For Sale by Owner: What You Need to Know

Jun 21, 2017

Selling property is not for the faint of heart, which is why many homeowners solicit the services of a real estate agent. It is, however, possible for you to earn a profit from property sales without hiring a mediator to negotiate and handle the paperwork. Here are three things that you need to know before going down the road of selling your home on your own.

The Price Needs to Be Right
You may view your home as a diamond in the ruff, but buyers may not see the property in the same light. You need to do a bit of research on houses in the area that are up for sale to determine your home’s listing price. While you may not want to hire a realtor to handle the affair, you can solicit the services of an appraiser to tell you how much your property is worth to diminish the risk of your listing staying on the market for several months.

You Will Work Around the Clock
Once you spread the word about your home for sale, which is a job in itself, you will need to be available for showings and random questions. You should be prepared to take phone calls concerning the property throughout the day. You should also have a flexible schedule as showing prospective buyers the house will be ongoing until you decide on a bidder. Establishing boundaries in your listing is the best way to prevent inquiries from getting out of hand.

You Will Spend Money
You may have the pleasure of keeping the commission that normally goes to the realtor when your house sells, but unloading your property will not be cheap. You will still need to pay for upgrades and unexpected repairs before getting the most out of your home. Hiring a contractor who is capable of patching the roof and installing new floors is an ideal way to save money.

Contact Beaches Title – We Can Help!
Beaches Title is here to assist FSBO in a variety of ways including title searches, document preparation, and escrow services. Contact us today to make your FSBO listing a breeze.