I have had several people come to me because they were thinking about going For Sale By Owner (FSBO) and they wanted a second opinion. They have all been very happy that they did. The reason for this is dealing with a mass market instead of a segmented market. Please allow me to explain.
Right now I coach my sellers to tell absolutely no one that they are selling their home. That seems very counter intuitive. The reason is that right now there are far more buyers out than there are houses for them to buy. Houses are getting multiple offers, and buyers that are offering above list price are still missing out on getting the deal. So if you put your house up For Sale By Owner, and one of those buyers notices your sign, there is a good chance that you are going to get your house under contract. The problem is that all of the other buyers who would have been interested in your property never get a chance to compete against this buyer. You leave money on the table.
On top of that, all of this is just step one. Negotiating the inspection addendum, dealing with all of the issues that can and will come up in this emotional time, and things that you would not believe happen in a real estate transaction, make leaving money on the table a minor issue in some instances.
My advice is to hire someone who knows what they are doing. I have already spent more on my education and training to be a realtor than I spent on four years of college. Call me. You can reach me at 515.639.0047 or RyanLynch@KW.com. Let me help!
~Ryan Lynch
