Is For Sale by Owner Right for You?

I find that realtors are against anyone or thing that will interfere with their bread and butter.

I find more people are looking for companies like ours that can offer a turn key solution in the for sale by owner company.

Http://www.forsalebyownercompany.com

Marcus Giavanni of CO 7:43PM January 15, 2013

This article fails to mention the more detailed obstacles, hurdles and pitfalls that you are faced with when selling a home today that an experienced agent is able overcome to keep the sale together. Things like knowing what to ask your buyers lender to make sure he has taken the proper steps to pre approve the buyer for the sale amount of your home before you sign binding contracts. Or how to appeal an appraisal if your buyers appraiser says your home is worth less than what you and the buyer agreed on. This could kill the deal and it happens more than you would think. A realtor knows the time frame the appeal has to be in by and how to do it. What about home inspection issues? As a seller will you be prepared for the conflict of negotiating repairs and do you know how to go about doing this without committing yourself to doing unnecessary costly repairs, or scaring the buyer away by not articulating that part of the process properly. (it's a fine line). What would you do if your buyers lender drops the ball and your whole house is packed and ready to go? Do you have contacts in the lending industry, like a realtor, that can step in and mend the pieces to secure financing for your buyer so you don't lose the sale. This is assuming you even find a buyer. Homes listed with realtors get more exposure and attract more serious buyers that are working under the professional guidance of a realtor. For instance, what if you get a full price offer from a buyer that has a home to sell before they can buy yours. Do you know what to look for to see if your wasting your time or not, or will you get excited by the great offer and immediately sign contracts with a

contingent buyer. Without experiencing the pitfalls of this situation you don't know what to anticipate nor do you know the red flags and the steps to take to prevent a disaster that can happen in that situation. Also, buyers that are

interested in FSBO homes are savvy enough to realize that if they buy your

house you won't have to pay a commission so they typically go into negotiating

with the idea that they are going to save that 6% themselves since you aren't paying it. This makes for tough negotiations and this is why NAR studies found that the FBSOs that do end up selling tend to net less even though they didn't pay 6% commission. I could go on forever, but my point is this- experienced

agents do a whole lot more than put a sign on your lawn, an add in the Internet,

And an add in the local paper. We market the home to the right pool of buyers, and once we find a buyer we take proper steps to ensure the buyer is qualified,

We negotiate the best possible price and terms, We facilitate the sale while keeping both sides as calm and cooperative as can be, and we see it through each step til the end. We do all of this with the risk of not getting compensated unless your home actually sells. So if you are trying to move successfully, do yourself a favor hire a pro.

Len Antonelli of NJ 12:10AM July 14, 2012

You can download a free 100 page guide on how to sell your own home at www.ownerlistedhome.com

Robert Johnson of TX 6:29PM March 21, 2012

I have read so much material on this subject...and my verdict is do not sell your home yourself. These FSBO companies, do you know what they do best? I do, they market their "Save $$$$$'s" scams to anyone who is ignorant to how real estate really works..that's it..and that's them.

Your best bet is hiring an absolute pro agent in your area. He/she is your best choice out there. Here is an article that explains why.

http://www.sundaybell.com/classroom/fsbo-vs-realtor-why-realtors-always-wins/

And check out Sundaybell as well, I haven't used them yet but my neighbour did and he told me he has absolutely zero regrets.

Best, Tim

Tim of NY 3:34PM November 12, 2011