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The FSBO Myth

Real estate transactions can be tricky. The widespread myth that selling real estate is easy has lured many home sellers into making expensive mistakes by trying (and failing) to sell their own home.

Many people assume that all you need is a sales contract, a classified ad and a "For Sale" sign. But even the most basic step -- setting the correct sale price -- depends on a number of factors. The location, size and condition of your home, the relationship between the local supply of homes and the number of qualified buyers, and the recent selling prices of comparable homes in your neighborhood all affect the market value of your property. Homeowners who sell without a professional realtor often misread the local market and overprice the home.

Sellers might also mishandle contingencies, home inspections, title clearance, deadlines and disclosures. The advice and guidance of an experienced real estate agent is essential to ensure that you avoid the risk of expensive litigation and ensure a successful home sale.

Posted by Brandon Robichaux on 04/04/2007 11:57 AM

Comments (7)

Post is included in group: Century 21 Network
Post is included in group: Investors
Post is included in group: Real Estate Investing
Post is included in group: Northern California Real Estate Professionals
Post is included in group: Century 21 Texas
Post is included in group: Houston Real Estate Professionals
Post is included in group: Katy Texas

7 Comments on The FSBO Myth

Brandon, You are so right about your FSBO post!! Welcome aboard Active t-Rain and keep on blogging.

Good Day!! have a cup of java and a smile on me :)

04/04/2007 02:23 PM

by Duayne Weir - Minnesota Real Estate Agent (Investment Realities LLC/MarketLink Realty)

Hi Brandon, just found your new group by accident Why don't you do a post about it, and put it in the Texas Real Estate group? That should really help it grow. Did you join that group? If not please consider this your personal invitation from me. Also let me know if you need any help on AR. Nice to meet you since my office is just 5 doors down form yours . Liz

05/04/2008 03:28 PM

by Liz Carter,Broker/Owner of Liz Carter & Team Realty, Katy TX (Houston) (Liz Carter & Team Realty-Top Realtor in Katy & Houston Texas)

Brandon, here is the link, to make it easy for you. Liz

Hope to see you.

05/04/2008 03:33 PM

by Liz Carter,Broker/Owner of Liz Carter & Team Realty, Katy TX (Houston) (Liz Carter & Team Realty-Top Realtor in Katy & Houston Texas)

You are 100% right on! A professional knows how to price a home correctly in the first place, and hold the deal together in the second place! That takes experience and training.

05/04/2008 04:56 PM

by Jacki & Jerry Shafer, The Shafer Real Estate Team (The Shafer Real Estate Team, Keller Williams Louisville East)

I absolutely agree with you. As an attorney, I would have a realtor handle the sale (especially the sale) and represent me in the buying process because I don't buy and sell single family residences everyday. It's too easy to miss a routine step that an experienced and competent realtor would never miss.

05/04/2008 05:43 PM

by Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)

Brandon:

How were you able to post your submission to more than 5 groups?

05/04/2008 05:44 PM

by Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)

Apparently back when I posted this Blog they had not yet limited to amount of Groups you could post to. As of now you can only post to 5. I haven't been on here in awhile so I remembering slowly how to do things.

05/05/2008 09:17 AM

by Brandon Robichaux (Century 21 Western Realty)

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