Five Reasons NOT To Sell Your Own Home

While there are many benefits to working with a real estate professional when selling your home, now more than ever it’s crucial to have an expert guide you through the process. If you’re considering a For Sale By Owner (FSBO), you must consider the following.  

                                                                       

Your Safety is a Top Priority

“When you FSBO, it’s incredibly difficult to control entry into your home,” says Krista Ponti, sales associate with ERA Justin Realty. “At ERA Justin we follow the current National Association of Realtors (NAR) protocols to protect your health and safety, from regulating the number of people in your home to ensuring proper sanitation procedures.  We also provide virtual tours.”

                                               

An Online Presence is Key

Even before Covid-19, 44% of all buyers started their home search online, and that number jumps to 93% throughout the process, according to NAR. “Our integrated advertising approach includes a presence in hundreds of online outlets to help reach the greatest number of interested, qualified buyers,” adds Krista.           

                       

There Are Too Many Negotiations

In addition to working with the buyer, if you FSBO you’ll also need to work with the buyer’s agent, inspection companies, and the appraiser. In addition, the documentation involved has increased dramatically as more and more disclosures and regulations have become mandatory. A real estate professional is trained to negotiate every aspect of the real estate transaction. 

                                                                       

You Won’t Know if Your Purchaser is Qualified

When you FSBO, it’s almost impossible to be involved in your buyer’s mortgage process. A real estate professional is trained to ask the appropriate questions to ensure your buyer is qualified.                                                         

                                                                       

You Net More Money When Using an Agent                                     

A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, the seller may even net less money from the sale. One of the main reasons for the price difference is effective exposure --the more buyers that view a home, the greater the chance a bidding war will take place. 

Before you decide to take on the challenge of selling alone, connect with Krista or any of the real estate professionals at ERA Justin Realty at 201-939-7500.