Wednesday, April 11, 2018

5 Reasons to Avoid For Sale by Owner

1. YOU DON’T WANT THAT LIABILITY  
If the seller doesn’t know every law and requirement, they open themselves up to lawsuits. It can be easy to make a mistake when you aren’t familiar with the real estate process and specific 

legalities. In addition, the paperwork in general is daunting. A realtor takes this liability and stress off of the seller.

2. FOR SALE BY OWNER HOMES SELL FOR LESS MONEY
Homes listed with a realtor will always outsell for sale by owner (FSBO) homes. According to the 2016 National Association of Realtor’s Profile of Sellers and Buyers, FSBO sold for 16% less. The average FSBO sales price was $185,000, while the average price for a home represented by an agent was $245,000. That's a difference of $60,000! They also attract a lot less buyers because sellers are unfamiliar with the process. Sellers like to have professional representation on both ends to protect them from potential issues.

3. YOU DON’T HAVE THE TIME
There is a reason the majority of sellers use a realtor. It is a full-time job to sell a home, especially if your goal is to sell it quickly and for top dollar. The process of a home sale includes many steps including taking photos, dealing with contracts, hiring an attorney, ensuring the buyer is qualified and finding a title company. Plus, much more!

4. SHOWINGS ARE EXHAUSTING  
Scheduling showings and being there to show your home to potential buyers is draining. In addition to scheduling, you also need to be there to show your home. This is after you cleaned up your home to get ready. Your realtor will handle all of these things plus other nuisance tasks like rejecting unsuitable offers and gathering buyer feedback to make your listing more desirable.

5. MARKETING YOUR HOME TAKES A PROFESSIONAL
Putting a for sale sign in your front yard just doesn’t cut it anymore. Buyers begin their search online and if you aren’t there, they aren’t going to find you. You need exposure and a realtor can offer that through the extensive network of MLS and through fellow agents.

Having a real estate professional sell your home will minimize stress, save time and put more money in your pocket. 

We are ready to help you sell your home.  Please feel free to reach out to us by phone at 218-820-7355 or by email at sales@upnorthproperties.com.