FSBO - For Sale By Owner Advice

Real estate transactions can be extremely difficult. The common myth that selling real estate is easy has lured many home sellers into making expensive mistakes by trying to sell their own home.

Real Estate Agents are needed more than ever in the current market. There are currently over 7,000 listings in the Pikes Peak MLS. Real Estate Agents are using every marketing advantage they can create against their competing agents to get their listings sold. What can a For Sale By Owner home do to beat this competition? Not much as the best Realtors in the market have powerful marketing systems in place that no FSBO marketing can compete with.

Many people assume that all you need is a sales contract, an internet ad, a classified ad and a "For Sale" sign. The most basic step of setting the correct sales price is often overlooked and leads to overpricing the home. It is imperative to have a professional provide a market analysis and weigh all of the most important factors of a property including but not limited to; the location, size and condition of the home, recent selling prices in the area, and the relationship between the local supply of homes and the number of qualified buyers.

Many problems can arise throughout any regular transaction. An experienced Realtor can handle any number of problems as they have probably seen it before. Sellers in the FSBO process do not have this type of experience and might mishandle contingencies, home inspections, title clearance, deadlines, disclosures and any other problem that could arise(There is not enough space to list the 1000’s of things that could go wrong). The advice and guidance of an experienced real estate agent is essential to ensure that you avoid the risk of expensive litigation and ensure a successful home sale. Who do you want to handle one of your most expensive investments?