Using an agent to list your home is still the most preferred choice for homeowners who are considering selling their home.
Yet, there are more homeowners choosing to sell their home without the assistance of a licensed agent. Some homeowners feel like they have the time for this massive undertaking, or that the conveniences of the modern technology have made the process easy for them.
If you’re considering selling your home, be aware of these 3 common for sale by owner (FSBO) mistakes.
Lack of Preparation
The majority of homeowners who choose to sell their home without the help of an agent are normally unprepared for what’s ahead of them. This includes all the necessary paperwork and legal jargon that they are certain to encounter, as well as getting their home ready to sell with home inspections, professional photography, staging, or even registering the home on the Multiple Listing Service (MLS).
Insufficient Market Knowledge
As an agent with more than 25 years experience, I have a comprehensive understanding of the different markets in Toronto, their history, what it takes to price a home competitively, and how to get a home sold fast. Many FSBO listings are priced either too high or too low due to a lack of experience and knowledge. As a result, their home does not generate the same return for the homeowner as it would have if listed with a licensed agent.
Slow Response Rate
Real estate transactions can move very quickly if you’re working with a motivated buyer. It’s not uncommon for homeowners who have full-time jobs or are unfamiliar with the process to get overwhelmed by the real estate experience.
Avoid the nightmare of selling your home by yourself, and contact me today. In my 25 years of selling Toronto real estate I have encountered every inconvenience imaginable, and regularly negotiate for more than market value for their home.