Avoid a For Sale by Owner (FSBO)
If you are a motivated seller with cash in hand and you are business savvy, then you may decide that you want to sell your house fast without a reatlor., This method of selling property is known as a for sale by owner (FSBO). An FSBO puts you (the home owner) in charge of the sale from listing to closing. While there are benefits of a for sale by owner we are going to give you reasons why you should avoid a for sale by owner.
Selling your house allows you to maintain more control of the sale, it also saves money on realtor commissions. If you are a good negotiator, you may even make more money on the transaction when selling your house on your own. However, the cost of a for sale by owner far outweighs the benefit. Below, we look at five reasons you should avoid a for sale by owner and consider selling your house as-is for cash.
Avoid a for sale by owner reason #1: Realtors May Not Show Your House
For sale by owner transactions have a bad reputation in the real estate industry because buyer’s agents do not like working with sellers. Buyer's agents do not like working with sellers due to unrealistic expectations, hard-nosed negotiations, and scams. If you choose to sell your house yourself you will have to overcome the stigma of FSBO's. Two ways you can overcome the stigma are by establishing trust and defending your asking price.
Avoid a for sale by owner reason #2: It Can Take Twice As Long to Sell Your House On Your Own
You can sell your house directly to a buyer for cash and avoid a for sale by owner situation. This allows you to close the sale in as little as seven to 21 days. If you hire a realtor and list the house on the market your time frame moves within 60 to 90 days. If you decide to go for an FSBO, your timeline would likely extend to six to 12 months before finding a buyer. If you need to sell your house you want to avoid a for sale by owner.
Avoid a for sale by owner reason #3: Selling a House Is Time-Consuming
Realtors, investors, wholesalers, and companies that buy houses put in long hours to buy and sell property. If a realtor is selling your house, they easily fill the hours of work on marketing the house, scheduling appointments, negotiating with buyers, and closing the sale. If you decide to undertake the sale yourself then you need to prepare to treat it like a side job. Selling your house on your own can take you 20 to 30 hours per week between finding a buyer and closing the deal.
Avoid a for sale by owner reason #4: You Need to Be a Skilled Negotiator
Negotiating a real estate deal is all about psychology. You need to know the buyer’s frame of mind, needs, and pain points. You need to anticipate their objections and be prepared to defend your selling price. Most of the skills needed in negotiating a deal are not intuitive. Rather, they are learned over time. If you cannot negotiate buyers, you will likely sell your house for far less than your original asking price. Or, worse, you will not sell it at all.
Avoid a for sale by owner reason #5: You Still Pay All Selling Expenses
Choosing not to hire a realtor may relieve you of realtor commissions. However, you still incur all the other selling expenses. You still have to pay for inspections, appraisals, repairs, and closing costs, which can all eat into your profits. When you spend thousands of dollars in costs, you have to ask yourself if an FSBO was worth the time and effort.
Is There a Better Alternative to an FSBO?
Yes, there is. Instead of hiring a realtor or attempting an FSBO, you can avoid a for sale by owner and sell your house as-is for cash directly to a company that buys houses in Riverside, California. This type of transaction is known as a cash sale. House Today Cash Tomorrow can buy your house right now using our simple three-step process.
Step 1: Contact Us
Call us today or fill out the form to avoid a for sale by owner. We will call you to discuss your home. We will schedule a quick walkthrough to assess your property. If our services meet your needs, we will make you a CASH offer within 24 to 48 hours. Do not worry about repairs or cleaning your property. We buy houses in as-is.
Step 2: Receive your Cash Offer
After a quick viewing of your house we will make a cash offer. Most offers will come in at just under the current market value of your property. There is no obligation to sell your house. You have nothing to lose and a more convenient sale of your house to gain. See how much cash you can get for your house!
Step 3: We Pay You Cash
If you accept our offer we schedule a close date that is convenient for you. In most cases, we can close in as little as seven days. No repairs or cleaning is necessary – simply walk away from your property with cash in hand.
Sell My House Fast in California
Before you contact the realtor, or list your house on the market you do not want to pass up the chance to sell your house as-is for cash. House Today Cash Tomorrow is a local home buying company here to help you find the simplest solutions and get you cash-in-hand quickly without wasting time and money on repairs and closing costs. We buy houses for cash in California. Call 877-221-8080 today to get a fast cash offer.