Thinking of Selling Your Home? Great Reasons Not To FSBO {Infographic)

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4SHt

 

Have you been thinking about selling your Charlotte, North Carolina metro area home? Have you been tempted to be a FSBO (For Sale By Owner)? It's tempting, I know, when the market is hot and it seems that all you need to do is put a sign out in your yard and your home will sell. The infographic below paints a clear picture why you should THINK AGAIN if you've been tempted to be a FSBO seller.

 

The days of selling your house by just putting up a sign and putting an ad in the paper are long gone. Having a strong staging, pricing, and internet marketing strategy is crucial to getting top dollar for your home and to selling quickly. How will you accomplish this on your own? And we haven't even got into the issue of legal documents, disclosures and seller liabilities... (all of which seem to increase exponentially each and every year).

 

And if you sell your own home to a buyer who is represented by a Realtor®, it's important to remember that agent is representing the best interests of their client only (the buyer's) and has no obligation to represent any of your interests in the transaction. Why would you want to compromise your negotating leverage that way?

 

Why Home Sellers Should Not FSBO

 

 

Still not convinced you shouldn't FSBO your Charlotte area home?

Here are a few more reasons to consider listing with a Realtor® experienced in representing home sellers:

 

  • Buyers want to see homes on their schedules and not yours. A Realtor® will show your home when you aren’t available to do so, will respond to inquiries from potential buyers or their agents, and will get feedback from prospective buyers or their agents.  And keep in mind that when you are the one responding to inquiries about your home you may be giving away information to a prospective buyer that jeopardizes your negotiating leverage, all while you're thinking you're being helpful and friendly.

  • Most home buyers prefer to look at a home in private and without the seller being present. When you FSBO, how will you accomplish that? Will you leave your home and leave a total stranger on his/her own in your home? And even if the buyers says he/she is ok with your remaining in the home, if you are alone or a young mother with little children, are you willing to risk letting a stranger come into your home?

  • How will you ensure security of your home when you FSBO? Do you know who is coming through your door? Are they legitimate and qualified buyers or are they "casing your home?" If a prospective buyer calls and asks to see your home at some specified time and you answer them by saying no one will be home at that time you may be giving someone whose intentions are more nefarious information they really shouldn't have about your home.

  • Security issues aside, how do you know any prospective buyer is qualified to buy your home? Realtors® vet their buyer clients ahead of time before they show properties. Why would you waste your time showing your home and negotiating without knowing just how qualified a buyer might be?

 

 

STILL not convinced your shouldn't FSBO your Charlotte area home?

Maybe this story will help you change your thinking... did you know that the founder of ForSaleByOwner.com failed to sell his own property for six months using his own website, subsequently listed with a Realtor and sold his home promptly and for $150,000 more than his original asking price.

 

 

 WONDERING HOW AN EXPERIENCED REALTOR® CAN HELP YOU AVOID THE FSBO SELLING PROBLEMS?

 

If you want to sell your Charlotte area home for top dollar, in the shortest amount of time, and with a minimum of hassles, contact Carolinas Realty Partners.

We'll show you why you shouldn't be a "For Sale By Owner."

 

Find Out What Your Charlotte Area Home Is Worth

 

 

If you are considering selling a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

 

 

 

 

 

 

If you've been thinking about selling your Charlotte area home as a For Sale By Owner, maybe you should THINK AGAIN

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2018 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Re-Blogged 4 times:

Re-Blogged By Re-Blogged At
  1. Lesley Wilson-VanGoethem 06/24/2016 05:25 AM
  2. Kim Johnson 06/26/2016 01:51 AM
  3. Larry Johnston 06/26/2016 10:13 AM
  4. Gabe Sanders 07/03/2016 03:15 PM
Topic:
Home Selling
Location:
North Carolina
Groups:
Inspiration !!
Charlotte NC Real Estate
Advice for Sellers
Tags:
for sale by owner
fsbo
fsbo versus realtor
reasons not to be a fsbo
reasons not to be a for sale by owner

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Rainmaker
3,246,110
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Still the best choice for selling real estate is with a Realtor.

Good luck and success.

