Windsor Place Condos for Sale

Windsor Place Condos

24/7 Sales: 623-451-6698
Watch List
Phoenix Condo Directory
Login   Connect


Main Content

Real Estate FSBO Advice

Granted, some people are able to sell
their own homes without the services of a real estate agent. Some of these
successful do-it-yourselfers are very experienced home sellers. Others are
transferring ownership of their home to a child, a coworker or a tenant who's
already living in the home. These circumstances are the exception, not the norm,
however. For most people, a for-sale-by-owner (FSBO) transaction simply isn't in
the cards. Here are five reasons why.

1. FSBOs can't list their home in the
FSBOs aren't permitted to put their home in the multiple listing
service (MLS) because these industry membership organizations are open only to
licensed real estate brokers and agents. FSBOs are also locked out of many home
search engines and Web sites, including this site. Sure, a
determined FSBO can put a for-sale sign in his or her front yard and run a tiny
advertisement in the local newspaper, but the home won't receive nearly as much
exposure as it would through the MLS.

2. Agents won't show FSBO homes.
In a typical home sale, the buyer's agent receives a percentage of the
commission that the seller pays the listing agent. Without a listing agreement,
there's no guarantee that the buyer's agent will be compensated for his or her
services, unless the buyer has signed a buyer's brokerage agreement that
specifically provides for such compensation. Even if a FSBO offers to pay the
buyer's side of the commission, most agents won't want to go through a
transaction with an unsophisticated self-represented seller across the table.
That means the pool of potential buyers for FSBO homes is limited primarily to
un-represented and probably unqualified prospects.

3. FSBOs usually overprice their
Like most homeowners, most FSBOs honestly believe their own home is
worth more than comparable homes in the same neighborhood. Usually, they're
wrong. A real estate agent can provide an update on market conditions, an
assessment of the likely selling price of the home and tips for improving the
home's buyer appeal. Overpricing a for-sale home is a sure way to deter
potential buyers.

4. Buyers will feel intimidated.
Potential buyers will spend less time in a for-sale home if the owner is present
during the showing, and they'll be shy about discussing its pluses and minuses
with their own agent if the owner is within earshot. Buyers will also be less
inclined to make an offer if they know they'll be negotiating directly with the
seller. Having an agent on each side creates an effective emotional buffer
between the seller and buyer.

5. FSBOs are likely to stumble into
legal trouble.
Real estate transactions are fraught with potential liability
for unwary sellers, particularly in states that have extensive disclosure
requirements (e.g., California). A FSBO who overlooks even one required form or
legally mandated disclosure could face a protracted and expensive buyer lawsuit
after the transaction closes.

Selling your home? We’re here to help you price it right – get a comparative market analysis today.
Contact Information Required fields are marked *
Optional Details


Stephanie Moser
Send Me A Message
Contact Photo

© 2019 ®. All rights reserved. - Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers. This website is not affiliated with any various condominium associations, their management, or the developer of any particular building/complex. By using this site you agree explicitly to understand the aforementioned as well as the terms of use and privacy policies. The information contained on this website is for general information purposes only.

Arizona Association of REALTORS assumes no responsibility for errors or omissions in the contents on the Service. In no event shall Arizona Association of REALTORS be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. Arizona Association of REALTORS reserves the right to make additions, deletions, or modification to the contents on the Service at any time without prior notice.   Copyright © 2020 All Rights Reserved. Real Estate Website Design by MJA Marketing