Working With A Real Estate Agent
It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.
The first pitfall can come with pricing your property realistically. Homeowners often price their property too high initially, then drastically slash the price when weeks go buy without an offer. Even if a prospective buyer agrees to the initial asking price, there could be complications if the buyers begin to feel that they have agreed to pay too much, or if the lender's appraisal values the property at far less than the agreed-upon price. Some clients hire agents to market their home professionally after weeks or months of trying to sell their own home without success, or after their FSBO transaction fell through.
Read this online and get more information: Working With A Real Estate Agent
The TAG Team
Keller Williams Northland Partners
Phone: (816)268-4444
Email: TheTAGTeam@NUMBER1EXPERT.com
Website:www.myTAGteam.com
It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.
The first pitfall can come with pricing your property realistically. Homeowners often price their property too high initially, then drastically slash the price when weeks go buy without an offer. Even if a prospective buyer agrees to the initial asking price, there could be complications if the buyers begin to feel that they have agreed to pay too much, or if the lender's appraisal values the property at far less than the agreed-upon price. Some clients hire agents to market their home professionally after weeks or months of trying to sell their own home without success, or after their FSBO transaction fell through.
Read this online and get more information: Working With A Real Estate Agent
The TAG Team
Keller Williams Northland Partners
Phone: (816)268-4444
Email: TheTAGTeam@NUMBER1EXPERT.com
Website:www.myTAGteam.com
As a mortgage professional I can attest to the fact that FSBO transactions can sometimes create problems for both the buyer and seller that result in a financial loss of more than what the realtor commission would have been. Homeowners should analyze the pros and cons very thoroughly before attempting a FSBO transaction.
Posted by: John Willoughby | April 22, 2010 at 10:35 AM