Hard Sell: For Sale By Owner

November 18, 2008

Many real estate listings come from individuals who tried on their own first to sell their home. Sellers who try to sell their own home learn the hard way that selling a home is not easy. Keeping it sold and getting to the closing table is even more difficult. What are the pitfalls involved in selling your own home?

• Pricing: Being that you are not daily involved with the real estate market it will take a lot of research and hard work for you to figure out how much your home is really worth.  Manytimes "FSBO's" (for sale by owners) end up pricing their house incorrectly.
  
• Face-to-face negotiations can be difficult, even when the buyer really wants the house. Having a realtor that can do the negotiating on your behalf really helps take a lot of the stress out of the home sale.  
  
• Paperwork, paperwork, and what?...MORE paperwork!!!. Standard contract forms rarely cover all of the local requirements regarding disclosure laws. Such contracts may provide loopholes which could allow a buyer with cold feet to back out at the last minute.  Also, most contracts are very lengthy and written using high sophisticated legal terms making them very hard to interpret on your own. 
  

When you have finally come to an agreement, how can you be sure that your buyers will engage competent professionals to handle their loan and complete the closing? What if structural problems are discovered or property boundary problems are revealed? The experience and expertise of a professional real estate agent is your greatest asset in concluding a successful transaction!

Want to read more about if you should hire a real estate agent?  View this informational article: http://www.ryanvaught.com/?cf=articles/seller/shouldyouhirearealestateagent

Are you looking for a real estate professional that will work with you to sell your home?  If you are in the Chico area consider Ryan Vaught to help you with your real estate needs.
Ryan Vaught, Realtor
530-343-2959
answers@ryanvaught.com 

Interested in learning more about the Chico area or Ryan?
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Keller Williams Chico CA
Office Phone: (530) 343-2959

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