Why Selling My Own House is Difficult

By
Real Estate Agent
https://activerain.com/droplet/Rvc

Any individual can certainly sell his or her house, whatever the reason may be. For sale signage can be erected within the property, specifically on the front yard to let other people know that the house is up for sale. Yet, despite efforts – legions of homeowners are finding difficulty selling their own houses. This entry attempts to answer why For Sale By Homeowner (FSBO) has become difficult these days.

For sale by owner

One reason why FSBOs become difficult to sell is because of its limited exposure to potential buyers. While signage helps the house for sale to get some notice, it is not enough. The signage would only be visible to a limited community or neighborhood. Whereas, when selling a house through a realtor – the property gets maximum exposure through MLS (multiple listing services). FSBOs cannot be entered in those listings because they are only open to licensed real estate brokers and agents.

Because FSBOs are not shown in MLS, real estate agents won’t show them to their clients. When a house is put on sale through realtor services, a contract binds the seller and the agent. The contract stipulates that certain commissions are paid by the seller to the agent when the house is already purchased. With FSBOs, there is little probability that a seller would enter in a brokerage contract.

Overpricing is another hindrance why FSBOs stay long in the market. Many homeowners believe that their homes are worth more than any other house in the neighborhood without realizing that there could be more beautiful homes for sale with prices that could be the same or lesser to what they ask for. With the services of a real estate agent, a house for sale gets rightfully priced.

FSBOs attract less buyers because of the presence of homeowners. Most homebuyers scout homes-to-buy with the help of their agents in order to discuss advantages and disadvantages. Yet, with the homeowner present in a few distances to them, potential buyers could easily feel intimidated. Working with an agent to sell a house creates equilibrium to the deal. An agent-to-agent negotiation ensures an efficient dealing to and from both sides.

Homeowners who brave a selling endeavor with FSBOs can be caught in a web of problems. Most probably, homeowners are not knowledgeable on all the legal aspects of a house sale. Missing just a single form can bring in a hefty load of inconvenience that result in difficulty selling the house. With realtor services, homeowners are sure that all necessary paper works are accomplished to facilitate the smooth flow of the house sale. Realtors are knowledgeable on these aspects and awards the homeowners saved time, money, and effort.

Selling your own house may give you some problems but with professional realtor services, you can spare yourself of these FSBO difficulties. 

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Ambassador
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Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

For most owner/agents the most difficult part is staying objective.

Feb 25, 2013 03:50 PM #1
Rainer
83,456
Bruno & Noel Tarquinii
Bowie, MD
www.search4homes.us

Michelle - You're absolutely right - homes for sale must always have maximum exposure to attract as many potential buyers as itpossibly can.

Feb 25, 2013 06:13 PM #2
Rainmaker
392,533
BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

While there have been times when we didn't follow my own rule, in the main we've stuck to it:

Retain a fellow Realtor to be the listing agent for our personal home.

I'll guarantee you on those times that I have, the journey has been a bunch easier on Patty and me, and I'm confident we netted more than we would have had I listed it myself.

So if I'm right, a person whose not a Realtor and who tries to sell his own property, in the main, doesn't stand a chance.

Good post, Bruno!

Feb 25, 2013 08:19 PM #3
Rainer
295,891
Berni Kerr
Dominion Lending Centre - Mortgage Professionals Inc. - Port Dover, ON
AMP Mortgage Agent - Port Dover ON

Bruno  Good points, and I agree with Bill (above).  In my 2 experiences trying to sell my own home the results were not favorable.  Then when I listed with an agent - the traffic came in and the sold sign went up.  I'd recommend to anyone to use a realtor , as going it alone is not worth it!

Feb 25, 2013 10:14 PM #4
Rainer
83,456
Bruno & Noel Tarquinii
Bowie, MD
www.search4homes.us

Bill & Berni - Thank you for appreciating the post. Realtors always take a good chance of selling a house because we are given the opportunity to list the house in MLS. It's like getting maximum exposure.

 

Feb 26, 2013 08:57 AM #5
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Rainer
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Bruno & Noel Tarquinii

www.search4homes.us
Buy (or Sell) your perfect home today!
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