For Sale By Owner: What You Need to Know

FSBO | YOU Need To Know This Before You List Your TACOMA Home

“I can sell my home on my own. How difficult could that be?”

Well, many sellers feel this way. However, potential buyers may not. Your first thought is, you can save money on commission, but do you really?

According to daveramsey.com, sellers using the FSBO, for sale-by-owner option, sold their homes for less than the median sales price of other homes.

There’s so much to consider in selling your home, and it can be overwhelming to say the least.

First things first, start with a deep clean and staging of your home, making it model-home ready.

Prepare your marketing, digital marketing, signs, videos, flyers, just-listed postcards, and properly posting and exposing your home to the masses on social media sites like Facebook, Instagram, Twitter, YouTube, and more can be overwhelming and take an enormous amount of time to learn to do.

Did you get professional photography? Or did you just use your phone? Most buyers are looking online first, then they’ll schedule to see your home. The photos online are the first impression of your home and you never get a second chance at that. Remember, this is a buyer’s largest investment they will make in most cases.

Next, you’re going to start to receive phone calls. Do you have a system in place for follow up and a scheduled set for showings? If a buyer agent calls, are you willing to pay them a commission?

After all of the showings, follow up, and run around, you finally get an offer or you get 10 of them. Well, now what? Does the loan type make a difference in the sale? Is the highest offer the best offer? How do you determine if buyers are qualified? You have an accepted offer.

Do you have the proper connections with the title and escrow company? Did you know what to provide them? Do you have a complete purchase contract?

Escrow is open. Do you have all the disclosures that are required for a successful close of escrow? Do you know how long you have to provide them to the buyer?

Are you overwhelmed yet? Just wait. There’s so much more. You need to coordinate with lenders for the appraisal, with title for signing documents, all while being available for inspections and showing the home to buyers and their parents and their cousins for the third time.

Did you know how long buyers have to perform inspections? What are you obligated to do regarding repairs? What if the appraisal comes in low? Oh my gosh.

Are you exhausted yet? All the while you are supposed to be packing and coordinating your move to your new home. Isn’t that stressful enough? I think I’ve made it abundantly clear why you should hire us at Anne Curry Homes. We handle all this for you and then some. Allow my team and I to relieve you of not only the stress, but some of the time involved in coordinating a smooth escrow. Let’s connect and discuss your real-estate goals and how we can achieve them together.

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