FSBO property listings are one option for homeowners in the DFW area. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to listing for sale by owner, going it alone isn’t always the right move. The process of selling a home is much harder than it would appear. A 90 percent failure rate for FSBOs trying to sell their own home should give you pause, especially with such an important decision.
When you’re ready to select the method you’ll use to sell your home, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about DFW FSBO property listings.
1. Time & Toil
One thing you should know about DFW FSBO property listings is that they take a lot of time and hard work. From scheduling appointments with professionals, such as inspectors and appraisers, through open houses and showing the property over and over, you may come to understand why real estate agents earn a fee for their services.
2. Lower Offers
You should also know that DFW FSBO property listings tend to sell for less than if you had worked with an agent. Agents are on top of their game and understand how important it is to screen potential buyers and market the home properly. They also have excellent people skills. Because they aren’t emotionally involved with the house, negotiations tend to have a better outcome. While your actual advertising efforts are critical in the results, so too is how the home presents during the showing.
Repairs are not something you can escape with DFW FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.
4. Legalities & Paperwork
Paperwork. (Ugh.) Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners with DFW FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
5. Holding Costs
You should also know about holding costs and how they can eat away at the profits from a DFW FSBO property listing. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market. You’ll be left with the mortgage payment and all other expenses to keep the property in sellable condition. Even an agent cannot tell you an exact closing date when listing a property in the DFW marketplace.
The most important thing you should know about DFW FSBO property listings is that there is another option. Selling directly to Helping Hands Home Advisors is 100 percent successful for sellers. When you work with us to sell your home, you’ll STILL get to save the commissions for yourself! Helping Hands Home Advisors pays cash so that the closing can take place in a matter of days.
We will go over all of the details on your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale versus a direct sale to our professional buyers. At Helping Hands Home Advisors, our goal is to help you make the most profit on your most important investment—your home. Feel free to ask us any questions you may have with absolutely no obligations. Send us a message or call Helping Hands Home Advisors at 214-466-6771 today!