Selling your home is not an easy decision. You can choose to sell your home with a realtor or choose to sell your home on your own. Many sellers look at the option of selling without a realtor to save the commission. As home prices go up, so does the commission that a realtor receives. Many sellers are successful in selling their home on their own.  “For Sale by Owner,” (FSBO) is very common.  But when it comes to selling, there are pros and cons to selling your home without a realtor.

Selling your home on your own is more of a challenge when it comes to marketing.  You will not have access to the MLS (Multiple Listing Service) that realtors have access to.  This puts more work on your shoulders as a homeowner. This might lead to your home being “on the market” for much longer than it would have. This is what makes using a realtor look more attractive to them. When you sell your house without a realtor you will need to know your obligations to the buyer.

Many sellers think that selling a home without a realtor is as simple as

  1. deciding to sell,
  2. cleaning the house,
  3. putting up a sign,
  4. depositing the check from the buyer.

But it’s not this simple. There are many factors to consider that professionals can help with. Realtors have experience and can help with everything from staging to price.  They can help you understand curb appeal and help you price it to sell.  When it’s time to sell your home, the appearance of the outside and inside of your home both matter.

Sellers often list their homes for sale by owner so they can save money but in the long run, this can backfire. The longer your house is on the market, the more money it can cost you. This is especially true if you need to sell fast. Reasons you might need to sell fast include relocation due to a job change, or a bad investment property.  In situations like this, lost time is the same thing as lost  money.  And most sellers want to make the most of their time and their money.

Many sellers are surprised to find out that selling a home without a realtor isn’t as easy as they thought. And they quickly discover that agents bring a lot to the table when it comes to being helpful. The research alone can be overwhelming. When you list your home on your own you need to advertise it on many websites and keep track of all the responses. You will also need to know all about your neighborhood, the history of your home, and tax information.

When you sell your home on your own it can cause hidden costs.

These could include not pricing your home high enough. Sellers often drop the price of their home soon after they list it because there isn’t enough traffic.  But others price their home right for the market which is ideal

If you decide to hire a realtor, you will have less work during the selling process.   Your agent handles having you sign all the required documents to get your home listed.  Your realtor will take care of requests for showings and arrange an open house. When buyers show enough interest to make an offer your agent will present offers to you in writing. He or she will advise you on responses to counter offers and the timing of presenting it. Your agent will help you negotiate with potential buyers and come to an agreement on an offer.

Some sellers determine that working with an agent is not right for them. Alternatives include a cash buyer like Fair Property Buyers that can simplify the process. We buy homes in any condition and any circumstances. Even if your home has been neglected and needs repairs, we will buy your home for cash as is. Fair Property Buyers buys homes even if they are in need of repairs or in bad neighborhoods. Don’t fall for someone telling you your home is not sellable because it has been damaged from a fire or flood, or you live in a bad neighborhood.

Fair Property Buyers will make a fair assessment of the value of your home.  The better the condition of your home, the higher the cash offer we will make. You will find that the amount of time it takes to sell your home may vary, depending on many factors. Working with a cash buyer like us, you can have your house sold and have cash in hand in as little as 3 days.  Keep in mind that you are never obligated to take any offer from a buyer.  Our experienced local home buying experts will make a no obligation fair cash offer.

Many sellers are unaware they have the option to sell their home now and move later. This is helpful when you want to relocate but your new home isn’t ready yet.  In this case a sale leaseback is a great option. The seller closes on the deal and then leases the house from the buyer until they are ready to move.  This is a win-win for both parties.

There is never a fee for Fair Property Buyers to look at your home, nor are there any fees when we buy your home for cash. There are no costs to the homeowner ever. We pay all closing costs and we never ask you to make any repairs, clean-up or provide any home inspections. Unlike other companies, when we say there are no costs to the homeowner, we mean it. Many others charge a brokerage fee or commission plus other miscellaneous amounts for their services. We are not one of those companies – we cover all costs associated with the transaction of the sale of your house.

Some sellers come to us during financial trouble or when they are in foreclosure. There are options available that will allow us to purchase your home and still avoid the mark of a foreclosure on your credit record. We have spent years negotiating with banks and are experts in avoiding foreclosure. Remember, it is possible to stop foreclosure and Fair Property Buyers can help you with this.

Fair Property Buyers is a cash house buyer and the foremost home buying company in the nation.  We understand the world of real estate and how it works – especially in today’s market. Our diversity means that we can do and offer many things that other buyers cannot. Our local property experts have been  helping distressed homeowners since 2003.   We are a local cash home buyer  and we understand your unique situation.

 

Greg Bilbro

Greg Bilbro is the CEO and co-founder of Fair Property Buyers. After 20 years as a residential Realtor, Greg founded Fair Property Buyers, a nationwide group of real estate professionals committed to helping homeowners sell their problem properties quickly and easily. Fair Property Buyers helps people across the U.S. sell their homes for a fair cash price, without the hassles. Prior to starting Fair Property Buyers, Greg was a Series 7 and 63 securities and registered investment advisor with New York Life and NYLife Securities, where he was named “Rookie of the Year,” and named the youngest Partner in the U.S. Greg is a native of Texas and holds a Bachelor of Science degree in Biochemistry from the University of New Mexico. He currently hangs his hat in Scottsdale, Arizona with his sidekick Frenchie, “Bity".

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