SHOULD YOU SELL YOUR OWN HOME:

Why pay someone else to do something you can easily do yourself? You’ve been on the buying side of the deal which meant all fees were covered by the seller, but what happens now that you are the seller? The best thing for you to do is weigh all the options available so you can make an educated and informed decision, which is exactly why we have compiled the 5 things you need to know about FSBO’s.

 What is a FSBO

FSBO stands for “For Sale By Owner” which means you save the fees you would otherwise be required to pay to both your agent, and the agent representing the buyer.

What You Can Do, Realtors Can Do Better

When choosing to sell your home yourself, you are choosing not to work with a professional real estate agent. Understanding what the role of an agent is will help you make an educated decision. Here are some of the things they take care of:

 No Risk, No Reward

While sometimes taking a risk can pay off, you need to understand the risks involved before making a decision. See below for some of the risks to prepare for when choosing to sell your home yourself:

Preparation is Key

If you want potential buyers to see your home, you are going to need to brush up on your marketing skills! Yard signs, brochures, and online advertising are all ways to get the word out, but ensure you are considering the cost of this when weighing the pros and cons of selling yourself versus working with an agent.

In addition to marketing, you will also need to make sure your home is ready to show! Cleaning, touching up paint, and de-cluttering are all helpful tips to help you get started.

Legal Matters

Once you have a buyer that is interested in purchasing the home, legal considerations must be made. The buyer will submit an offer, and once the seller accepts, a contract will need to be signed by both parties.