5 Solid Reasons Why You Shouldn't FSBO

When it comes time to sell your home at the Lake of the Ozarks, you’ll need to decide if you’re going to hire a real estate agent to help you. Some homeowners believe that they can make more money off the sale of their home by selling it on their own. By avoiding the real estate agent’s commission, you’ll be able to keep more money right? Not necessarily. Keep reading for some solid reasons why you shouldn’t FSBO, or “For Sale By Owner.”

1. FSBOs Generally Sell for Less. 

On average, homes sold by a real estate agent sell for more than the FSBOs do. The right agent will be able to price your property to get the most money in the shortest time. That can get you 10-30% more net profit, and you’re only paying the selling agent 3% commission. Therefore, you’re not really getting more money out of the deal by opting out of hiring a professional real estate agent at the Lake of the Ozarks.

2. Marketing Opportunities are Limited for FSBOs. 

As an individual seller, you’re going to have more limited avenues of marketing. Sure, you can put a sign in your yard and post some pictures on Craigslist and Facebook, but that’s about it. FSBOs don’t get added to the MLS, which is where most buyers go to find a home, and other real estate agents go to find their buyers a home. They also don’t get printed in real estate magazines.

3. FSBOs Typically Sit On The Market Longer. 

Due to the lack of marketing, FSBOs will likely sit on the market longer. Sellers often don’t have the knowledge to price their home properly either, which can result in longer time on the market. Pricing it too high will keep buyers at bay, but pricing it too low conveys that there’s something wrong with the property. In addition, the longer it sits on the market, the less money you’ll get upon final sale.

4. Time Costs the Seller Money. 

Selling a home is a lot of work. Those that choose not to hire a real estate agent need to be prepared to sacrifice a lot of time. From staging and marketing to showing the home and negotiating terms, FSBOs require hard work if you actually want to get it sold. Leave it up to the professionals to do that work and you’ll save time and be a lot less stressed.

5. Sellers Don’t Have the Market Knowledge.  

Real estate agents sell homes for a living; they went to school for it. They are constantly involved in the market and keep up on new trends, etc. When you sell your home without an agent, you’re risking liability issues. Any mistakes you make can cost you greatly. Agents have something called E&O (Errors & Omissions) Insurance that protects them when mistakes are made in contracts.

Avoiding the hassle and hiring an agent to help you is the best route to go! If you’re in need of a qualified Lake of the Ozarks real estate agent to sell your home, trust none other than Eagle’s Nest Realty! We have served the Lake of the Ozarks area for 15+ years, and have the experience needed to get your home sold at a great price! Give us a call at 573-374-0769 to discuss selling your home today.

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