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Now more than ever, it’s more important to have an expert in your corner that you trust to guide you as you sell your home. For Sale By Owner (FSBO) is the process of selling real estate without a Real Estate Agent or Broker representing you. Here are a few reasons why selling as a FSBO is a big mistake.

You’re more likely to Net More Money when you work with a Real Estate Agent, especially in today’s market. According to the National Association of Realtors, Houses sold with an agent net an average of 6% more than those sold on their own. Selling your property on your own can also be difficult from a legal standpoint. Real Estate Agents and Brokers act as a third party to help you avoid legal issues. This is one of the main contributing factors why FSBO has dropped from 19% to 8% over the course of the last 20 years. (NAR)

Not to mention negotiating the deal can get complex. If you try to sell your house on your own you will have to deal with; the buyer, buyer’s agent, home inspector, appraiser (if there’s a question of value), buyer’s attorney and/or buyer’s title company.

Finally, your safety is a priority! My last Blog post was all about “Safely Selling Your Home.” When you sell on your own, it’s very hard to control entry into your home. Real Estate professionals have several months of experience in keeping you safe with proper sanitation measures and COVID-19 guidance. We also use technology such as Virtual Tours and Professional Photographers so buyers can view content safely from their own home, which in return limits the number of parties that will access your home.

All and all, selling your house on your own leaves you to manage the entire transaction by yourself. Before you decide to take on such an immense challenge by yourself, reach out to our office to make sure you’re safe and successful every step of the way and let us handle the transaction for you!

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