Fact or Myth: FSBO Save Money

We've all heard it: For sale by owners saves money. But is it true? Do sellers really save money when they sell their home FSBO?

The short answer is NO. In fact, selling a home FSBO can actually cost you more than if you had hired a real estate agent.

 Let's look at the facts:

 -Most FSBOs don't have a professional photographer shoot photos of their house, which means that buyers aren't seeing the best possible representation of what they're buying. This will make it harder to get top dollar for your home and could even lead to a price reduction after the buyer has inspected it.

 -Most FSBOs don't have an agent who knows how to write an effective listing description or negotiate on their behalf, which means they're often taken advantage of by buyers and/or competing agents who know exactly how much time and effort went into getting them ready to sell the property.

 -Most FSBOs don't have access to listings that aren't yet publicly available online, so they're missing out on potential buyers who are looking in other areas or at other budgets but may not know about this particular property yet (or might forget about it if it doesn't appear in their search results).

-Most FSBOs end up spending more than those who hire a real estate agent. In fact, the average seller who lists their home FSBO spends about $4,000 on expenses like repairs and staging. That adds up to almost $11,000 over the course of a year!

 So if you want to save money on your next move, give us a call!

WE’RE HERE TO GUIDE YOU 

While national real estate trends can provide a “big picture” outlook, real estate is local. And as local market experts, the associates at EXIT Realty Gulf Shores can guide you through the ins and outs of our market and the local issues that are likely to drive home values in your particular neighborhood.

If you’re considering buying or selling a home, contact us now to schedule a free consultation. We can help you assess your options and make the most of this unique real estate landscape.

We are REALTORS ® servicing the communities along the Alabama/Florida Gulf Coast  for 20+ years--Gulf Shores, Orange Beach, Magnolia Springs, Fairhope, Daphne, Spanish Fort, Elberta, Lillian, Robertsdale, Summerdale, Silverhill and Bay Minette.  We also serve Perdido Key and Pensacola.   As the First EXIT Realty office opened in the State, we take pride in our service to our past, current, and future clients! We specialize in Real Estate Sales including REO/Foreclosures, Luxury Homes, Gulf Front Condos, Long Term Rentals, Residential homes, and Commercial Property. Give us a call at 251-974-1288 and speak with one of our trained professionals today!