Thinking about using an FSBO listing? Before you jump 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 San Antonio
Commissions
While many homeowners undertake this difficult task on their own believing they will save thousands on commissions, more often than not they learn too late that this is not the case.
When you list your home, it is likely that you’ll still be working with a real estate agent representing a buyer. This means you will still be paying commissions, which is important to know about using an FSBO listing to sell your house in San Antonio. This doesn’t mean that selling without an agent is a bad idea.
Costly
Setting the right price can mean the difference between a quick sale and your home lingering on the market. If you want to be certain you are on point, you could 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 San Antonio.
Repairs
Another thing you should know about using an FSBO listing to sell your house in San Antonio 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. Property repairs can easily be in the thousands of dollars and that can really cut into your bottom line.
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 San Antonio
Lost Deals
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 San Antonio. 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, 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 San Antonio can be expensive and time-consuming. How long are you willing to wait? Sell My San Antonio House typically closes within 30 days or less, By selling directly to Sell My San Antonio House, you won’t pay any commissions or other fees, what we offer is what you are paid at closing. Sell My San Antonio House 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 (210) 201-6644 today!