Every day I see how many people try to sell their home on their own as a FSBO “For Sale by Owner” and I have to wonder, why? Then it hit me, mainly because I was sitting here trying to do my taxes by myself. (Also not a wise move)
How do I know it wasn’t a wise move? Well, unlike real estate, I got a do-over, a second chance, a mulligan. I decided to take my taxes to a professional because as I was looking over all the new tax laws, even since last year, and I thought, I may be saving myself $350, but I could also be setting myself up for prison time or at least a huge tax liability.
Well, that decision to spend that $350 was a very wise decision on my part. What I thought I was saving by doing it myself would have actually costs me an additional $4323.00. Now that is not something I like giving away on a mistake.
You see, I didn’t understand the law and there were some things I had on my taxes that would have gotten me red-flagged immediately and others that I had totally missed. Just like a person who wants to sell their home on their own. They may think they are saving money by not paying the commission, but time and time again, the numbers tell a different story.
But, unlike me with my taxes, they can’t buy the home back and try to sell it with an agent to see which would have gotten them more money. But, also, there is the danger of a lawsuit because you filled out some paperwork wrong or forgot to mention something that would have been mentioned in a disclosure form.
So, don’t try to save yourself money selling your home or doing your taxes on your own, it just isn’t worth it. Because the money you think your saving, really isn’t there and can you imagine how much more you could be getting if you just look at the averages of selling on your own vs using an agent?
As I thank myself for getting a second opinion on my taxes, I have to wonder how many people wish they had got a second opinion and used a Realtor to sell their home. Give us, the Friendly Home Team a call, we would love to be your second opinion and help you sell your home for top dollar!
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