Go It Alone or Get Help? A Dive Into FSBOs

Selling a home can be truly overwhelming, particularly if you attempt to do it alone. As exhilarating as the FSBO (For Sale By Owner) route may appear, there are many important factors that need to be considered before making this choice. In fact, it's not uncommon for people to discover that what began as an exciting and potentially money-saving venture has ended up being a discouraging and expensive mistake. So lets dive into why fsbo's may not be as attractive as they seem. 

When you decide to take the DIY route and list your own home, you may assume it is a cost-effective move but that's oftentimes not the case. Not only can you leave a significant amount of money on the table when setting the right price for your home, but many buyers expect the seller to cover their buyer's agent commission as well. This could lead to disappointment with those potential buyers if you're not offering that service or return on investment. What's more, if you haven't enlisted a professional realtor, odds are that your listing won't get seen by qualified buyers as nearly 90% of individuals in real estate transactions are working with one. Ultimately, enlisting a trusted professional could easily counteract any commission fees and end up paying off big in the long run.

Another factor you will need to be aware of is marketing. Marketing is one of the most important things you can do to help sell  your home and you want to have your property marketed to the widest audience possible. This is why it is absolutely essential for a homeowner to list their home in the MLS, or Multiple Listing Service. Realtors primarily use this platform, and without it you can miss out on many qualified buyers in the area. It's true that you can list your house online on places like Realtor.com and Homes.com but as mentioned, most agents use the MLS so it could be easily overlooked. Additionally, only 8% of homes are sold as "for sale by owner" listings, so MLS syndication through professional real estate agents makes all the difference when searching for potential buyers.

In conclustion taking the DIY route when selling your home may seem attractive initially, but it could have serious financial repercussions if done improperly – so always consider enlisting the help of trusted professionals who know better than anyone else how to guide you toward success.

Phone(432) 557-8511

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Address Welcome Home Property Group
0693373
Welcome Home Real Estate
801 Tradewinds Blvd, Suite A,
Midland, TX 79706

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