Selling your home privately may seem like the best option especially if your reason is to avoid paying realtors fees. Because all the profit you made from the sale of the house will yours. Well this is not a bad idea, in the real estate industry, it’s known as FSBO (for sale by owner).
However, this idea might be best for some people, but not the best for others. The reason is that most people have no idea, skill, or experience on how to sell a house considering that there are many processes involved. If you mess up the process, you may end up spending more than you were trying to avoid initially which is why you should involve an expert in your transactions.
What Are The Risks Of Selling Your Home Privately?
- You Might Overvalue or Undervalue Your Home
The fact that you’re inexperienced in selling houses is already a disadvantage which means you don’t know how many houses are sold for in your area. Only real estate agents can know the actual selling price of houses in your area.
They also know the best time to adjust the prices for different locations, depending on the market. If you make the mistake of not getting your pricing right, your house may end up spending more time on the market which may make potential buyers think your house isn’t worth buying after all. At the same time, you could sell your house for far less than the actual value.
The fact remains that selling your house without a realtor especially when it comes to setting the right price can be disastrous.
- You Don’t Get An Honest Opinion On the State Of Your Home
A good realtor knows what a buyer wants so they’ll give you an honest review on whether your house meets all the requirements. They’ll do your research on the potential buyers and work with you to ensure your house gets off the market in record time.
Real estate can link you up with a professional stager who can make changes to your home to suit your buyer’s preference. Now, you can’t do this on your own; you don’t even know if your house is up to the taste of the buyer. This for sure is another setback when trying to sell your house privately.
- You’ll Have To Sell Your Home All By Yourself
Now, selling a house is a difficult task even for traditional realtors who already have the skill and experience. Then there’s you without any prior experience of selling a house. You have zero knowledge of the processes involved and you don’t have the same time a realtor has on his hands. Plus the fact that you have to put your house up for sale on different sites, newspapers and even run some classified ads. This sounds like a lot of work but can be easily avoided if you assign the task to a professional realtor.
However, there’s an alternative to selling your house through a realtor, which is selling to a reliable cash house buyer. At Preferred House Buyers, we’re reliable cash home buyers Conroe and we help our customers get their houses off the market fast. We buy houses Conroe without extra fees such as realtor fees. Also, you’ll not be required to make any renovations because we buy houses as-is. If you’re looking to sell my house fast Conroe, we at Preferred House Buyers are your best option.