Selling a property can be quite a complex and daunting process.
So, it’s really surprising that some homeowners decide to go through this huge task themselves without the help of an experienced real estate agent.
There are many reasons why people try to sell their homes on their own—for sale by owners (FSBO). Most of these homeowners want to save money that they would have otherwise spent on real estate commission.
However, data from a National Association of Realtors survey shows that less than 10 percent of all home sales are FSBOs. There are serious reasons why nearly 90% of sellers choose to work with a real estate agent.
Here are some of the drawbacks of selling your home on your own:
1. Lack of experience
Unless you’ve sold a house before, you may actually sabotage the process of selling your home due to ignorance and naivety. With no prior real estate experience, you’ll have limited knowledge of the process of selling a property and the complex legislation that goes with it. You may end up putting yourself at risk of non-compliance with real estate legislation.
Real estate agents, such as our team at Showcase Realty, sell properties every day. We know the process inside and out. We have complete knowledge of taking a deal to the final stage and closing it successfully.
2. Incorrect Property Appraisal
As a private seller, you may not have the skills to correctly appraise your home. You may end up overpricing your it, which may deter buyers. On the other hand, you may also make the mistake of underpricing your property resulting in a price lower than the market value.
Real estate agents can create an evaluation of your home based on the current real estate market status. We have access to data which will help us compare your home to other similar properties to see if you are overpricing or selling for too low.
3. Limited Marketing Resources and Strategies
Do you have a marketing strategy that is at par with the real estate market this time of the year?
Most homeowners don’t have the same marketing resources and strategy as an agent. If you choose to sell your home on your own, you will need to pay for advertising costs out of your own pocket.
Marketing is one area where we really shine! We use top marketing, strategies, technology, and systems to give our clients cutting-edge results, at top dollar, and in the least amount of time.
As real estate agents, we also have a wide network of contacts which can help us reach more buyers. This is not just through advertising sites but from our own company databases and potential buyers we’ve come in contact with at other properties. In fact, we have over 35,832 home buyers in waiting for an NC or SC home for sale in our Database.
Selling a home on your own will have a huge impact on your lifestyle. You should not underestimate the time, work, and effort involved in selling a property. It can be a big task for you to coordinate the sale on your spare time.
When you work with us, you have more time for things that matter most while we handle all the tedious particulars of your home sale.
If you’re looking for the best agent to sell your property, you can call me, Nancy Braun at 704-997-3794. My team and I are always ready to assist you with all your real estate needs in Charlotte NC.