DoorFly.com: The Perils of For Sale By Owner

I’ve heard a lot of interesting opinions on this subject. All sides have good points on whether to hire an agent or do FSBO.

A good buddy of mine is planning on doing FSBO here shortly. After listening to his reasons for going this route, he thinks doing FSBO will be easy to manage and sell. I agree with his first statement. If you have great managment skills and time to put toward all the responsibilities needed to sell a home…by all means, give it a try. However, I caution FSBO’s in today’s slow housing market.

Today’s housing market is over saturated with homes for sell. There are way more houses for sale than buyers. I can’t see buyers coming to see a home without a representing agent, unless the home is priced way below the market value.

Below is a great reading on FSBO’s vs. Real Estate agents provided by Fundhomeinfo.com. This source details the pros and cons of both…

FSBO could be for you if:

The real estate market is favoring sellers at the time you put your house on the market
You’re not in a big hurry to sell
You want to save the typical Florida 6% commission that a real estate agent would earn by being involved
You have a good real estate attorney who can protect you through all the legal facets of selling your home
You already have a potential buyer who’s financially
capable of buying your home
You can detach yourself emotionally from your home
You have the time and motivation to learn more about the process, answer phone calls and show your house.

FSBO could be a bad idea if:

You’re in a hurry to sell
You have a hard time handling tension, complications and rejection
You don’t have the right information to price your home: Overpricing unnecessarily delays a sale, while underpricing forfeits any gains you may have made by avoiding an agent’s commission
You’re uncomfortable negotiating
You unknowingly stumble into legal mine fields because you don’t have a real estate attorney on your side.

Benefits of using an agent.

Agents know the market and can help you determine the right price for your home
Agents have a vested interest (commission) in selling your home for the highest amount possible
They have far greater resources than you for locating buyers and steering them to your home, such as the Multiple Listing Service (MLS) and “comp books,” which list recent sale prices of homes similar to yours in your neighborhood—the key determiner of your home’s worth
Agents can advertise your home in classified ads and real estate magazines
They make sure in advance that prospective buyers are financially able to buy your home
Agents aren’t emotionally invested in your home, so they can keep cool, level heads during the negotiating process
They save you valuable time, working many hours behind the scenes for every hour they’re in your presence.

Article Source: http://www.fundhomeinfo.com/template.cfm/3_3_1 - Unkown Author

If you’re a potential FSBO or thinking about the options, please check at DoorFly.com before making the decision on how to sell your home. DoorFly.com saves you money in the form of a realtor rebate and doesn’t require the hard work and management skills needed to be successful with a FSBO. It also allows you to easily find a real estate agent that meets your real estate service needs.

I hope this reading was helpful and gave you some informative home selling advice. Good luck!