Are you thinking of listing your Nashville TN home FSBO – For Sale By Owner, or are you already trying to sell your home yourself? There’s More to Selling Your Home than a “For Sale” Sign In Your Front Yard.
According to the National Association of Realtors, fewer than 10 percent of home sales are open-market FSBOs. Before you decide to put your home for sale by owner have a plan on how you will handle the following questions that are commonly asked by Nashville TN homebuyers when looking at a FSBO:
“How does this home compare to others like it in Nashville, Brentwood and Franklin?”
“How did you determine the fair market value of this property?”
“What about financing? Can you help?”
“If I make an offer, who will draw up the paperwork?”
“Why aren’t you using a real estate agent? Is there something wrong with the property?”
“Since you aren’t using a real estate agent, we can take their fee right off the top, right?”
Selling your Nashville TN home is one of the most important financial transactions you will make in your life. Don’t take risks. Selling your home is nothing like selling a car. Every home is different, and every homebuyer wants to offer you as little as possible. How do you determine the real market value?
Almost all homes are sold using a real estate agent. As a top TN real estate professional, it is my job to help you negotiate with all those buyers who want something for nothing. Not to mention preparing your home for sale, marketing it locally in Nashville, Brentwood and Franklin and even nationally, and guiding you through the complex paperwork and pitfalls of escrow and closing. Make sure you are really ready to handle all of that before pounding that sign into your front yard. Errors can be extremely costly.
Remember: Buyers want to offer you as close to nothing as possible! While that “For Sale By Owner” sign might sound like a good idea, it usually means a different thing to buyers: “Try to steal this one.”
If you must sell your own home, at least let me give you a sense of its true market value. Tell me a bit about your home, and I’ll do a quick Comparative Market Analysis and let you know what I feel it is worth. I’ll also describe, as an experienced, top Nashville, Brentwood and Franklin real estate agent, how I would market your property. This is free, with no strings attached.
Get familiar with real estate terminology. Click here for a “dictionary” of real estate definitions.
Click here for more tips on selling your Nashville TN home yourself.
One Comment
I agree that it’s risky to try and sell your home on your own. With today’s market you need all the exposure you can get. Plus you need the expertise of an experience real estate professional to properly value the home, and make sure all the details are taken care of during the contract and sale.
Well, hopefully things will pick up now that we know what the stimulus package looks like and the weather is turning warm.
The stimulus isn’t as good as what many of us had hoped for but at least it will give first time buyers a boost and they can free up sellers to move up, down or around the market.
I have a post on my blog that I started to help sell my house where you can get the details of what will finally be signed and download the pertinent section of the committee report.
Cheers!