If you are thinking you should try the sell house by owner method, you may have heard that you save money or avoid unnecessary annoyances. While you might not have to pay certain fees, that doesn't mean you'll save money.
Continue reading this article and you'll learn why you should never sell your home without a real estate agent.
You'll Be Busy Negotiating
If you try to sell your home on your own, you'll have many people to negotiate with and it will start to feel like a full-time job. When people see a for sale by owner sign, they think you are desperate to make a deal and that you're likely inexperienced with negotiating a good price for your property.
You have the buyer that wants to give you low-ball offers, the buyer's agent that thinks they can work you over, the potential buyer's home inspector and even an appraiser.
If you have a reputable real estate agent on your side, you won't have to worry about people buying real estate in Yuma trying to negotiate you out of the money due to you.
Lack of Exposure
If you're doing your own marketing, you may not get the exposure you need to sell the home in a timely manner. Many buyers search for their homes online and unless you have an internet marketing strategy in place, you're going to miss out on many of the people that are excitedly searching for a home.
Real Estate Agents Can Usually Get More Money for a Property
If you want to get more money out of the property you're selling, working with a real estate agent is the best way to go. When you choose a real estate agent that knows the area, they will be able to give important facts to the potential buyer that will make them more likely to purchase your home and be willing to pay more for it.
Studies show that an average house sells for $200,000 when sold by owner and when using an agent, an average house sells for $264,900. While that doesn't guarantee you're going to get more money when you use a real estate agent, it is something you should think about when you're considering FSBO.
Wasting Time With Buyers That Aren't Serious
If you aren't sure how to qualify buyers, you might waste a lot of your time with buyers that aren't serious. Time is money and when you're spending time talking to people that aren't going to buy -- that's a no-go.
When you work with a professional real estate agent, you don't have to worry about wasting your time because the agent will qualify anyone interested in your home.
Sell House By Owner - It's a No-No
Now that you understand why a sell house by owner situation is not a good idea. If you're ready to sell your home in Yuma, we can help you. Contact us and see how we can help you sell your home.