7 Reasons NOT to For Sale By Owner
One of the biggest transactions a person will make, is
likely the sale of their real estate property. While it may seem easier to list
your home for sale by owner, it actually involves a ton of hidden work. For the
best chances at selling your house, consider listing with a professional. Your
experienced real estate agents in Eldon, MO have provided a few of the many
reasons to NOT list your home for sale by owner.
1. Buyer’s Agents Steer Clear
Many times an agent representing a buyer will not even look
at homes listed by the owners. Realtors have a database they reference when
searching for a home, and most likely, a house that is not listed with an agent
will not appear on this list. This limits the pool of potential buyers on the
market drastically, since the majority of buyers use an agent.
2. Number of People Involved
A long list of people involved in a home transaction need to
be kept up with, when selling a home. The buyer, buyer’s agent, home
inspectors, appraisers, and a mortgage company all have to correspond with the
seller, if not represented by an agent.
3. Emotions Involved
It can be a hard task to keep your emotions out of the sale
of your home. With real estate transactions involving a long list of people, a
seller has to remain calm, cool, and collected. An agent can help deal with
everyone involved, and take some of the emotional work out of the selling
process, whereas selling yourself can be an emotional burden.
4. Marketing Tools
Aside from a number of marketing tools to sell your house,
realtors have access to a large network that an individual would simply not
have. With a vast knowledge of the current market situation and
what marketing techniques work best, an agent knows what works and how to take
advantage of the local real estate market.
5. Documentation Needed
Along with the people involved, a number of documents are
needed to proceed with the sale of a home. For an unexperienced seller, it can
be overwhelming and frustrating to deal with the amount of paperwork needed.
6. Negotiation Process
The process of negotiating, if someone does want to make an
offer, can be extremely awkward for both the seller and buyer. An agent usually
acts as a buffer during the negotiation process and helps to walk the seller through
the proper steps.
7. Higher Income Off Sale
Studies have shown that selling a home FSBO does not net
more than listing it with an agent. A realtor has experience with marketing and
negotiation to emphasize a quicker sale, which will save money. They also have
a number of pricing strategies available which typically results in the home selling
for a higher amount, than if listed by the owners.
Now that you know a little more about the work that goes on
behind the scenes, and the lower chances of a successful FSBO transaction, you may be
ready to list your home with a professional. Real estate agents have all of the
processes down that are involved in selling a home, this is their job. For
better chances at selling your home quickly, a trusted team of realtors at the Lake of the Ozarks can help relieve you of the burden of selling. If you are in
the market to sell a house near Eldon, MO, call Devine & Associates today.
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