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Wednesday, May 02, 2018

For Sale By Owner - If Its Not Working Read This.....

The current real estate market in Brevard County, Florida is a seller's market.  Simply put, it means there are more sellers than buyers.

In such a climate some sellers opt to sell it on their own (For Sale By Owner).   After all, buying and selling real estate is easy, right?   

Most of the FSBO sellers I have met through the years thought they had more room more room to negotiate (or sell lower since they were not paying a real estate agent).   Also, though not spoken, I am sure many were of the opinion "what does  a real estate agent do for a seller?"  

Seems pretty easy to sell a house, right?   Put a sign out front, go to Zillow and get a price (because everyone knows Zillow is the gospel of values, right?)  By the way... this is called sarcasm. 

But what happens if the price is low?   It will sell pretty quickly.  And I guess that is is OK because the seller had room to sell lower since they were not paying an agent, right? 

Still, for buyers, get your own real estate agent - even if you are thinking about buying a for sale by owner property.  

Why should a FSBO buyer get an agent?   Buying a home is one of the most expensive and potentially life changing decisions one can make.  It is too important to go in with partial or incomplete information. 

Whether a buyer is experienced or inexperienced their own real estate agent can guide them through the process, prepare the offer (after preparing a comparative market analysis and showing  the competition), oversee the inspections, guide document reviews (associations, deed restrictions, disclosures) and protect your interest.

Finally.... not all for sale by owner attempts are successful.

Many FSBOs see the light and call a Realtor to sell their home. 

Some FSBOs do not want to admit defeat and try to swim against the current! 

If you are considering selling your Viera, Florida home as a sale by owner, the below articles may be helpful. 

If you are considering hiring a real estate agent to sell your Viera, Florida home, these posts will definitely help you!

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