FSBO Selling the Wrong Way!

Everyone wants to save on real estate commissions these days and thus you see the high number of FSBO's springing up in the market. With real estate commissions threatening to take away much of a homeowner's profit, it only makes it more tempting to go the FSBO way.

It's alright to go the FSBO way if you do it the right way. Here are some common reasons why FSBO Homeowners fail to sell their homes and eventually have to resort going to a real estate agent:

1. Out-pricing yourself: It's understandable that your price takes into consideration the fact that a buyer's going to negotiate and also that your home has better quality interiors to show off than others in the area, but still you can't afford to over-price your home. Home buyers buy on budgets. You'd be limiting a lot of your prospective buyers by pricing your home out of the market. Look at what similar homes are being priced at, price your home at a similar level. You're saving on the commissions, so you can afford to be not too greedy with the price and sacrifice some of it for a quick and easy sale.
2. Petty and Foolish Negotiations: Here's another reason why most FSBO sales fall through. The buyer requests for the dining table to be included in the sale and the seller refuses, only to realize later that it'd cost him quite a bit just to transport the same to his new home and he'd have been better off selling it off with the house albeit at a slightly higher price. Sometimes you've got to look at the larger picture and take all factors into consideration when negotiating your house deal.
3. Improper Marketing: A lot of homeowners don't bother doing enough advertising for their home to attract enough potential buyers. The internet is one medium which no homeowner can afford to ignore when considering the advertising of their home. There are plenty of websites out there which advertise homes at very reasonable rates. One of the more popular and hugely successful FSBO websites is ChoiceOfHomes.com, which has helped homeowners sell their homes without an agent in less than 90 days.
4. Untidy presentation: Your house needs to be neat and presentable when a buyer comes to visit your home. Your home is a product and it needs to be presented in it's best state for a buyer to consider buying it. You have to attract the attention of the buyer and make him want your home. Many FSBO homeowners just feel too lazy cleaning up their homes for a good viewing to potential buyers.

If you're looking to sell your home the FSBO way, make sure you avoid making these common mistakes. Best of luck and wish you a successful home sale!