For sale by owner (FSBO) homes are sold by the homeowner without the help of a realtor. Before you buy a home directly from a homeowner in Houston, Let’s talk about some of the things you should look out for.
There is a 90 percent failure rate for FSBOs trying to sell their own home should give you pause, especially with such an important decision.
When you’re ready to select the method you’ll use to sell your home, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about Houston FSBO property listings.
Time Consuming
One thing you should know about Houston FSBO property listings take a lot of time and hard work.
From scheduling appointments with professionals, such as inspectors and appraisers, through open houses and showing the property over and over, you may come to understand why real estate agents earn such high fees for their services.
Lower Offers
You should also know that Houston FSBO property listings tend to sell for less than if you had worked with an agent.
Agents are on top of their game and understand how important it is to screen potential buyers and market the home properly. They also have excellent people skills.
Because they aren’t emotionally involved with the house, negotiations tend to have a better outcome.
While your actual advertising efforts are critical in the results, so too is how the home presents during the showing.
Repairs
Repairs are not something you can escape with Houston FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water.
Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.
Documents Needed
Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming.
Homeowners with Houston FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit.
Failure on this front could mean a deal falls through and will cost you even more.
Holding Costs
You should also know about holding costs and how they can eat away at the profits of Houston FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market.
You’ll be left with the mortgage payment and all other expenses to keep the property in saleable condition. Even an agent cannot tell you an exact closing date when listing a property on the Houston market.
The most important thing you should know about Houston FSBO property listings is that there is another option.
Selling directly to Sell Your Homes Houston is 100 percent successful for sellers. When you work with Sell Your Homes Houston to sell your home, you still get to save the commissions for yourself! Sell Your Homes Houston pays cash so that the closing can be in a matter of days.
We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale or a direct sale to Sell Your Homes Houston .
At Sell Your Homes Houston , our goal is to help you make the most profit on your most important investment, your home.
Feel free to ask Sell Your Homes Houston any questions you may have with no obligations. Send us a message or call Sell Your Homes Houston at 832-535-2034.