FSBO property listings are one option for homeowners in Northern Kentucky. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to FSBO listings for sale by owner, going it alone isn’t always the right move. The process of selling a home is much harder than it would appear. A 90 percent failure rate for FSBOs trying to sell their own home should give you pause, especially with such an important decision. When you’re ready to select the method you’ll use to sell your home, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about Northern Kentucky FSBO property listings.
Time and Toil
One thing you should know about Northern Kentucky FSBO property listings take a lot of time and hard work. From scheduling appointments with professionals, such as inspectors and appraisers, through open houses and showing the property over and over, you may come to understand why real estate agents earn such high fees for their services.
You should also know that Northern Kentucky FSBO property listings tend to sell for less than if you had worked with an agent. Agents are on top of their game and understand how important it is to screen potential buyers and market the home properly. They also have excellent people skills. Because they aren’t emotionally involved with the house, negotiations tend to have a better outcome. While your actual advertising efforts are critical in the results, so too is how the home presents during the showing.
Repairs are not something you can escape with Northern Kentucky FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.
Legalities and Paperwork
Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners with Northern Kentucky FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
You should also know about holding costs and how they can eat away at the profits of Northern Kentucky FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market. you’ll be left with the mortgage payment and all other expenses to keep the property in saleable condition. Even an agent cannot tell you an exact closing date when listing a property on the Northern Kentucky market.
The most important thing you should know about Northern Kentucky FSBO property listings is that there is another option. Selling directly to We Buy NKY Houses is 100 percent successful for sellers. When you work with We Buy NKY Houses to sell your home, you still get to save the commissions for yourself! We Buy NKY Houses pays cash so that the closing can be in a matter of days.
We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale or a direct sale to We Buy NKY Houses. At We Buy NKY Houses, our goal is to help you make the most profit on your most important investment, your home. Feel free to ask We Buy NKY Houses any questions you may have with no obligations. Send us a message or call We Buy NKY Houses at (859) 412-1940.
We Buy NKY Houses Is Your Trusted Guide In Selling Your Own House
Are you looking to sell your house and you want to know what’s the best option? You are wondering if it’s better to sell your house yourself or if you would rather hire an agent to help you sell your house.
Of course, you want to get as much as possible from your home and as your considering FSBO-for sale by owner- That means not paying any commission to an agent, But you need to take note that there is still a probability that you are gonna pay commission if the buyer is represented by an agent.
If you have questions like: How do you win FSBO listings? Why do owners typically list their property as a FSBO? Then give us a call. Our Real estate experts will be able to answer any questions you have, can make recommendations and may be able to provide you an offer over the phone!