Lou Ludwig

Jun 26, 2016 09:10 AM #67
Rainmaker
3,246,110
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Congratulations on earning the feature for an outstanding home.

Good luck and success.

Lou Ludwig

Jun 26, 2016 09:11 AM #68
Rainmaker
1,270,120
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

It doesn't make any sense to try to sell a home without a real estate professional's help and your post is excellent!

Jun 26, 2016 10:14 AM #69
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Tim Maitski ~ I don't disagree that NAR should take the mobile homes out of the equation. Here locally, they are an infinitesimal portion of our home sales and very few are as low as $20,000. And unfortunately, our mls allows certain types of mobile homes to be listed as single family homes, so it's hard to break them out of the mix.

Jun 26, 2016 08:22 PM #70
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne and Jean Marie Zuhl ~ hi Wayne and Jean... thanks so much and for stopping by...hope you are gearing up for a great week!

Jun 26, 2016 08:23 PM #71
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lou Ludwig ~ good morning, Lou... and thanks. It's always a bit of a surprise, albeit a nice one, to find oneself featured.

Jun 26, 2016 08:24 PM #72
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Larry Johnston ~ good morning, Larry... and thanks. I don't personally "chase after" FSBO's, but with this post I was hoping to head those who might be thinking of being one off the pass.

Jun 26, 2016 08:25 PM #73
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Praful Thakkar ~ thanks, Praful... I think majority of FSBO's don't have a clue as to what they are getting into when they do. 

Jun 26, 2016 08:26 PM #74
Rainmaker
4,796,070
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Nina.  This is a wonderful infographic for those that are considering going it alone.

Jun 26, 2016 09:04 PM #75
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ good morning, Gabe, and thank you. Now let's hope some of the prospective FSBO's actually pay attention!

Jun 26, 2016 09:11 PM #76
Rainmaker
506,447
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Nina, 

Great post. FSBO seems like a good idea until the seller is in over their head and realizes they need help. By then, it may be too late to undo the damage they have already done. 

We've taken over our share of attempted FSBO's and the outcome is always better than what the seller's had going on, but there have been times where they actually hurt themselves.  Best to start out right, so you can finish strong.

Jun 28, 2016 10:16 AM #77
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dan Tabit ~ hi Dan... I totally agree with you. Sometimes I feel sellers spend more time deciding on new shoes or a new handbag or even a new car than they do on deciding how and with whom to sell what is arguably for most their single largest financial asset.

Jun 28, 2016 08:41 PM #78
Rainmaker
1,804,659
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Nina - congratulations on that very compelling infographic.  One glance tells why FSBO is a losing proposition.

Jun 30, 2016 01:43 AM #79
Rainer
98,496
Tori Toth
Tori Toth, International - Howard Beach, NY
888.667.6643 NYC & Beyond, HSR, SAR, RESA, LIBOR

Love this infographic. I think I may use on my blog. Will let you know. 

Jun 30, 2016 02:24 AM #80
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Tori Toth ~ hi Tori... feel free not to "reinvent" the wheel! I closed a property this week where one of the sellers grew up in Howard Beach. And I have a high school friend who still lives there.

Jun 30, 2016 03:17 AM #81
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ thanks, Grant. That's one reason they always say that a picture is worth a thousand words.

Jun 30, 2016 03:18 AM #82
Rainer
35,550
Barry Vincent
RE/MAX Fine Homes - Nashville, TN
Serving SE Nashville, Antioch, La Vergne, Smyrna

Most FSBO's are not aware of the timeliness, disclosures and other legal vulnerabilities to which they may subject themselves.

Jun 30, 2016 07:31 AM #83
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Barry Vincent ~ good morning, Barry... you are so correct and the problem is that all the legal vulnerabilities only increase as time goes on. (Welcome to the Rain, by the way.)

Jun 30, 2016 09:10 PM #84
Ambassador
3,953,048
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Excellent infographic Nina! 

A well laid out case for hiring an agent.

The main reason why I dont like to go the FSBO route is TIME.

Jul 02, 2016 09:26 AM #85
Rainmaker
2,900,268
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob Crane ~ hi Bob and thanks. I agree time is a huge factor, but security in many parts of the country is up there as well.

Jul 02, 2016 10:45 PM #86
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