{"id":1908,"date":"2017-07-10T10:00:31","date_gmt":"2017-07-10T10:00:31","guid":{"rendered":"https:\/\/thezakariagroup.com\/5-reasons-why-you-should-not-for-sale-by-owner\/"},"modified":"2017-07-10T10:00:31","modified_gmt":"2017-07-10T10:00:31","slug":"5-reasons-why-you-should-not-for-sale-by-owner","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/5-reasons-why-you-should-not-for-sale-by-owner\/","title":{"rendered":"5 Reasons Why You Should Not For Sale By Owner!"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/06\/28141427\/20170710-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"5 Reasons Why You Should Not For Sale By Owner! | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/06\/28141427\/20170710-Share-STM.jpg 750w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/06\/28141427\/20170710-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p>In today\u2019s market, with <a href=\"http:\/\/www.simplifyingthemarket.com\/2017\/06\/15\/are-home-prices-approaching-bubble-territory\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">home prices rising<\/a> and a <a href=\"http:\/\/www.simplifyingthemarket.com\/2017\/06\/30\/existing-home-sales-surge-into-summer-infographic\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">lack of inventory<\/a>, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.<span id=\"more-35816\"><\/span><\/p>\n<p>Here are the top five reasons:<\/p>\n<h4><strong>1. Exposure to Prospective Buyers<\/strong><strong>\u00a0<\/strong><\/h4>\n<p>Recent <a href=\"http:\/\/www.simplifyingthemarket.com\/2017\/04\/10\/the-importance-of-using-a-professional-to-sell-your-home\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">studies<\/a> have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?<\/p>\n<h4><strong>2. Results Come from the Internet<\/strong><\/h4>\n<p>Where did buyers find the homes they actually purchased?<\/p>\n<ul>\n<li>51% on the internet<\/li>\n<li>34% from a Real Estate Agent<\/li>\n<li>8% from a yard sign<\/li>\n<li>1% from newspapers<\/li>\n<\/ul>\n<p>The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.<\/p>\n<h4><strong>3. There Are Too Many People to Negotiate With<\/strong><strong>\u00a0<\/strong><\/h4>\n<p>Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:<\/p>\n<ul>\n<li>The buyer who wants the best deal possible<\/li>\n<li>The buyer\u2019s agent who solely represents the best interest of the buyer<\/li>\n<li>The buyer\u2019s attorney (in some parts of the country)<\/li>\n<li>The home inspection companies, which work for the buyer and will almost always find some problems with the house<\/li>\n<li>The appraiser if there is a question of value<\/li>\n<\/ul>\n<h4><strong>4. FSBOing Has Become More And More Difficult<\/strong><\/h4>\n<p>The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.<strong>\u00a0<\/strong><\/p>\n<p><strong>The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.<\/strong><\/p>\n<h4><strong>5. You Net More Money When Using an Agent<\/strong><strong>\u00a0<\/strong><\/h4>\n<p>Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent\u2019s commission. The seller and buyer can\u2019t both save the commission.<\/p>\n<p><a href=\"https:\/\/www.nar.realtor\/reports\/highlights-from-the-profile-of-home-buyers-and-sellers\">Studies<\/a> have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn\u2019t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Before you decide to take on the challenges of selling your house on your own, let\u2019s get together and discuss the options available in your market today.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,106],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Reasons Why You Should Not For Sale By Owner! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/5-reasons-why-you-should-not-for-sale-by-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Reasons Why You Should Not For Sale By Owner! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"In today\u2019s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). 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