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Real Estate Myth: “FSBO” Saves Money

A common myth sellers believe is that selling their home “for sale by owner” (FSBO) is a good idea because it is easy and will save them money. It would be great if selling homes was as simple as putting a for-sale sign in the yard, inputting the home into the MLS, and watching it sell, but sadly it is not.

FSBO’s often end up losing money by not hiring a professional real estate agent. This happens due to several different reasons:

  • FSBO’s price their homes incorrectly, whether is be too high or too low
  • Transactions are often mishandled, ending up in a buyer walking away after weeks under contract
  • FSBO fail to negotiate the best price and terms for their home
  • FSBO’s do not know the best course of action in multiple-offer situations
  • FSBO’s homes do not get the marketing exposure that real estate agents provide As you can imagine, there’s plenty that goes into the dynamic process of selling a home, so hiring the right professional real estate agent should earn you more than they cost. Real Estate agents can provide a wealth of market insights, marketing resources, connections, and advice. Real Estate agents will:
  • Price your home according to the current market trends and your home’s size and condition
  • Handle all of your transactions correctly and efficiently
  • Negotiate the best price and terms for your specific home and situation
  • Guide you through multiple offer situations using practiced methods to compare offers
  • Expose your home to websites and other marketing methods Rather than selling your home FSBO, find a reputable real estate agent in your area that is willing to provide you with a home valuation appointment and is someone that understands your needs.

Contact us if you’re looking for a highly rated, experienced team in the Greater Seattle Area!