Should You Go Fsbo? | Galeb Real Estate

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By Billy | March 1, 2012

Selling your home yourself can save you thousands of dollars in commissions. But this is not an option everybody should take or even consider - let me tell you why in the next few paragraphs.

No Joke at All

In succinct terms, selling your home can be daunting. You just might have a job that is as fast-paced as a bullet train, as exciting as a good Super Bowl Sunday and as demanding as?well, a demanding job. What if your job demands that you travel a lot? You an entertainer, perhaps? Got long work hours? Do a great deal of study reading just to stay as good at your work tomorrow as you were today? I might have touched a nerve with any of the above descriptions (or maybe more), and if I have, then things are too exciting and/or demanding as of the present for you to go FSBO.

You would be better off seeking the help of a Realtor if you work in a profession that is either one or more of the following - fast-paced, difficult, stressful, exciting, never-a-dull-moment, time-consuming - you get the idea. You would want to conduct interviews with a few agents once you have put your home up on the real estate market. Ask how they market their listings. Find out how the Realtor would keep clients informed about any updates with regards to the marketing of their property. Do not just ask for, but INSIST on references - no references, then tough. And once you have found somebody who leaves you no doubt about his/her skills and experience, then sign that listing agreement. A good agent can give you sound advice and save you a ton of time.

Word to the Tyros

If you are new to buying a home or selling one, then the likelihood of your needing an agent would be greater than others. If you haven?t sold a home or bought one in a good number of years, then copy-paste the last statement onto this one. Ditto if you have not bought or sold a home in this part of the county before. But of course, there will be exceptions to the rule, and you can certainly go whole-hog FSBO if you work for a lender or settlement agent. This would allow you to glean some valuable experience in the industry even if you do not buy or sell homes regularly.

Older people are usually better off working with an agent. In most instances these would be homeowners who have owned their property for several years, even decades. Over time, the property would have appreciated, as the owner insouciantly goes by his/her everyday business. Now the owner wants to ?up the ante?, so to say, and is wanting to buy another piece of property, on one community level, with grounds maintenance and other exterior chores outsourced to an association. They need to sell one home and buy another. The homeowner?s most basic option would be to increase their savings generated from the sale, which would make the operating costs to run the new home lower than that of the old. The idea of making a big change and the multiplicity of accompanying concerns is daunting. This is why I firmly believe hiring somebody with experience can be a boon to any homeowner.

If this sounds like you (whether it may be the first or second situation), then I would advise against your going FSBO.

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Topics: Real Estate Investing |

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