Why You Shouldn’t Sell Your Calgary Home As a For Sale By Owner
In today’s market, it might look really appealing to sell your home yourself. Homes are selling quickly and for top dollar. However not every home sells quickly and there are definitely some things to consider when you are thinking of selling your home. Do you have the time to market your home, answer questions, set up showings and deal with buyers? Do you have real estate expertise? Legal knowledge? The marketing know-how? Selling a house is a complicated, overwhelming and exhausting process—but it doesn’t have to be. Today let’s chat about Why You Shouldn’t Sell Your Calgary Home As For Sale By the Owner.
Typically there are two main types of people that look for FSBO (for sale by owner) homes; Deal Hunters, and unqualified home buyers. Let’s break it down, Deal hunters are the ones that will lowball you and try to get a smoking deal in your home. They will nickel and dime you and they know you may not have the negotiation skills that someone in the real estate professional might have. Worse, they are going to expect a deal right from the beginning, because they know you won’t be paying any commissions.
Unqualified home buyers are people who can’t actually qualify for a home and will often look for Calgary for sale-by-owner opportunities, hoping that the seller will help with the financing. These people are hoping for rent in one situation. This kind of arrangement can work in rare circumstances, but only if the seller isn’t hoping to take significant equity from the property at the time of sale.
Setting a Price to sell your home
Without working in the industry as a realtor, it is hard to know how to price your home for the market. Often a seller is forced to reduce the price and may have to accept less money for the home than the seller would have received had he/she started at the right price. Also if you list your home for the wrong price and it sits on the market for a long time your home value depreciates the longer it is on the market.
A seller selling privately can expect to put a minimum of 80 hours of “work” into the project, without a guaranteed result. This does not account for out-of-pocket expenditures such as advertising, lawn signs, etc. Selling a home CAN be extremely stressful! This is why we as real estate professionals are so useful. We can help price your home so it sells quickly and for top dollar, we have the knowledge and resources to market your home effectively, and we have the training and legal background to help keep you and your property throughout the selling process. Let me take that weight off your shoulders and help make your home selling experience a stress-free one for your family.
If you are considering selling your home and thinking of going the For Sale By Owner way let’s chat! Give me a shout at firstname.lastname@example.org
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