5 Reasons Why You Should NOT Try to Sell Your Home By Yourself

Reblogger Jeff Wilmoth
Mortgage and Lending with Barrett Financial Group, LLC NMLS# 206798

Another great post by Realtor Erica Ramus Pottsville, PA.  We strongly encourage using a Realtor on any transaction.  If you are in need of a suggestion or referral of a highly skilled Realtor, just give us a call.  We keep our toolbox full!

Original content by Erica Ramus RM420589

Are you thinking of selling your Schuylkill County Home FSBO -- by yourself?

Marketing a home in 2010 is NOT the same as marketing it 10 years ago. Even if you did this before, you have to do so much more than plant a sign on the yard and place a classified ad.

5. Advertising is more complicated. When is the last time you read the newspaper or searched the classifieds. Years ago you'd buy the paper to see what homes were for sale or rent. A single classified ad run several times a week might get you enough calls to sell the house. Now it's so much more complicated! Most agents and brokers don't advertise anymore in newspapers because THEY DON'T WORK and also because they are very expensive considering the lack of results.

4. Are you internet savvy? What does work is the internet. Buyer start their searches online now, months before they are ready to buy. A real estate broker will put your property on the MLS to advertise to all agents, plus many other internet sites. In our office, we put your property on 3 MLS systems covering all of Schuylkill, Lebanon/Lancaster MLS, and  TREND MLS which stretches into Reading and Philadelphia. We then use Postlets and ListHub to feed out into over 38 sites via RSS feed. So you're on Trulia, Zillow, Craigslist,, and so many more sites. Can you do that?

3. Are you ready to pre-qualify buyers who call on the phone? Before you let someone cross the threshhold, are you ready to ask them personal questions about their finances, or are you going to just open the door? How do you know a buyer really has the ability to buy? Because he says so? Really? Not in today's market. And once you agree to show your home to someone, you need to make yourself available to all buyers, at their request, when they want to see the home on their own time, not yours. Is it an inconvenient time? Sorry. Make yourself available for them.

2. What about all the paperwork? If you do go FSBO, call a lawyer. You will need someone to write up the contracts and get you to settlement. You should not just go online or to Staples to find generic documents. This is complicated and dangerous to try to do on your own. You need an attorney to help you once you find a buyer. The work is not finished. It is just starting, unfortunately. You have contracts, then inspections, the appraisal, and financing details to make it thru now.

1. Can you negotiate like a pro? Seriously. If a buyer walks in and asks "Can you go lower" or "Why are you selling" or "What is your bottom line?" How will you answer? This is not a business deal cut and dry. This is your house. Will you waffle a bit and tell them there is room to negotiate? Will you tell them that you need to be moved in 30 days because you got a new job? Will you hurt your negotiating power by giving away too many details about why you are moving and/or how much you will really take? Having an agent in the middle can take a step away from this, giving a bit of distance to you in negotiating. Perhaps if you do not want to pay an agent, you should hire that lawyer to negotiate for you. Don't try this yourself if you even think you're going to tell buyers too much personal information or cave when they say your home is overpriced or they can only afford X.

Real estate agents -- good ones -- will put YOUR Interests above theirs. They will negotiate fiercely to get you the highest and best price for your house. They will take care of all the little details you otherwise have to handle on your own. The best agents are worth every penny you will pay, in getting you a higher price for your home with less hassles.

Are you thinking of selling your Schuylkill County Home FSBO -- by yourself? Think again, please.

If you're going FSBO because you think you cannot afford one, it may just be that you cannot afford NOT to have an agent. Not all firms charge the same fees. All fees are negotiable. Interview a few agents and ask each one to explain what they do for their fees, and how their fees are structured. You just might be pleasantly surprised by what you find.


Flickr image courtesy MiK










Erica Ramus is Broker/Owner of Realty Executives in Pottsville, PA.

If you're looking for a PROFESSIONAL to represent you in all of your Schuylkill County real estate needs, call Realty Executives at 570-622-6006. Serving all of Schuylkill County ... Pottsville, Orwigsburg, Schuylkill Haven, Auburn, Pine Grove, Frackville, Minersville, Ashland, Shenandoah, Port Carbon, Palo Alto, St. Clair, Barnesville real estate. Click on the link above to search Pottsville PA homes for sale or any Schuylkill County homes for sale. We have all properties listed for sale in the Schuylkill MLS on our website -- free search!

 Schuylkill Appraisal Services, for all your appraisal needs: Schuylkill County appraiser. 

Christopher Pataki
RE/MAX Associates - Hockessin, DE
Hockessin Delaware Real Estate

Before I became a Realtor, I sold 2 homes of mine FSBO.  I had enough knowledge to be dangerous and if someone had knowledge of the process could have lost either sale...................chris

Aug 06, 2010 03:24 AM
Jeff Wilmoth
Barrett Financial Group, LLC - Senoia, GA
If you need a mortgage, call us! 404-597-5662.

Thats the point...leave it to the pro's!  I wouldn't dare try and re-wire my house.  I'd call an electrician.  The same applies with real estate when speaking to the masses.

Aug 06, 2010 03:33 AM
Barb & Sal Dragotta
Macomb, MI
Macomb County Michigan

Jeff....basic & vital 5 points--hopefully, the FSBO-deciders will read and learn.  You do present the picture concisely; sometimes the best tool we have is our check-book. Pay the commission & sleep at night.

Barb & Sal 

Aug 06, 2010 02:12 PM