The FSBO Myth

By
Real Estate Agent with Realty Pro Inc

Real estate transactions can be tricky. The widespread myth that selling real estate is easy has lured many home sellers into making expensive mistakes by trying (and failing) to sell their own home.

Many people assume that all you need is a sales contract, a classified ad and a "For Sale" sign. But even the most basic step -- setting the correct sale price -- depends on a number of factors. The location, size and condition of your home, the relationship between the local supply of homes and the number of qualified buyers, and the recent selling prices of comparable homes in your neighborhood all affect the market value of your property. Homeowners who sell without a professional realtor often misread the local market and overprice the home.

Sellers might also mishandle contingencies, home inspections, title clearance, deadlines and disclosures. The advice and guidance of an experienced real estate agent is essential to ensure that you avoid the risk of expensive litigation and ensure a successful home sale.

Comments (2)

Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Floyd Wickman taught us that we are here to educate and through education we can help FSBO's come to the right choice... HIRE AN AGENT!

Congratulations on 2 years on Activerain.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Jan 03, 2009 06:05 AM
Ed Bisquera
Ed Bisquera Digital Marketing Consultant SEO (971) 266-0226 - Portland, OR

I think it's a much wiser choice to utilize a professional (Realtor) to help market and sell your home, rather than doing it yourself. Especially since those Realtors that are going strong in this market would be a good choice to use their expertise to sell a home.  Too many details, as they say, to possibly overlook.

How are things for you? I think that we'll see some uptick in home buying through 2009.  What do you think? In my general market report dated 01/13/09 

I revealed some stats and also have a post on the Top 5 places/sources buyers get information from when buying a home.

Glad to see others in my market still going strong. Here's to a great 2009!

Ed Bisquera, My Blog

Follow me on Twitter

Jan 13, 2009 06:32 AM