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Beware Selling “For Sale by Owner”

for sale by owner

Selling your home “for sale by owner” can mean a lot of extra work without any extra pay.

With the housing market on the rise and homes selling quickly, it might be the time to consider selling your house. But while many sellers are considering putting a “For Sale by Owner” sign on the front of their home, this sign may be more trouble than it is worth. Selling a for sale by owner property can pose many risks and hazards. Let’s take a look at why you should avoid these kinds of sales.

Negotiation Headaches

When selling a for sale by owner house, it can be extremely frustrating with the number of people you will have to negotiate with. When selling a traditional house, you have a real estate agent who can help you negotiate a price that works for both you and the buyers. But when you choose to do a for sale by owner, you do not have that buffer and are left to negotiate on your own. You will have to negotiate with a number of different people including the buyer, who wants the best deal possible; the buyer’s agent; home inspection companies; and the appraiser, who will question the value of the home based on the findings of the inspector. These negotiations can leave you frustrated and questioning the value of your own house.

Lacking in Exposure

Some studies have found that nearly 89 percent of buyers search online for homes while only 20 percent look at printed newspaper ads. This means promoting the sale of your house in your local newspaper may not be enough to move your property. When working with a real estate agent, you will be able to have your property properly marketed online and through the company’s website.

Net a Profit with an Agent

Most homeowners assume they will save the real estate commission by selling their house on their own. But this is simply not true. Studies have shown that sellers who sell their home for sale by owner end up selling their property for less than when working with an experience agent. Sellers will typically sell their home for more when working with an agent.

If you are thinking about selling your home, avoid selling it for sale by owner and call Simply Referable instead. We will help you get what your property is worth and help you through the process of selling your home. For more information, call Simply Referable today!

Beware for Sale By Owner and Choose Simply Referable Instead

Together, with your Simply Referable team, you’ll cut the right deal for the right price with qualified guidance every step of the way. Every team member is committed to selling your home and forming a lasting bond with your family. Thanks to our roots in the Maryland/DC region, we can help you find your dream home. Contact us online and give us a call at 410-983-9045. To see some of the stunning homes we work with, follow Simply Referable on FacebookTwitterGoogle+PinterestYouTube, and LinkedIn.