Have you ever heard or seen the initials FSBO anywhere? If you have, you must be a real estate investor, or a potential investor. FSBO (pronounced as fiz-boe), is a home selling method whereby the owner of the property takes control of the sale. There are no brokers involved or real estate agents. It’s a transactional process that only involved two parties, and that’s the seller and the buyer.
A lot of homeowners who opt for this home selling method are those who don’t want to pay commission, or are trying to sell while saving cash. Right now you’re probably thinking this might be the best method to sell fast in Houston but you’re wrong. Before you go down this road, you need to take into account the cons and not just the pros.
Pro: Lower Commission Fees
The potential to save a lot of money during the process has to be the most appealing reason as to why any seller would sell my home fast without the help of a professional like a real estate agent. Typically, when working with a realtor, you get to pay 6 percent in commission. About 3 percent goes to your listing agent and the other 3 percent goes to the buyer’s agent.
Con: No Pricing Strategy
Pricing a house in Houston, Texas has never been easy. Even for a professional who has years of experience on the job. So you’ll have to be very careful if you don’t intend to work with a realtor or sell directly to We Buy Fast Houston Houses. Public access to marketing data is and has always been limited, and that means you won’t clearly know which property has (or hasn’t) been listed.
Pro: You Get To Steer The Sale
The buck stops at you. However, you shouldn’t get to excited about that because it can be a curse as much as it is a blessing. Sure, it’s good to have the final say on which improvements are important, the property’s listing price, and even who you show it to. But you’ll also have to handle ALL the parts of the transaction whether you’re qualified or not.
Con: Biased Opinion
Agent or not, you’ll be responsible for the listing. Therefore, make sure you have prepared the house for the market as first impressions do account for a lot in this business. Ask for honest and unbiased opinions from your friends and family because potential buyers might not love your interior décor as much as you do.
Pro: Insider Knowledge
You will know your property like the back of your hand. You’ll also know what it’s like being a resident in that neighborhood, and community. It’s the kind of information that only you could provide.
Con: Inaccessibility To Marketing Channels
Yes, you’ll survive with social media tools, but will they really be enough? Will they reach that audience that you’re targeting? Do not make up your mind until you find answers to these questions.
If you need help selling fast in Texas, We Buy Fast Houston Houses has all its doors open for you.
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