Sunday, February 1, 2015

FOR SALE BY OWNER…MAYBE NOT, IF YOU LOOK AT THE FACTS

The "FSBO" seller has a lot of issues to resolve to successfully sell their home.  They must contract with or negotiate with many entities, which can all snarl up with problems.  To name a few, there is the contract itself, and its inherent liabilities of disclosure, the buyer's agent, which they are likely to have, an inspection company, termite, obligations of radon, mold, and other environmental issues, an escrow company, a title company, and the buyer's lender.  And the facts are 88% of buyers look online and only 21% in the newspaper, while 43% actually buy from an online find, 9% from a sign in the yard, and 1% from a newspaper of other print ads.   Why is this important?  A FSBO simply cannot get their properties into all the search engines that a real estate agent can provide.  They cannot get the world wide exposure that a real estate agency can get, and they can't gain access to the networking core that Realtors have.  If you have all the time in the world, and money, maybe...but the best reason to use an agent?  According to KCMBlog.com, a seller will net on average 13% more, using an agent.  Food for thought.  

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