That sounds reasonable, right? Yet, so many of us are really 'just looking' rather than seriously considering changing the location of our home. Why is it that you want a new home? Has your lifestyle changed enough to warrant this type of investment? Until you identify your needs and your wants, you'll find it very difficult to find the home that's right for you.
There are things you should consider before putting your house up for sale by owner (FSBO).
Selling your own home is tougher today than it’s ever been. Informed savvy buyers, a wide spectrum of inventory to choose from, and you have to be in front of the buyers in ways that often mean big headaches for homeowners.
The truth is, the primary reason for most people to sell by owner is that they want more money in their pocket. That is actually not regularly the case. Statistics show that homes sold with an agent sell for higher prices with less deal breaking terms than their FSBO counterparts.
The three biggest reasons homes sell for higher prices and better terms with an agent are:
You've decided to sell your home. You are ready to accept an offer and sell your home today! A piece of cake, right? Not so fast.
Don't guess on the sale price of your home.
Have your real estate agent help determine your home's fair market value. This is not an appraisal for the purpose of a full loan amount, but an appraisal for the true market value. There is a difference! Nothing loses potential buyers faster than an overpriced home. Then, when you lower the price it makes it look like you are getting desperate to sell. On the flip side, you don't want to lose money by selling too cheap. It might get you a fast sale, but you might miss out on several thousand dollars, too.
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