FSBO Woes: Why It's So Hard to Sell Your Own Home?
For most people, a for-sale-by-owner (FSBO) transaction simply isn't what it is seems to be, some people are able to sell their own homes without the services of a real estate agent. Some of these successful do-it-yourselfers are very experienced home sellers. Others are transferring ownership of their home to a child, a coworker or a tenant who's already living in the home. These circumstances are the exception, not the norm, however, for most people, a for-sale-by-owner (FSBO) transaction simply isn't as easy as 1-2-3.
Here are five reasons that make a FSBO very hard to sell.
- Listing price is not correctly determined
- Accessibility to the property is limited especially when both principles work full time
- Terms of sale are not established
- Condition of property is not at market comparables
- Marketing plans are not clear or there is not a Marketing plan in place
On the other hand this is not all ways the case, if your home has just come off the market and hasn't sold, don't be discouraged. The reason your home did not sell may have nothing to do with your home or the market. In reality, your home may have been one of the more desirable properties for sale.
So Why Didn't Your Home Sell?
Last year almost half of the homes listed for sale never sold at all, the main reason for this is that there were an over abundance of homes listed for sale on the market. Many sellers found that there was a tremendous amount a homeowner needed to be educated on to sell their home for top dollar in the shortest period of time. Therefore, if a seller does not educate him/her self on resolving the five reasons listed above, hence, will result in a home that will not sell in a competitive market place.
Don't risk making the wrong choices and losing both time and money on your investment. Before you list your house as a FSBO contact Elias N. Maroun at Elite Realty Company, Inc. and get the right representation, know how, professional service, and marketing plan needed to get your property sold at the right price in the shortest period of time. Call today 1-800-770-5150.
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