For Sale by Owner Home Selling Option Could Leave You Stranded
For Sale by Owner could prove out to be a penny wise, pound foolish way
Indeed, one of the largest transactions of your life needs to be handled diligently and professionally. Sure, you may be good at what you do, but Realtors are best at what they do: selling and buying homes, so you don’t have to sell your home as a For Sale by Owner listing.
For Sale by Owner can be both a challenge and a risk
However easy it may sound, For Sale by Owner sellers have not one, but many daunting tasks to take care of. Right from pricing their property, to home staging, to booking appointments, to showing property to prospective buyers, to handling visits and calls from real estate agents soliciting them for their listing.
For Sale of Owner type of sellers may also receive ridiculous price offers from investors who are looking to grab a deal. Unless you have the thick skin of a seasoned salesperson, you might feel intimidated and end up selling your property well below its worth. Not to forget all the legalities and details that need to be looked into while preparing the paperwork to ensure a smooth closing.
Most Difficult Tasks for “For Sale by Owner” (FSBO)
Source: NARS 2012
Understanding and performing real estate paperwork
Setting the right price for your home
Preparing/ fixing up home for sale
Helping buyer obtain financing
Attracting potential buyers
Selling within the planned length of time
Having enough time to devote to all aspects of the sale
Piece of Advice for “For Sale by Owner” Sellers
There are many things you can do yourself – entrust the task of selling Mississauga home in the capable hands of a Real Estate professional!
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.