If you’re looking to sell your home or property, you essentially have two options: Realtor, and FSBO (For Sale By Owner). Both have their advantages and disadvantages, so it’s important to do your research and get to know your options before you decide.
This article will help explain the differences between the two so you can make an informed decision before proceeding with the listing. Here are some things to consider:
1. Paperwork. As you probably already know, there is usually a lot of paperwork involved in any big financial transaction. Real estate is no different. Both you and the buyer can lose time and money if something is done incorrectly. Some people are very detail-oriented and may even have a background in realty or law, so this won’t pose too much of a problem for them should they decide to sell their home on their own. Others, however, could greatly benefit from a real estate agent with the know-how to help them wade through the tedium.
2. Legal issues. The law can often be a confusing maze of jargon and mumbo-jumbo to the uninitiated. If you don’t have a background in real estate law, you will probably be unaware of certain clauses and actions that can be taken by both the seller and the buyer. Real estate agents are handy in this situation because they are specifically trained to deal with those issues, so if you’re planning on selling your home on your own, make sure to do your homework and bone-up on the legal issues.
3. Marketing. As we’ve discussed before, finding the correct price for your home in your housing market can be a difficult task. But pricing is only one aspect of marketing your home for sale. You also need to present your sale to potential buyers. Posting ads and putting up signs help, but it’s not enough. Real estate agents do all of this for a living. They know how to reach buyers and how to sell effectively.
There are pros and cons to each method of selling. Real estate agents sell homes and properties for a living, meaning they are well-equipped and highly prepared to sell your home quickly. FSBO, on the other hand, can end up saving you tens of thousands of dollars in realtor fees. Whatever your decision, make sure you know what you’re getting into before you jump in.
But how about you? Would you rather sell your home on your own, or go through an agent?
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property. http://pdxrenovations.com/