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2015-12-16 04:48:53
Reasons For Not Selling Your Tooele House

I posted this article from the crew @ KCM about reasons for not selling your own Tooele house, and 5 reasons you shouldn't be a for sale by owner. When I posted to face book I mentioned a sixth reason.selling your house

I want to share that with you here because it's a very important factor.

The 6th reason is safety, or security if you prefer.

No one buys a house without walking through & 'kicking the tires' so to speak. That means that in order to sell your home on your own, you must expect to let complete strangers roam throughout your house at all hours, day and night.

Sure, you can set hours, but how will you get the word out. People that can afford your home, are obviously NOT on your speed dial. 

Home buyers show up when they can, and when it's convenient.... For them.

If your home is listed with an agent you should NEVER be asked to let a stranger into your home without an appointment & w/o being accompanied by a licensed Real Estate agent.

Selling Your House? 5 Reasons You Shouldn’t For Sale By Owner



Selling Your House? 5 Reasons You Shouldn

In today's market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.

Here are five of those reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always, find some problems with the house
  • The appraiser if there is a question of value

2. Exposure to Prospective Purchasers

Recent studies have shown that 89% of buyers search online for a home. That is in comparison to only 20% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

  • 44% on the internet
  • 33% from a Real Estate Agent
  • 9% from a yard sign
  • 1% from newspaper

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.

4. FSBOing has Become More and More Difficult

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 ped from 19% to 8% over the last 20+ years.

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money when Using an Agent

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 estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $210,000 while the typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000 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.

Bottom Line

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.

I'd love to be that agent.

If you are looking for someone to 'keep the wolf from the door', and believe there are good reasons for not selling your own house, give me a call, Berna Sloan 435-840-5029. 

 

 
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