email: nyfraninflorida@aol.com
- Wellington/ West Palm Beach
- 2335 S State Road 7 Suite 500
- Wellington, FL 33414
- Tel: 561-868-2644
- Fax: 561-868-2645
- Dir: 561-307-0471
The FSBO Myth (For Sale By Owner)
Real estate transactions can be tricky. The widespread myth that selling real estate is easy has lured many home sellers into making expensive mistakes by trying (and failing) to sell their own home.
Many people assume that all you need is a sales contract, a classified ad and a "For Sale" sign. But even the most basic step -- setting the correct sale price -- depends on a number of factors. The location, size and condition of your home, the relationship between the local supply of homes and the number of qualified buyers, and the recent selling prices of comparable homes in your neighborhood all affect the market value of your property. Homeowners who sell without a professional realtor often misread the local market and overprice the home.
Sellers might also mishandle contingencies, home inspections, title clearance, deadlines and disclosures. The advice and guidance of an experienced real estate agent is essential to ensure that you avoid the risk of expensive litigation and ensure a successful home sale.
There's More to Selling Your Home than a "For Sale" Sign In Your Front Yard: Beware.Even if a simple sign in your yard did produce a buyer knocking on your door, how will you handle the following questions:
"How does your home compare to others like it in Wellington?"
"How did you determine the fair market value of this property?"
"What about financing? Can you help?"
"If I make an offer, who will draw up the paperwork?"
"Why aren't you using a REALTOR®? Is there something wrong with the property?"
"Since you aren't using a REALTOR®, we can take their fee right off the top, right?"
Selling your home is one of the most important financial transactions you will make in your life. Don't take risks. Selling your home is nothing like selling a car. Every home is different, and every homebuyer wants to offer you as little as possible. How do you determine the real market value?
Almost all homes are sold using a REALTOR®. As a top real estate professional, it is my job to help you negotiate with all those buyers who want something for nothing. Not to mention preparing your home for sale, marketing it locally in Wellington and even nationally, and guiding you through the complex paperwork and pitfalls of escrow and closing. Make sure you are really ready to handle all of that before pounding that sign into your front yard. Errors can be extremely costly.
Remember: Buyers want to offer you as close to nothing as possible! While that "For Sale By Owner" sign might sound like a good idea, it usually means a different thing to buyers: "Try to steal this one."
If you must sell your own home, at least let me give you a sense of its true market value. Tell me a bit about your home, and I'll do a quick Comparative Market Analysis and let you know what I feel it is worth. I'll also describe, as an experienced, top Wellington REALTOR®, how I would market your property. This is free, with no strings attached.
Don't price your home by yourself! It's my job to analyze the Wellington market and determine the true value of your property. It's FREE and without obligation
