5 Reasons Why You Should Not For Sale By Owner!

5 Reasons Why You Should Not For Sale By Owner! | Simplifying The Market

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers 

Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the homes they actually purchased?

  • 51% on the internet
  • 34% from a Real Estate Agent
  • 8% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With 

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years. 

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money When Using an Agent 

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn’t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.  Give me a call – J.P. Cook – 602-320-4253.

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9512 E Altadena Avenue Scottsdale, AZ 85260

$2,495,000
5 Beds
4 Baths
4,319 SqFt
Status Active
MLS # 6793710
Property Type Single Family Residence
Price Type --
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MLS # 6803215
Property Type Single Family Residence
Price Type --
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$2,495,000 - 4Br/6Ba -  for Sale in Los Diamantes, Scottsdale
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Immerse yourself in luxury with this architecturally astounding, one-of-one Modern Coastal Inspired home. This custom-built residence showcases an exceptional use of glass and natural light, creating a stunning visual connection to the outdoors. Property Highlights: Elegant Design: Spanning over 3,500 sq ft, DUO features a spacious open-concept layout ideal for modern living and grand entertaining. Natural light and Views: Floor-to-ceiling glass walls throughout the home offer uninterrupted views of the iconic Camelback Mtn & The Phoenix Mtn Preserve. Modern Coastal Architecture: Project DUO stands out as a one-of-one with its unique Modern Coastal Architecture, imagined with the amazing team at DesignTank and Urban Revival. Integrating high-end materials and finishes, like aggregate concrete driveways and walkways, exposed brick, heat and steam treated exterior rated oak and metal, combined with innovative design to create a visually striking appearance Luxurious Interiors: Every detail has been carefully selected, from the state-of-the-art kitchen with premium appliances and custom cabinetry, to the tranquil bedrooms each with en-suite facilities and walk-in closets. The master suite is particularly impressive, offering a spa-like bathroom and breathtaking CB Mtn views from the moment you open your eyes in the morning. Prime Location: Situated within close proximity to top schools, fine dining, and exclusive shopping, this home offers both privacy and convenience in Phoenix's most coveted neighborhood. This property is more than just a home; it's a masterpiece of modern design and a rare jewel in the Arcadia real estate market. Outdoor Living: Exterior patios and expansive walk-out decks enhance your connection to nature, providing a perfect setting for relaxing and hosting with scenic mountain backdrops. Experience the paragon of modern luxury living with unrivaled views and exquisite design in this exclusive Arcadia residence. Your chance to own this spectacular home is just an inquiry away.

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$2,495,000
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Property Type Single Family Residence
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$2,495,000
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Status Active
MLS # 6788186
Property Type Single Family Residence
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ABSOLUTELY STUNNING Handcrafted Full-Scribe Log Home Nestled Among the Tall Pines and Backing National Forest Property for the Ultimate Mountain Living Experience. This Classic 3000-Square-Foot 3 Bedroom Ranch Style Home has been Featured in the ''Curb Appeal'' Issue of Log Cabin Homes Magazine. From the Western Red Cedar Logs to the Oak Flooring, From the Wapiti Rock Fireplace to the 750 Square Foot Covered Patio, No Expenses Were Spared! The Kitchen has a Wide-Open View of the Rest of the House, Including the ''Family Tree'' a Timber that Supports the Roof Structure from Within. Wolf Appliances, Expansive Granite Countertops, a Large Eat-In Island that Comfortably Sits 4 and Abundant Natural Light Makes for an Environment Like No Other. Please Book Your Very Own Private Tour Today!

8027 E Juan Tabo Road Scottsdale, AZ 85255

$2,495,000
5 Beds
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4,136 SqFt
Status Active Under Contract
MLS # 6804011
Property Type Single Family Residence
Price Type --
This stunning remodeled home, located in the much sought after Pinnacle Peak area of north Scottsdale, combines modern elegance with casual comfort. On just over an acre, this single level home with its split floor plan of 4135 square feet offers 5 bedrooms (or 4 plus an office) and 4 bathrooms, designer upgrades and wonderful outdoor spaces that capture the essence of the Arizona lifestyle. Highlights include 12' ceilings with crown moldings, wide plank wood floors with 7'' tall baseboards, a kitchen with a large walk-in pantry, a Thor 6-burner gas cooktop, custom made shaker cabinets, quartz marble counter tops, a large 11' x 5' island with more storage cabinets on both sides, and custom wood end details that enhance the overall character of the kitchen. Opening to Opening to the family and casual dining area with its banquet seating, you will find the rooms bathed in natural light. Sliding doors give direct access to the patio, pool and garden areas. Separating the kitchen and family room from the more formal living and dining spaces is an entertaining bar with an undercounter SS wine refrigerator and more cabinet space. The open and flowing floorplan of this home allows an easy casual lifestyle for family and for entertaining. Adding warmth and ambiance to the space is the gas-burning fireplace with its large format tiled face and a wall enhanced with designer wood detail. An expansive primary suite offers direct access to the patio and pool area, with a sitting area that is beautifully situated to enjoy the outdoor garden views. The luxurious spa-like ensuite bath standouts with its 76'' Cast Iron Freestanding Tub, double sinks, expansive walk-in shower, and a very large walk-in closet with a second smaller winter closet. Four additional very spacious bedrooms round out the living spaces. Two bedrooms are ensuite and two share a Jack and Jill bath. Along with a guest entrance circular drive allowing for ample parking space, this home also includes a side-entry 3-car garage with two extended bays, epoxied floor and built-in storage cabinets. The resort style backyard is a haven for outdoor living. An expansive covered patio with its cozy seating area in front of the gas fireplace, a salt-water pool with trickling sounds of water running over mounds of rock, luxurious, mature landscaping and a wide-open grass area create the perfect setting for entertaining or relaxing under the stars. Whether as a full-time home or a vacation home, this property offers both tranquility and accessibility. Top ranking schools and the Mayo Clinic are nearby. Spend time hiking the many spectacular trails that are located within minutes from this house: Pinnacle Peak, Tom's Thumb and Brown's ranch, to mention just a few. For golfers, close by are the public golf courses of the TPC, Troon North, Westin at Kierland Golf Club and many others. Perfectly located to both casual and upscale dining and shopping, you are just minutes from DC Ranch Market Place, Kierland Commons and the Scottsdale Quarter. Phoenix Sky Harbor International Airport is approximately a 30 minute drive from this home and Scottsdale's private airport is 15 minutes Click on Documents tab for more detailed information about this home.

20647 E Pummelos Road Queen Creek, AZ 85142

$2,495,000
5 Beds
4.5 Baths
4,889 SqFt
Status Active
MLS # 6755396
Property Type Single Family Residence
Price Type --
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