What are the benefits of selling a house for sale by owner?

Real Estate | 22 Nov |

With sales expected to exceed $160 billion during 2021, it’s clear that the 2020 real estate boom is far from over. So, if you’re considering selling your home fast, you still have time.

While researching your options, you might have noticed houses advertised as ‘for sale by owner’ while perusing real estate listings.

Are you wondering if this is a good option for you? Here’s what you stand to gain if you go the FSBO route when selling your home.

You’ll Save on Commission

There’s no doubt that a real estate agent can provide invaluable assistance during the home selling process, but they don’t work for free. In return, you’ll need to sacrifice a percentage of the proceeds from the sale of your home.

Avoiding estate agents’ commission is one of the main reasons owners decide to go it alone, but it doesn’t always result in savings.

According to nashville.webuyhouses.com, you might sell your home for less than its home appraisal value if you price it incorrectly, or it could take longer to sell.

For Sale by Owner Puts You in Control

You’re on your own when you sell your home yourself. That means you have the ultimate say when it comes to pricing, marketing, and negotiating with buyers.

You’ll also have free rein regarding preparing your home for sale, staging it, who gets to view it, and whether you want to accept an offer from a cash buyer. 

You’re Your Only Customer

When you sell your home on your own, you never get that nagging suspicion that your real estate agent is overlooking your home in favor of other clients’ offerings.

You know your home best, and you can devote yourself to portraying it as the wonderful abode you know it is. A smart homeowner knows which aspects of their home are most appealing, and which ones to underplay.

Right now, sparse inventory works in your favor, too. With so few homes available, your ‘for sale’ sign won’t go unnoticed for long.

You Have Resources

If you have experience with marketing because of your job or education, you’ve got a head start on most real estate agents already. You already have the know-how needed to get the word out there and make your home seem as appealing as possible.

There are also many resources available to help you sell your home yourself. You can list it on Craigslist, or a huge variety of FSBO websites, market it on social media or advertise it on local notice boards.

What’s more, a large percentage of homes end up getting sold to a friend of a friend even when they’re listed with a realtor. So, you may as well cut out the middleman and use your networking skills to find a buyer.

Getting Started

While selling your home as-is has its appeal when you choose a for sale by owner option, it’s always best to ensure your home is in good shape before you sell it.

Small fixes and modernization go a long way when it comes to attracting buyers fast. So make sure you undertake a few upgrades while preparing your home for sale.

You’ll find plenty of home improvement inspiration on our website, keep reading.

Show Buttons
Hide Buttons