Have you given any thought to an FSBO listing? Before you make a hasty decision and dive into the for sale by owner (FSBO) waters, it’s important to understand how the costs of this method of listing a home can cut deeply into your time and money. We’ll cover what you should know about using an FSBO listing to sell your house in Knoxville
Commissions
While some homeowners believe taking this difficult task on their own will save them big bucks on commissions, more often than not they learn too late that this is not always true.
When you decide to list your home, it is likely that you will end up working with a real estate agent representing a buyer, that’s just the way it is. This means you will still be paying commissions, which is important to know about using an FSBO listing to sell your house in Knoxville. Remember, just because you’ve decided to go the FSBO route doesn’t mean you can avoid commissions..
Costly
Do your due diligence. Pricing your home accordingly can mean the difference between a fast sale and your home lingering on the market with no end in sight. If you want to be certain you are on point, you should hire a professional appraiser who will compare your property to those nearest, which have sold recently. You may also wish to enlist the services of a real estate attorney to draft your contract. Advertising in today’s real estate marketplace means using professional photography, virtual tours, and staging the home, all of which can be expensive. All of these expenses are important details that you should know about using an FSBO listing to sell your house in Knoxville.
Repairs
One more thing you should know about using an FSBO listing to sell your house in Knoxville is that buyers will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes. While this is the standard procedure, East Tennessee Home Buyers will never ask you to swing a hammer or make any repairs!
Commitments
Are you available to show your house with 24-hour notice, or less? Ready for the phone to ring at all hours, often the calls are from pushy and eager buyers agents. 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 Knoxville
Lost Deals
Unlike cash home buyers near me, many buyers using traditional financing can waste your time by failing to qualify for their loan after going through all of the previous steps in a real estate transaction, this is another problem with using an FSBO listing to sell your house in Knoxville. 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 such as we buy houses Knoxville. They’ll be expecting to pay less for your home due to the advantages that closing a deal in cash brings.
Using an FSBO listing to sell your house in Knoxville can be expensive and time-consuming. How long are you willing to wait? Your typical investor like we buy houses Knoxville typically closes within 30 days or less, By selling directly to East Tennessee Home Buyers LLC, you won’t pay any commissions or other fees, what we offer is what you are paid at closing. East Tennessee Home Buyers LLC 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 (865) 935-8680 today!