Today’s real estate market can be trying for even the most eager of individuals. Many people might want to avoid the additional commissions, fees, and whatnot that are involved with realtors, yet having that ominous “for sale by owner” (FSBO) sign in their yards could lead to more problems than solutions. What makes a sale more difficult when owners attempt to do it themselves?
When you list a property “for sale by owner,” there is a limited pool of potential buyers. In most cases, the property won’t be showing up on the multiple listing service (MLS). Also, many people think that FSBO sellers are not always the most motivated to sell their properties, and are just putting a sign up to see if they can garner a high asking price. Many times, unfortunately, you see FSBO homes sitting on the market for an unusually long time.
Also, those selling FSBO might not have the experience of an agent in negotiating the best deal. The closing paperwork, if you have never sold a property, can be very complex and confusing. An investor, for example, usually makes the sale as stress-free as possible by handling all the paperwork, closing quickly, buying “as is,” and not charging realtor commissions.
Realtors versus Investors
There are many perks to listing with a realtor. It can be a good idea if the house is in good condition, you are patient, you don’t mind paying additional realtor commissions, and you are looking for a retail price. If the house needs work, however, you are looking to sell quickly, or you don’t want to pay a hefty realtor’s commission, contacting an investor might be a better option than choosing a realtor.
An investor is a great option to get your house sold if you need to sell quickly for whatever reason (including probate, inheritance, divorce, bankruptcy, or relocation, just to name a few). Usually, when investors buy houses, they can buy them in as few as seven days, in as-is condition, and without any realtor commissions. It’s up to you to decide which of these options best serves your ultimate purpose in terms of selling your house.
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