will realize that all of them seem like a disadvantage if an Orlando realtor is hired. Let’s look at them:
- With FSBO, you get to save on the real estate commission, which is typically between 3% and 6%. Saving on this minor expense can have huge consequences. You don’t have the knowledge to correctly price your house and a single misstep can result in a lucrative deal lost.
- You get to be creative with your listing and market it on every platform. Without a real estate agent, you won’t have access to a quality listing. Plus, the cost of marketing your house can be too high.
- In FSBO, you get to control the process. You handle all the negotiations and proceed at your own pace. Having never sold any house, your negotiation skills might be lacking. Don’t get caught in the excitement of making it on your own so much that you forget what’s at stake.
Choosing a Real Estate Agent Over Taking the FSBO Route
Real Estate Agents Are Not Emotional Sellers
The reason why a real estate agent can make a profitable sale is that they are not emotionally involved in the process. You might get a lowball offer and reject it because you think your house is more precious than that. You might not like the buyer and therefore reject their offer, and so on. If you don’t want your house to stay on the market for too long, we suggest that you hire a real estate agent.
Real Estate Agents Have Access to a Large Network
One of the best benefits of hiring a real estate agent is that they know people who know people. Want a home inspector who won’t do a half-assed job? Ask your real estate agent. Want an appraiser who will tell you the right value of your house? Ask your real estate agent. You get where we are leading with this.
They Can Easily Spot Unqualified Buyers
Staging your house every time a buyer wants to view it can be exhausting. However, you never know which one might be serious. So, leave this task to your real estate agent. They know what questions to ask and find out if the potential buyer is qualified or not.
They Say It As It Is
You might not find this quality charming of a real estate agent. They have an obligation to you, and therefore, they won’t lie. If your house has a flaw or is not up to the mark, they will tell you upfront about how much it will get sold for.
This is why taking the FSBO route is not a good idea. With a real estate agent by your side, you’ll be able to sell your house easily and within a small timeframe, which keeps its value intact. To get help with the sale process of your Orlando real estate, get in touch with a Winter Garden relator. Visit the website Megan Dowdy Realty for more information or call on 407-509-9279.
Photo By: Timothy Ellis
Licensed under the Creative Commons.
