We're back! Last week we started talking about the benefits and pitfalls of working in a For Sale By Owner (or FSBO) situation. We learned about scams, liabilities, and the dreaded paperwork. This week, from Inman.com, here are some MORE reasons why it’s worth it to trust an agent to be your representative in the sale or purchase of your next property:
4. Sellers can get the short end of the stick.
Simply put, as a seller, you stand the risk that you could find something that was wrong or an error in the negotiations. As a seller, you have now been put in the position of either paying the buyer to get out of the deal (if they're kind enough to go along with it) or you are going to have to just accept fate and let the deal proceed as planned to your detriment. As agents, we can protect you from being put in that position to begin with.
5. FSBOs sell at a lower price.
It's not easy to truly know the value of your home. And everyone has a different idea of value. Many times, owners simply don't know the process of properly pricing the home for market, and it ends up costing you, the seller. Especially if you sell to family and friends. You try to give them a good deal. Unfortunately, that means they just gave YOU the bad deal. Some friends, right? Instead, contact an agent you trust to get you the most for your property, who will negotiate like it's their own home and won't end up losing you money anyway. (On that note, have you seen the How I Serve Sellers page?)
6. FSBOs take longer to sell.
Just like a property can be priced too low, a property can equally be priced too high. Again, as an owner, you may not be fully aware of the value of your property. The honest truth is that a seller has an over-inflated idea of how much their house is worth. Trust me when I say that a potential buyer is not going to think your house is worth more because your kids and grandkids got married in the backyard. Again, call an agent you trust, and they will tell you what the right price to list is. From there, they can list it at a competitive price, and advertise it properly, which is another thing that FSBOs typically don't get.
But that's not all! Stay tuned for next week, when we'll continue our series of “Why Working with an Agent Is Better Than for Sale by Owner"!
Dusty Rhodes Properties is the Best Realtor in Myrtle Beach! We do everything in our power to help you find the home of your dreams. With experience, expertise, and passion, we are the perfect partner for you in Myrtle Beach, South Carolina. We love what we do and it shows. With more than 22 years of experience in the field, we know our industry like the back of our hands. There’s no challenge too big or too small, and we dedicate our utmost energy to every project we take on. We search thousands of the active and new listings from Aynor, Carolina Forest, Conway, Garden City Beach, Longs, Loris, Murrells Inlet, Myrtle Beach, North Myrtle Beach, Pawleys Island, and Surfside Beach real estate listings to find the hottest deals just for you!
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