For sale by owner, or FSBO, is a common real estate tactic that homeowners utilize to sell their properties. One of the biggest reasons for going FSBO when it comes to putting a home on the market is the avoidance of paying real estate commission costs.
If you think you'll save money selling your home by yourself and avoiding the real estate commission that comes along with selling homes via a realtor, you may want to consider what exactly a real estate agent does for you. Yes, you'll have real estate agent fees when you allow a real estate agent to assist you, but these fees can be well worth it. Here are signs you should have a real estate agent sell your home if you are trying to sell it FSBO.
Your home has been on the market for a while
The longer your house sits on the market, the more of a real estate sitting duck you are. When you sell a home FSBO, you are forgoing the real estate agent route of being able to get information about your property out there, and it's up to you to try to find and attract the right demographic for your property. You'll quickly realize it takes more than social media or the local newspaper to sell your home, and if you hire a real estate agent to help you, they can re-list your home so it's new and appealing and will sell fast.
You have no experience selling homes
There is a lot of paperwork that goes into selling a home, and this is something your real estate agent is skilled at. They can help you negotiate terms with potential buyers, can help you understand what a home inspection report reveals and how to respond, and can be the mediator between you and any potential home buyers. What you pay in real estate commissions at the end of the sale of your property you'll make up for in not having to spend much of your personal time selling your home. Your real estate agent will also make sure you get top dollar for your property, which can more than make up for their final fees.
You can choose to sell your home on your own, or you can hire a real estate agent to help you. In many ways, a real estate agent can be your best bet for buying and selling property. Your real estate agent will tell you their fees and what they cover upfront, so you know what to expect when you use them to sell your home.