In today's growing real estate market, they have coined the acronym, "FSBO" which stands for "for sale by owner". It's becoming a more and more popular trend that homeowners are selling their houses themselves without the help of a real estate broker, and thereby keeping the expensive commission fees in their own pockets. In this article, we'll attempt to give you several other reasons why selling your home yourself is beneficial.
Reason #1 - Work Around Your Own Schedule
When you are your own agent, you get to set the times for showing your house or the time you would need to prepare it to get it to show quality. You won't have to leave your home whenever your agent has a showing, and if a buyer makes you an offer, you can entirely eliminate the middlemen of agents working back and forth. You deal directly with the buyer yourself.
Reason #2 - You Have The Most Knowledge Of Your Home
Real Estate Agents may have literally thousands of homes that they are currently representing. There's no possible way that they can know each of them as intimately as you know your own house. When a buyer has a question, you can ensure that it is answered accurately and also what features that the house may offer than an agent may forget about. You can include things like landscaping, remodeling, and other fixes that the house may have undergone while you were the owner.
Reason #3 - You Are The Boss
You don't need an agent telling you what to do with your property. They'll tell you how to fix it up, they'll set the showing times around their own schedules and not yours, and they may even make major decisions like even taking the house off the market temporarily. When you sell your own property, you are in charge of everything and don't have to listen to a Real Estate Agent who makes your decisions for you. If you are using a Realtor, your house may even be on the market for months and you may feel frustrated that he/she doesn't have the time for your place and they are not doing enough to market it properly. When you go the FSBO route, you are able to control all of these situations yourself.
Reason #4 - Priced For A Quick Sale
Some people will inflate the price of their house trying to recoup the loss of commissions that they're paying their broker. Then they come to realize that their house will linger on the market as no one will pay the higher price for it. Eventually, they will have to lower their asking price which they could have set it at in the beginning and sold the house faster if they were selling it themselves.
Reason #5 - Get Visitors From All Over
Instead of getting just local people who are interested in buying property, with a listing on our website, you can literally get viewers from all over the world! When you list your site with us, you'll have potentially an unlimited amount of homebuyers looking at your listing. The National Association of Realtors estimates that 77% of Homebuyers are looking on the Internet to first research their house before they puchase. Our well-trafficked website gets thousands of visitors daily from our advertising campaigns and it only takes one of those thousands of people to purchase your property!
Reason #6 - Less Anxiety
If you are using a Real Estate Agent, you may be anxious about the status of your house listing. You won't be the first one to know when a potential buyer is interested in your house. Furthermore, you won't be able to be the one to make the 'closing deal' with a potential buyer either. Your house is literally left up to someone else's hands who doesn't care whether the house sells quickly or not. They just want their commissions! When you sell your own home, you can get the full story from the homebuyers as if they're really a serious buyer, their own financial situation, and when exactly they will be ready to buy.
As if all of these reasons weren't enough, you should know that above all, you CAN sell your house yourself by cutting out a Real Estate Agent. It's becoming a new trend of the future and more and more families are discovering how to FSBO. With all of the information and resources available to you on our site, there is no reason why you can't too!