You get the point
Sellers think the Realtorâ€™s primary job is to find a buyer, I disagree. The most important part of the job comes AFTER the deal goes to escrow; I call it holding it all together. One of my Realtors calls it hostage negotiation.
What else? No E&O insurance, lack of experience, hoping the selling agent will do all of the work for half the money?
I went to the dentist a couple days ago, yet I have my own Dremel drill with all kinds of attachments.
NMLS # 6395
Financing Kentucky One Home at a Time
Using a real estate agent is as much as matter of convenience as it is a matter of "experience". It's the security of knowing that the transaction will be handled professionally and won't turn into a gigantic mess. I'm pretty certain that I could do my taxes myself, represent myself in court, and fix my own brakes - but doing those things would take time away from what I do to make a living. If you don't value your time, or have lots of it, then I would say - try to sell it yourself for a few months. You'll probably realize the value that a professional offers and decide ultimately to list it anyway - after dealing with the questions you don't have the experience to answer, the requests, the phone calls, the emails, the strangers knocking on your door, etc. etc. etc.
The bottom line is - it's relatively easy to figure out what your house should be priced at, take some pictures, plop a sign in your yard, and say your house is "for sale". What you don't have the experience to navigate - is the "unknowns" that will inevitably occur throughout the transaction. Additionally, you don't have access to the MLS, other marketing avenues, or network to increase the odds that truly qualified will ultimately "compete" for your home.
Hope that helps!
They may forget some of the legal aspects of selling a home such as disclosures or Equal Housing Opportunites.
They have limited ability to market their homes because most likely they are working a full time job and don't have the ability to show their home when they aren't there.
Most likely they don't have sales or negotiating experience outside of their own purchases. Let along techniques to increase the amount of offers they will receive in a property.
In ability to recognize offers that have little to no chance of closing verses strong offers.
So these are all factors that play into the situation in addition to that 83% of homes are sold by Real Estate agents.
I say do yourself a favor hire a pro.
The Michael Group
Not understanding the market (what do you know about the 13 homes for sale in your immediate neighborhood?), not having the proper tools to market effectively on the internet (where nearly 90% of buyers begin their search (check out http://www.exitrealty.com/dms)), not having access to an electronic lockbox system that allows a buyer's agent to show your property without you having to drive across town from the upper valley.
Most importantly, not realizing that getting an offer is the easy part - most deals fall apart trying to resolve contingencies just prior to closing. And, statistics show you will probably net less than letting a REALTOR handle it for you.
Why risk the biggest investment that you have probably ever made? Give me just 20 minutes of your time and then decide if you still want to give it a try. (915) 549-1770
It's not like selling a car.
There are so many moving pieces that if you are not actively buying and selling houses all the time, there are just too many details for a normal buyer and seller to keep up with that it exposes them to lots of risk with little or no return.
FSBOs have people coming in their house they don't know and don't know which banks will close on time, which title companies are reputable, what closing costs should be, what marketing resources to use most effectively, where to price as a FSBO.
FSBOs sometimes will tie up their house for a couple of months during the prime selling season with a buyer and lender who can't close....and that alone can costs you way more than you might save.
Unless you are an experienced bome buyer and seller, you are entering a gun battle with a bat. You simply do not have the inside information, the stategies or insight regarding what is happening on the other side of the table.
It would be understandable if a FSBO seller were to jump up and down with joy when receiveing a full price offer for their home and the buyer has not even looked at it! Wow, what a deal! That was EZ. Unless you know the business, you can not realize what is actually taking place.
There is no single biggest mistake.
It is like waling into a building full of swarming bees. You simply don't know which one is going to sting you or exactly how that sting will affect you.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL