Homeowners in Savannah have the option to sell their homes by themselves – For Sale By Owner (FSBO). “Why not sell it ourselves and avoid paying all those real estate agent commission fees?” Sounds good, right? Going it alone isn’t always the smartest move when it comes to FSBO listings for sale by the owner. The process of selling a home is much more complicated than it appears. 90% of FSBOs who try to sell their own houses fail, which would give anyone pause, but especially with an important decision like selling a house.
It’s vital to have realistic expectations when you’re choosing the method to sell your house, one of your most significant financial assets. Let’s talk about five important points to consider in Savannah for FSBO property listings.
Time and Toil
It takes a lot of time and effort to list an FSBO property in Savannah. Whether scheduling appointments with professionals, such as inspectors and appraisers or holding open houses and showing properties repeatedly, you may learn why real estate agents earn the high fees they do.
Lower Offers
FSBO listings in Savannah are less likely to be sold for more than those listed with an agent. Agents are well versed in the importance of identifying potential buyers and marketing the property correctly. It is vital that your advertising efforts yield results, but it is equally important to ensure that your home presents well during showings. Additionally, real estate agents have excellent communication skills and since they aren’t emotionally attached to the home, negotiations are more likely to achieve a favorable outcome.
Repairs
Repairs are an inevitable part of the process of purchasing an FSBO property in Savannah. Though you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal trouble. You may find that the buyers counteroffer your asking price with extravagant discounts if you do not make the repairs.
Legalities and Paperwork
The paperwork. Sellers usually hire professionals to help them because it is overwhelming to handle all the paperwork. FSBO property sellers in Savannah take on a huge responsibility in making sure all contracts and forms are legitimate. A failure at this point in the process could mean the deal falls through and could cost you even more.
Holding Costs
It is also important to know the effects of holding costs on FSBO property listings in Savannah. Unrealistic expectations about what it takes to sell a home in today’s market could leave the property on the market for far longer than it should. As a result, you will need to pay the mortgage and all other expenses to keep the property in saleable condition. Even agents cannot tell you when a property will be listed on the Savannah market with an exact closing date.
You should know that there is another option for Savannah FSBO property listings. Sellers have a 100 percent success rate when selling directly to 32Homes LLC. Even when you use 32Homes LLC to sell your home, you’ll still save on commissions! 32Homes LLC pays cash so that the closing can be in a matter of days.
If you are considering selling your home, we will go over all of the details of your property and any extenuating circumstances that may be forcing you to sell, in order to determine what your profit margin would be on a traditional home sale or a direct sale to 32Homes LLC. Our goal at 32Homes LLC is to maximize your return on your most important investment, your home. Feel free to ask 32Homes LLC any questions you may have with no obligations. Send us a message or call 32Homes LLC at (912) 421-9907.