It’s the second quarter of the year. As all real estate enthusiasts know, this quarter is the best time for you to sell your property. Get your property in the market and get the best deal ever.
Through the help of modern technology, it has become easier for FSBOs to sell their property without any help of any realtor. To those who are not in the know, FSBO is the acronym for For Sale By the Owner, which means the owner himself is the one who sells the house. He’s the one who puts the property in the market, get his own leads, and secure the money that comes from the sale.
Going FSBO has its own advantages and disadvantages. It’s not an easy road towards a good sale after all. Below is a quick checklist of the pros and cons of going FSBO that can help you make the right decision.
THE PROS
1. No commission: You can cut cost because you no longer have to pay for an agent.
2. You’re in control: FSBO is for those people who want to be in control at all times – and for those who are not that busy. You no longer have to schedule a meeting or keep nagging the realtor for updates. Because everything is in your hands.
3. The knowledge: No one knows the house better than you. It can be in your advantage if you’re the one who’s going to do the talking.
4. There’s enough platform: As mentioned, technology has helped ordinary people to sell their own property at their own comfort. Real estate portals and social media networks all help into making a good sale possible. You can also do email marketing to get in touch with people who have good buying power.
THE CONS
1. Risk of selling it less: A research has gathered that FSBOs sell their properties 15% less than agents. It might be because some FSBO are often discouraged about finding other buyers who can make better offers.
2. Not well equipped: There’s more to real estate than finding a buyer. There are things that a professional agent know more than you. If you think you won’t be able to handle the stress, then give those agents a chance.
3. Less visibility: Yes, there are platforms that may help you gain audience. But agents still have other tricks in their sleeves that can help you gain better visibility.
4. Preparing all legal forms: Selling a house is tricky. There’s so many documents to fill up to and you can get loss in the process.
SO WHAT NOW?
If you still want to pursue selling your property on your own, then you should start thinking about the good ceiling price for your property. You also need to open those real estate books and start learning the ins and outs of the industry. Always stay legal and consult a real estate lawyer when you have any doubts. Learn how to negotiate so that you can get the best out of the deal that you’re going for. Make sure that you use every tool that’s available to you so that you can increase your visibility.
Create an account at our portal today to start your FSBO life the right way!
Image Source: http://www.persquare.com.ph/for-sale/house-lot-ncr-metro-manila-muntinlupa/single-detached-house-lot-for-sale-in-lake-front-sucat-muntinlupa-city_1720a0851ac697d8307f943214b3ad2ebcc7fc9 – Alan Maghanoy
