As the vignette shows, most people don’t know enough to successfully market their home- For Sale By Owner.
1. They Can’t List It!
Only licensed brokers and agents can create a listing in the MLS
For Sale By Owner houses will be invisible to agents and unavailable on the Web.
2. Agents Won’t Show It.
Typically, a buyer’s agent gets part of the commission paid to the seller’s agent.
For Sale By Owner houses don’t have that commission commitment
so a buyer’s agent might not get paid.
No agents makes the pool of buyers MUCH smaller.
3. It’s Probably Overpriced.
Most For Sale By Owner sellers don’t have enough data and emotional distance to put a market price on their own home.
and overpricing is another deterrent to potential buyers.
4. Buyers Prefer Neutrality
Buyers will spend less time in the For Sale By Owner home
and be less likely to make an offer
because owners aren’t neutral about the transaction.
5. Legalities & Complexities.
Real estate transactions are complicated.
Most homeowners don’t know enough
to avoid potentially expensive liabilities
Overlooking a form or required disclosure exposes the For Sale By Owner seller to lawsuits AFTER the transaction is closed.
There are buyers with enough real estate experience to sell their own home but if you haven’t ever sold someone else’s home…
..you probably shouldn’t try selling your own.
For Sale By Owner? is a post from Life and Real Estate in Campbell CA, which is not to be copied on other sites.