Why "For Sale By Owner" can be a big mistake

By
Real Estate Agent with Rinehart Realty

Whenever homeowners are considering selling their home one of the first questions they ask themselves is should they try to do "for sale by owner" instead of listing with a real estate agent.  This is a fair question and many folks think they can manage the process of selling a home on their own while saving commission to a Realtor.  Many folks who take this path quickly become disenchanted with the process and all that is involved in trying to sell their home. 

 

The truth is a real estate agent can help homeowners from the beginning of the process by gathering information such as comps in the area, analyzing home trends, make recommendations to get your home ready to sell and more than anything market your home.  Potential buyers these days are fully utilizing the internet to do home searches and folks trying to sell a home on their own will not have the access to meet the mass number of folks that are surfing the internet each and every day. Realtors utilize a number of sites and can make sure your home is being exposed to as many folks as possible. In addition the  process of managing showings including having constant access for buyers is very critical in the selling process. Buyers will cross homes off their lists quickly if they cant get access to homes on their terms. With the large inventory of homes on the market For Sale by Owners properties can miss out quickly on buyers due to communication issues.  

Statistics show that sellers who list with an agent sell their home 20% faster and for a much higher price than those that try to sell themselves.  For sale by owner can work, but you need to understand the pros and cons of the process.  Give us The Guilliams Team a call today for a free consultation and let us help you determine what is the best way for you to sell your home

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Topic:
ActiveRain Community
Location:
South Carolina York County Fort Mill
Groups:
FOR SALE BY OWNER - MARKETING(FSBO)
Out Of The Box!
Posts to Localism
Charlotte North Carolina Area
Tags:
for sale by owner
first time home buyers
york
fort mill
york county
rock hill
lake wylie
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tega cay
indian land

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Rainer
106,672
Rob Magnotta
Huntington Beach, Newport Beach, Seal Beach, Irvine REALTOR - Huntington Beach, CA
Huntington Beach & Newport Beach Coastal Specialist

Hey Tim and Gina... Isn't For Sale By Owner always a big mistake? Unless you're licensed of course!

Sep 23, 2010 08:53 PM #1
Rainer
230,550
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

Even if you are licensed it is probably a good idea to get an associate to list the property for you! There are so many steps in this emotional transaction it is best to have the experience and knowledge of a professional assure that the process moves along smoothly and all steps are remembered! Better to be safe than sorry! It helps protect the home seller legally as well.

Sep 24, 2010 12:03 AM #2
Rainmaker
460,375
Paul Walker
Equity Fifty Five Realty, LLC - Scott AFB, IL
Scott AFB IL Area Realtor

This is true!!!!!!!!! Great information, Thank you for sharing.

Sep 24, 2010 03:36 AM #3
Rainmaker
2,394,983
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

What I have heard lately is, I sold the last three by myself.  Why do I need you now?

Sep 28, 2010 03:21 PM #4
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Rainmaker
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Tim Guilliams

Real Estate and Relocation Consultant
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