Are you thinking about selling your home on your own? Below are 5 good reasons from the KCM Blog NOT to sell on your own. We know it comes down to value & protection. A Lawyers Realty agent will guide you through the complicated process and use all the tools available today to find most qualified buyers in the shortest amount of time in order to get the best market price for your home!
Here are five of our reasons:
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO.
Recent studies have shown that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. Most real estate agents have an extensive internet strategy to promote the sale of your home. Do you?
Where do buyers find the home they actually purchased?
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years.
Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real commission. The seller and buyer can't both save the same commission.
Studies have shown that the typical house sold by the homeowner sells for $184,000 while the typical house sold by an agent sells for $230,000. This doesn't mean that an agent can get $46,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.
Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.
As REALTORS, how many times do we hear this?
Potential Seller's thought process: "We will wait until spring to put our house on the market when buyers are buying and the flowers are blooming."
REALTOR'S thought process: "Why wait for spring? Buyers don't suddenly stop buying October thru March. There are buyers that are transferring due to their job; buyers who are renting and their lease is up; and buyers that have been searching for that just right home and it may be your home that they have been waiting for."
So if you are one of the fewer sellers who happens to have their home on the market, priced right and in showing condition, then chances are greater that your house may receive a contract at this time of the year.
It is as simple as Supply and Demand. Supply will be lower, but there will still be a demand. And besides, don't homes feel so much cozier and welcoming in the fall and throughout the Holidays?
If you are thinking about listing your home, call a Lawyers Realty REALTOR to put a TEAM on your side (717) 364-3000. www.lawyersrealtypa.com