Monday, July 29, 2019
Top 5 Reasons You Should NOT FSBO

Real Estate Rock Hill, Real Estate Rock Hill SC, Real Estate South Carolina, Real Estate SC, Rock Hill Real Estate, South Carolina Real Estate, Home for sale Rock Hill, Homes for Sale Rock Hill, Homes for Sale South Carolina, Home for Sale Rock Hill, New Listings Rock Hill, Realtor Rock Hill, Rock Hill Realtor, Rock Hill Realty, Realty Rock Hill, Real Estate Brokerage Rock Hill, Rock Hill Real Estate Brokerage, Just Listed Rock Hill, Rock Hill Homes Just Listed, Rock Hill Commercial, Rock Hill Investment, Real Estate, Real estate agent, Real Estate Company Rock Hill, Real Estate Companies Rock Hill, Real Estate Company Rock Hill SC, Real Estate Companies Rock Hill SC, Real Estate Agent Rock Hill, Real Estate Rock Hill SC, Realtor Rock Hill, Rock Hill Realtor, Rock Hill Realtor SC, Real Estate Agents Rock Hill SC, real estate broker Rock Hill SC, real estate investor Rock Hill SC, real estate investing Rock Hill SC, real estate life Rock Hill, real estate for sale Rock Hill, Real estate expert Rock Hill, home for sale, house for sale, property for sale, just listed, house hunting, house hunt, new listing, million dollar homes rock hill sc,   #RealEstate, #RealEstateAgent, #RealEstateBroker, #RealEstateInvestor, #RealEstateInvesting, #RealEstateLife, #RealEstateForSale, #RealEstateExpert, #Realtor, #Realty, #Broker, #HomeForSale, #HouseForSale, #PropertyForSale, #JustListed, #HouseHunting, #HouseHunt, #NewListing, #MillionDollarHome #nexthomeplatinumadvantage #platinumadvantagerealty,

Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers.

The top 5 reasons are listed below:

1. Online Strategy for Prospective Purchasers

Recent studies have shown that 95% of buyers search online for a home. In comparison, only 13% use print newspaper ads. Most real estate agents have an Internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

  • 50% on the Internet
  • 28% from a Real Estate Agent
  • 7% from a yard sign
  • 1% from newspapers

The days of selling your house by putting up a sign and listing it in the paper are long gone. Having a strong Internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent, who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser, if there is a question of value

4. FSBOing Has Become Increasingly Difficult

The paperwork involved in the process has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 7% over the last 20 years.

5. You Net More Money When Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

A study by Collateral Analytics revealed that FSBOs don’t actually save anything by forgoing the help of an agent. In some cases, they may actually cost themselves more. One of the main reasons for the price difference at the time of sale is:

“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”

The more buyers that view a home, the greater the chance of a bidding war for the property. The study found the difference in price between comparable homes of size and location is currently at an average of 6%.

Listing on your own leaves you to manage the entire transaction yourself. Why do that when you can hire an agent without additional cost?

Bottom Line

Before you decide to take on the challenge of selling your house on your own, let’s get together to discuss your needs.


NextHome Platinum Advantage is a progressive real estate company with cutting-edge Thinking, award-winning real estate Marketing, driven by Technology and a Client-First attitude!


NEXTHOME PLATINUM ADVANTAGE
(803) 324-NEXT (6398)
1048 OAKLAND DRIVE ROCK HILL, SC 29732

NextHome Platinum Advantage on Facebook NextHome Platinum Advantage on Google Plus NextHome Platinum Advantage on LinkedIn NextHome Platinum Advantage on Twitter NextHome Platinum Advantage on YouTube NextHome Platinum Advantage Realty on Pinterest NextHome Platinum Advantage on Instagram NextHome Platinum Advantage Realty on Yelp!

Back
Lisa Renee BakerLisa Renee Baker
REALTOR/BROKER NC & SC, CEO of NextHome Platinum Advantage