5 Good Reasons You Shouldn’t For Sale By Owner Your Seattle WA Home

Some homeowners consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies which work for the buyer and will almost always find some problems with the house.
  • The appraiser if there is a question of value

2. Exposure to Prospective Purchasers

Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

  • 43% on the internet
  • 9% from a yard sign
  • 1% from newspaper

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong Internet strategy is crucial.

4. FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years.

5. You Net More Money when Using a Broker Like Steve and Sandra

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission. Studies have shown that the typical house sold by the homeowner sells for $208,000 while the typical house sold by an agent sells for $235,000. This doesn’t mean that an agent can get $27,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit down with us and see what we have to offer. In the meantime, take a look at our Ultimate Home Selling System and Home Selling Guide.

Steve Hill and Sandra Brenner


SEATTLE-NORTHWEST


Windermere Real Estate

206-769-9577


stevehill@windermere.com


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Posted on February 3, 2015 at 3:05 pm
Steve Hill and Sandra Brenner | Category: Home For Sale by Owner, Real Estate, Seattle Home For Sale, Selling Your Home, Selling Your Seattle Area Home

5 Reasons to Hire a Real Estate Professional

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED  Real Estate Professionals like Steve and Sandra in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover. 

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS“the typical FSBO home sold for $208,000 compared to $235,000 among agent-assisted home sales.” Get the most out of your transaction by hiring a professional.  

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer? Dave Ramsey, the financial guru advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line:

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional like Steve and Sandra?

Give us a call today and ensure you get top dollar in Seattle's competitive home selling market.

Be sure to check out our home selling guide here: Seattle Home Selling Guide. It's full of valuable Seattle home selling information, and best of all, it's free!

Steve Hill and Sandra Brenner

SEATTLE-NORTHWEST

Windermere Real Estate

206-769-9577

stevehill@windermere.com

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BrennerHillReviews.com

Posted on January 26, 2015 at 6:00 pm
Steve Hill and Sandra Brenner | Category: Real Estate, Seattle Home Selling, Seattle Real Estate, Seattle WA Real Estate, Selling Your Seattle Area Home, Top Real Estate Firms

Friday Funny for Real Estate

Funny Real Estate Photos

Click the pics below to see the posts about each one:

7 Unusual Things Spotted in Real Estate Listings

5 reasons homeowners shouldn't appear in RE listings

5 Things to Avoid When Staging House to Sell

Be a Doll and Buy This House

5 Funny Real Estate Photos

6 Creeptastic Real Estate Photos

A Baby Gives a House Tour

5 Ways Dead Animals Can Kill a Real Estate Listing

7 Scary Real Estate Listings

6 Real Estate Photos That Aren't Selling Houses

 

If you are considering selling, give us a call. Your home will never show up on this list!

Steve Hill and Sandra Brenner
Client Satisfaction Superstars
Windermere Real Estate/FN
206-769-9577

Posted on August 16, 2013 at 4:01 pm
Steve Hill and Sandra Brenner | Category: Selling Your Seattle Area Home | Tagged , , ,

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