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*For everyone’s safety we take phone appointments as well as in-person appointments*
Although realtors make the home selling process a lot easier, some buyers choose to go FSBO. Learn more about selling a home without realtor here.
According to the National Association of Realtors, around 10 percent of homes were sold by owners last year. If you need to sell your home and are looking to keep costs down, it’s certainly a tempting route to consider. Realtors typically charge between 5 and 6 percent of the sale price of the home for their services.
But is “for sale by owner” (FSBO) really as attractive as it sounds? Will it save you lots of money for relatively little time and effort? Let’s explore nine pros and cons of selling a home without a realtor to learn more about what it’s really like.
There are times when you just need to sell your home fast and move on with your life. You may have inherited a property and have no interest in living in it or renting it out. Or you may be going through a major life event, such as a recent bereavement or a divorce.
You’re looking to save money any way you can, and this brings onto the definite pros of selling a home without a realtor.
If you’re prepared to do the work yourself, you will have certain fees to pay. You’ll still need to pay listing fees with online realty sites and pay for professional photographs. But you could definitely save big time by going it alone.
They may have strong opinions about how to stage the home, how to market it, and even how much the property is worth. It takes a lot of confidence to stand up to an experienced professional if you feel they’re heading down the wrong track. This can make for an uncomfortable experience, and you may not achieve the sale price you want.
The NAR report quoted at the outset shows that the average sale price of FSBO homes was $225,000 in 2021. Homes sold by realtors averaged $330,000. Of course, there may be other variables at play, but the difference is stark.
Price your home too high, and people will disregard it as out of their price range. You’ll miss out on motivated buyers and crucial early showings. If you do get someone interested, they may run into issues with the appraisal.
Price it too low, and buyers will be suspicious. They’ll wonder what’s wrong with it, and it may put them off.
During showings, potential buyers can be harsh. They may talk about flaws in the property that you can’t see. A realtor can absorb that feedback and help you to use it constructively.
Also, most of us are not property marketing experts. So when the time comes to really sell your home to potential buyers, do you have the skills to do so? Working with a realtor takes this load off your shoulders
There are pros and cons to selling a home without a realtor. But the good news is that there is a way that’s much easier than FSBO. A way that allows you to get the home selling price you need without having to pay a listing fee.
At First Choice Home Buyers, we buy Pennsylvania homes as-is for cash. No need for an appraisal, no repairs, and no realtors. We make you an offer, and if you’re happy, we’ll handle the rest for you.
To learn more about the process or to request a valuation, call us at 717-744-9113 or reach out online today!
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