There are a multitude of reasons why selling your home yourself may sound resolute. Unfortunately, the reality of the process usually makes the experience something totally different. A single mistake in contract verbiage can end up costing a seller tens of thousands of dollars. Also, liability completely falls on the seller which can bear a host of issues that you may be completely unprepared for. Below are some things to consider before listing your home as “For Sale, By Owner.”
- FSBO listings often sell for less
When homeowners list their homes as FSBO, most studies show that they don’t get as much money for their homes as they can. This is typically because the offers they receive are low to begin with. It also doesn’t help the National Association of Realtors states that only 8% of home sales are conducted FSBO, which is an all-time low. Exploring other options to sell your home will almost certainly be a more lucrative decision.
- Homes that are FSBO spend more time on the market
If selling your Colorado Springs home fast is something that’s important to you, going a different route to sell your home would be your best choice. The only way you would truly not have to worry about your home spending more time than you anticipate on the market is if you know a prospective buyer that is certain to buy the home. The issue is that most times homeowners don’t have proper marketing going into the sales process. A yard sign and newspaper ads is often not enough to get a home sold within a reasonable amount of time.
- Hidden costs & fees add up fast
If after deciding to go the FSBO route, you decide to go the extra mile to spend money on your own marketing, you already understand how quickly the process can become costly. If you know of repairs you’ve need to make that you haven’t yet, or you still need to get your home inspected, then the fees are just beginning. Unless you’re prepared to spend a considerable amount of the profit from selling your home, you’d be best off choosing another method to sell your Colorado Springs home.
- You won’t get the best deal available
Because of all of the different people you’ll be negotiating with, like the buyer and their representative or attorney, your best interests will almost certainly fall to the wayside. Not to mention, you’ll be stuck with the paperwork involved with closing the sale. You only have one opportunity to make sure the paperwork is perfect before you submit it. Otherwise, you’ll have cost yourself a significant amount of money saving the buyer tens of thousands of dollars. If your wary of not getting the best deal possible by listing your home yourself, you should think again before listing your home FSBO.
New Generation Home Buyers is here to ensure that you get the best deal possible for your home in a seamless, efficient process. Since there are so many reasons you may want to sell your Colorado Springs home as fast as possible, there is no charge for contacting us to see what the options available to you are. If you need another option to sell your home that doesn’t involve real-estate agents, or selling your home FSBO, contact New Generation Home Buyers today.