Common FSBO Mistakes

Common FSBO Mistakes | Lissette Ellerbe | LRB Design Studios |Virtual Home Staging

Common FSBO Mistakes

Selling your home on your own as a “For Sale by Owner” (FSBO) can be tempting. With real estate commissions amounting to as much as 7% of the sales price, many owners consider selling their homes on their own to save money. Selling as a FSBO is more complicated than it might seem, but if you can avoid the most common mistakes, you will have a better chance at a good outcome.

Not Pricing the Home Properly – Doing market research on your own is tough. Too often a FSBO is not priced correctly

Not Advertising Properly – Marketing a home is more than an ad in the local newspaper. FSBO sellers can utilize online tools like Zillow and Trulia, just like the agents.

Saying Too Much To Buyers – Homeowners are rightly proud of their homes, but telling buyers everything they know about the home, good or bad, can turn off a potential buyer.

Not Disclosing Problems or Defects – Just because the home is being sold by the seller, it doesn’t mean they are not subject to the laws governing seller disclosures.

Not Negotiating Terms – Not only the price, but the terms are negotiable. Selling a home without an agent can be successful.

Without doing the proper research ahead of time to know what to expect, it might end up costing more in the long run.

When you're preparing your home for market, it makes sense to assess what improvements can be made so that you're not leaving money on the table at closing that you could have gained back by increasing the value of your property.

But what are those improvements? By the time you sell, the window of opportunity to make strategic improvements is small, and you may be limited by market conditions and time constraints.

What if we worked together well before a sale, with my expertise as a strategic partner in assessing opportunities for home improvements?Learn how we can help sell your home faster and for a higher price.

 

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