Hidden Costs of FSBO

     

While selling your own house sounds like an attractive option at first blush, the truth is that most people fail to take into account the full range of factors involved in houses for sale by owner. While you might have a firm handle on the work that needs to be done on your home to prepare it for sale, and understand the staging process, there are multiple other variants that add to the cost – and time – involved in this undertaking.

The number one difficulty cited by people trying to sell their own homes is comprehending and drawing up the required paperwork.homemoney-mslarge_600x400.jpgThis can pose a serious problem because regulations require certain protocols be followed in order to perform a legal real estate transaction.

Another issue is that FSBO houses typically bring in much less than comps in the area. So while you might think you’re saving money, you’re likely to give more up in the end. Add to this the fact that houses for sale by owner typically take much longer to sell than via alternative methods, and you may be spending a lot of time and effort – plus carrying costs – for little return.

If you need to sell your property quickly, FSBO may not the best choice for you. Even enlisting a real estate agent can be a time-consuming proposition, particularly if extensive work needs to be done to prepare the home for market. Contact us to find out other options for getting cash for your house within a matter of days.

 

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About The Author

Jennifer buys and flips houses in LA & Orange Counties.