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Avoid For Sale by Owner Shortcomings
By Kerry Oman | June 14, 2011
There are several ways to sell a home in Mapleton. The most common way is to work side by side with a real estate agent like Kerry Oman, who can help in the process of preparing, listing, and selling your home. For sale by owner (FSBO) is one viable alternative. This method allows you to bypass the agent and puts the decisions in your hands.
At first, selling your home without the help of an agent seems like a great idea. Right now Utah County has an extremely tough real estate market, and an agent will certainly cost more money. An agent may even cause the price of your home to go up, thus prolonging its market time. Not to mention that going without an agent means that you are now in control—you don’t have to work your already busy schedule around someone else’s.
However, most professional real estate businesses will tell you that a fair amount of legwork comes with selling a home by way of FSBO. In general, people who don’t have any sort of real estate background simply don’t have adequate knowledge about home sales. Most people who try to go without a real estate agent find themselves turning to contract lawyers and home inspectors in the end anyway. In order to sell a house in Mapleton or Springville, you would have to be prepared to:
Sift through all of your potential buyers. Not all “potential buyers” have the intention or the ability to actually buy a home. One issue is “window shoppers” who make a hobby out of searching for homes; but the bigger problem comes with those who have not been pre-approved or pre-qualified for a home loan. It may seem like they sincerely want to make an offer on your home, but many times the bank simply will not back them up on it. If they do make an offer, the entire process could be stalled for weeks while all of the details are sorted through., only to have the whole deal fall through in the end.
Negotiate the real estate contract. Selling a home almost always requires a contract that requires a long and tedious process. The contract must go through an attorney, a title or escrow company, and finally a notary. Most people haven’t had any experience with contract law in relation to buying or selling a house. It can be both time-consuming and pricey to try to sort through these details on your own. Real estate agents, on the other hand, have the right connections, experience, and expertise to push all the paperwork through without forgetting about the little details that will maximize your return when the process is over.
Display your home properly. A real estate agent such as Kerry Oman has a distinct advantage when it comes to showcasing, preparing, and listing your house for sale. Unlike most homeowners, an agent has the emotional detachment that is necessary in order to make positive changes to your home, or to list the home at the optimal market price.
Work with real estate agents. Because over 90% of people work with a Mapleton real estate agent when buying or selling a home, the people who come to look at your house are most likely working with an agent of their own. Unfortunately, both brokers and real estate agents are less likely to show their clients FSBO homes. This drastically reduces your number of applicants.
Naturally, any opportunity to save money in the process of selling a house seems like a good idea at the outset. But, as with most things, taking the shortcut is not always the best option. In the end, most people wind up spending far more time and effort in the process of selling a home by themselves than they ever would, had they decided to use a real estate agent. Selling a house in Mapleton can be a difficult process, but Kerry Oman can help you to sidestep many of the obstacles that come with it.
Topics: Mapleton Homes for Sale, Springville Real Estate, Utah County Real Estate | No Comments »