Advertising
Advertising

Here’s 4 Reasons Why You Shouldn’t Sell Your House Yourself

Here’s 4 Reasons Why You Shouldn’t Sell Your House Yourself

If you’re even remotely considering selling your home, then no doubt the thought of selling it on your own (fisbo style), has at least crossed your mind.  How do I know this, because every homeowner across this great country has done the same thing when they decided to sell.  It’s in our nature to fend for ourselves, to hold onto any equity that we can rather than just give it away to a realtor that may not be able to get your home sold for the amount originally agreed on anyway.

Think of this though, if a seasoned realtor can, at times, have difficulty moving their inventory, what makes you think that you have what it takes to get the job done on your own?  Here’s a few compelling reasons why you should seriously re-consider not selling your house yourself.

Advertising

You Don’t Know What You Don’t Know

Most homeowners that decide to sell without the services of a licensed broker are treading murky waters.  The truth is that even though we live in the information age, finding out what what your home is worth is not not just as easy as heading over to Zillow or Trulia and entering your address.  Part of the value that realtors bring to the table is their access to their local board’s MLS data.

Every realtor in your city that sells a home that is listed on the MLS is required to enter all sales data for that transaction within days of the sale.  This means that realtors can accurately see the breadth of the market as well as accurately determine the the current value of your home in merely minutes.  Fact is, that unless you cough up money for a formal appraisal, you may not know what your home is truly worth.

Advertising

You Won’t Get Enough Market Exposure

It’s sad when I spot a FSBO sign in a front yard while driving through a neighborhood; cause I know that chances are that the sign I just saw is the only form of marketing that homeowner is doing.  What the home owner doesn’t realize is how many buyers need to see that sign in order to actually produce a serious, ready, willing, and able buyer.

The number could be in the hundreds, and I promise you that the number of actual qualified buyers that drive by that house will be very few.  Even if you’re home happens to be located in a popular city like San Antonio or San Diego where investors are buying houses with cash, they may not even know that you’re home exists.

Advertising

In my experience, most of the “pre-qualified buyers” are already represented by agents, that are off viewing houses that they were shown to by their agents.  Agents only look on the MLS when trying to find homes for their buyers, so if your home isn’t listed in there, then you’ve just removed a very large pool of available buyers.

Marketing on third party real estate websites like Redfin or Zillow can offer greater exposure of your home, but be prepared to get a lot of tire kickers and “unqualified” buyers contacting you.

Advertising

Your Inexperience Could Cost You

How many times have you negotiate closing costs, sales price, or even repairs with a home buyer?  I’d bet you can count them all on one hand.  Like it or not, most real estate agents have much more experience in the industry than you will ever have, and in real estate, inexperience can translate into financial losses.

Why?  Cause some real estate agent’s are constantly educating themselves to be better at their job; negotiating on behalf of their clients.  They work hard to obtain certifications such as the certified negotiations expert designation.  If a buyer is more well-versed than a lone ranger seller on how & when to properly negotiate items in a real estate transaction, then potentially thousands could be at risk.

Time Is Money

Before taking the leap to sell by owner, in order to save the 6% commission, try calculating what your time is worth in dollars.  Then, estimate how many hours you’ll realistically need to work to get your house sold.  If you’re time is worth anywhere close to what mine is worth to me, then that 6% commission sure starts looking more attractive.

To Sum It All Up

Sure, it’s possible to sell a house without using an agent, but if you should decide to forego hiring a professional to help you, then don’t be deceived into thinking that you’re actually saving a lot of money. There’s a good reason why 85% of home owners listed with a real estate agent when selling their home.  When counting the true costs of selling fsbo, you could end up on the loosing end of the equation.

