If you’re like many sellers, you’ve considered the possibility of taking the “For Sale by Owner” route. While some people are successful with FSBOs, it isn’t the right choice for everyone – it’s important that you know what goes into selling a home before you try to do it yourself.
What Goes Into Selling a Home?
You probably already know that there’s more to selling a home than simply putting a “For Sale” signing in the front yard.
About 9 percent of people purchase homes after finding them through yard signs; around 1 percent of people buy after finding a home in a newspaper classified ad. That means if you’re selling your home yourself, you’ll need to do more than these two things.
In order to sell a home quickly and at the right price, you need to:
- Advertise your house, including putting it on the Multiple Listing Service, or MLS
- Arrange showings and hold open houses
- Coordinate and negotiate with the buyer’s agent
- Determine the right listing price
- Figure out what similar homes in your area are selling for
- Prepare disclosure forms, as well as other forms and documents
- Receive offers and hold money in escrow
Selling your home yourself may save you some money in commissions that you would ordinarily pay a Realtor®. However, it requires you to do all of these things instead. You’ll also need to know the legal rules that govern real estate transactions in the state of Tennessee.
Why Choosing a Realtor May Be Right for You
About 92 percent of buyers search for homes online. Working with a Realtor is one way to ensure that your home gets in front of those online buyers; he or she will be able to advertise your home on various major websites, including the MLS.
Industry disclosures and regulations have steadily become more complicated, and in the past several years, the number of people selling their own homes successfully has dropped dramatically.
Are You Selling in Williamson or Davidson Counties?
If you’re selling your home in Franklin, Brentwood or any of the surrounding communities, we can help. We create intensive, individualized marketing plans for each of our clients based on market conditions, the seller’s needs and the home, and we’ll be happy to do the same for you.