What could be more exciting than selling your house on your own?? Before you commit to listing your house for sale by owner (FSBO), it is important to understand how this method of selling your house can greatly impact the money you receive from the sale and your time required to sell the house. We’ll cover what you should know about using an FSBO listing to sell your house in San Antonio
A driving force behind listing your house FSBO is the thought of saving thousands of dollars on commissions. However, more often than not they learn too late that this is not the case.
Unless this is a direct buyer to seller transaction, which does happen, the buyer will likely be represented by a real estate agent. While you may not have to pay two realtor commissions, you will likely still have some commission, which is important to know about using an FSBO listing to sell your house in San Antonio.
The listing price will be a heavily deciding factor between a quick sale and your home lingering on the market. It is a good idea to get a professional opinion of a an appraiser who will compare your property to recent sales in your area to make sure that. This will help you set a reasonable sales price. You may also wish to enlist the services of a real estate attorney to draft your contract. Other costs to consider are professional photography, virtual tours, and staging the home, all of which are necessary to advertise in today’s real estate marketplace. All of these expenses are important details that you should know about using an FSBO listing to sell your house in San Antonio.
Be prepared for your buyer to order an inspection. This is smart diligence on the part of the buyer and will likely always happen. They may require you to fix anything wrong with the structure as determined by the inspector. This is another cost you will likely incur if you use an FSBO listing to sell your house in San Antonio.
Assuming your house is in a highly desirable area to live, you will likely get flooding with phone calls at all hours from pushy agents trying to schedule viewings. You are going to need to be prepared to vacate the house on short notice or risk losing the sale. Scheduling showings and making certain your home is always ready for walkthroughs can be extremely stressful and cut into important family time. Making certain you meet any pending deadlines for your transaction can also bring added pressure. The paperwork takes time as well, it’s important to be aware that all of these time-eating responsibilities come along with using an FSBO listing to sell your house in San Antonio.
The last thing you want is to get notification a week before closing at your buyers cannot get approved for traditional financing. This can be a huge waste of your time and can add to the stress and emotional roller coaster ride that comes with selling a property. Be prepared that this is another problem with using an FSBO listing to sell your house in San Antonio. Your buyer could have unexpected life changes or a change in their credit score or debt ratio since being prequalified. One thing you can do about it is to only work with preapproved or cash only buyers. Remember, try not to be insulted when working with cash only buyers, they’ll be expecting to pay less for your home due to the advantages that closing a deal in cash brings.
As stated above, while listing your house FSBO in San Antonio is a legitimate option for selling your property, it can be expensive and time-consuming. How long are you willing to wait? While many homeowners successfully seller their house FSBO, it is a good idea to have a real estate professional in your corner. Big Buck Home Buyers typically closes within 30 days or less. By selling directly to Big Buck Home Buyers, you won’t pay any commissions or other fees, what we offer is what you are paid at closing. Big Buck Home Buyers saves you both time and money, we usually purchase homes as-is so you can avoid paying for repairs before closing You won’t have to worry about marketing costs or the headaches of showings. We make it easy! Just send us a message or call (210) 920-5280 today!~