More by this author

James Vasquez

Real Estate Investor

Man focused on selling his home himself Here’s 4 Reasons Why You Shouldn’t Sell Your House Yourself Here Are 6 Free Hacks To Help Estimate What Your Home Is Truly Worth Here Are 6 Free Hacks To Help Estimate What Your Home Is Truly Worth 5 Signs It's Time To Fire Your Real Estate Agent 5 Signs That It’s Time To Fire Your Realtor

Trending in DIY

1 11 Killer Ways To Get Rid Of Roaches Without Harming You 2 12 Quick And Safe Ways To Get Rid Of A Stye 3 Complete Guide To Getting Rid Of Flies In The House 4 Bedroom Makeover 101: Enhancing The Most Important Place In Your Home 5 7 Effective Ways To A Happy And Healthier Home You Probably Never Knew

Read Next

Advertising
Advertising
Advertising

Last Updated on July 18, 2019

10 Small Changes To Make Your House Feel Like A Home

10 Small Changes To Make Your House Feel Like A Home

Your house is more than just a building that you live in. It should be a home that makes you feel welcome as soon as you open the front door.

Making your house feel like a home is not something that simply happens on its own. You need to make some changes to a house when you move in, to give it that cozy, warm feeling that turns it into a true home. To help you speed the process, follow this guide to 10 small changes to make your house feel like a home.

1. Make the Windows Your Own

When you move into a home, they often come with boring Venetian blinds or less than attractive curtains.

One of the best ways you can instantly warm your home and make it showcase your style is to add some new window dressing. Adding beautiful curtains not only improves your home’s appearance, but it can also help to control the temperature.

2. Put up Some Art

If you have a lot of bare walls in your home, it will seem sterile no matter how beautiful your paint or wallpaper is.

Advertising

Hanging art on the walls will instantly give it personality and make it feel like home.

3. Improve the Aroma

A house that is not filled with inviting smells will never feel like a home. There are loads of ways you can make your home smell nice. There are tons of air fresheners on the market you can use.

Incense and scented candles are a nice option as well. Don’t forget that baking in a home is also a great way to fill it with an aroma that instantly smells like home as soon as you open the front door.

4. Put out Lots of Pillows and Throws

A great way to make your home look warm and inviting is to place lots of pillows and throws out on the furniture. It is much better to have too many pillows than not enough.

There is nothing like the feeling of sinking into a cushiony pillow that feels like a cloud to make you feel like you are at home.

Advertising

5. Instantly Class up Your Closet

If your closet is filled with wire or plastic hangers, it will never truly feel homey. To instantly make your closet feel classy, change out your old hangers for wooden ones.

Not only do they look great, but they are better for hanging your clothes as well.

6. Improve Your Air Quality

One of the most overlooked ways to make your house feel more like a home is to improve its air quality.

The easiest and best way to upgrade the air quality in your home is to change the old, dirty filters in your furnace regularly. Get some air filters delivered to your home so that you always have some on hand.

7. Fill it with Plants

Another way to improve the air quality in your home is to fill it with plants. You should have plants in every room of your home.

Advertising

They help to improve the air quality and they look beautiful. As well as making your home appear homier, plants also help to boost your mood and lower your stress levels.

8. Change the Doorknobs

Most people don’t really give their doorknobs a second thought unless they are broken. That is a shame because changing your doorknobs is an easy way to add personality to your home.

Changing your old, boring doorknobs to new ones that are works of art will instantly brighten your home.

9. Upgrade Your Tub or Shower

There is nothing like luxuriating in a whirlpool bath or steam shower to make the cares of the day melt away. Your family deserves a bit of luxury when they are in their bathroom.

Install a new shower or tub today to make your bathroom worthy of a place in your home.

Advertising

10. Fresh Cut Flowers

You can make any room in your house feel homier by placing a vase full of beautiful flowers in it. The gorgeous look and intoxicating aroma of fresh cut flowers will immediately brighten your day when you encounter them.

You don’t have to make all these changes at once. Try one or two a day though, and your house will feel like a home before you know it. The trick is to constantly keep adding these homey touches to make your home a place worthy of its name.

Featured photo credit: https://www.pexels.com/photo/black-wooden-round-analog-wall-clock-on-brown-wooden-wall-121537/ via unsplash.com

Read Next