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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16814 S Mountain Stone Trail Phoenix, AZ 85048

$1,499,000
5 Beds
3 Baths
3,650 SqFt
Status Active
MLS # 6772145
Property Type Single Family Residence
Price Type --
**Voted Best Home on Tour** Come experience this newly renovated masterpiece in the coveted gated community of Canyon Verde. Profesionally designed by award winning Traci Pershin Interior Designer. Thoughtfully created with nature inspired shapes, organic textures, and rustic elements. A light, bright, airy, and timeless residence where the stylish interior harmoniously blends with the stunningly designed outdoor space. This breathtaking sanctuary is situated on a hillside cul-de-sac lot with an extended driveway. You will enter the home through the custom lead glass doors offering unobstructed views to the backyard oasis. The formal living and dining room flow seamlessly into the kitchen which opens to the great room making this ideal for both entertaining or casual family living. The remodeled kitchen features shaker style cabinets paired perfectly with honed quartz countertops creating a natural organic feel. The custom vent hood and pot filler will be enjoyed by the cooks in the household. The expansive island serves as a prep space as well as offers additional seating. The dedicated walk-in pantry will help keep things organized and tidy. The great room features a fireplace with rugged stone and a chunky mantle creating a cozy, rustic atmosphere. The expansive windows overlook the majestic mountain views. As you make your way back to the formal living space your eyes will be drawn to the magnificent lighting and the robust ceiling beams. The floating shelves envelop a sleek contemporary fireplace creating a chic and functional design element. The primary bedroom retreat is a tranquil and inviting space where you will experience relaxation and rejuvenation. The spa- like bath features an abundance of custom cabinetry complete with a built-in beverage center, a luxurious walk-in shower, and a stand-alone soaking tub perfectly positioned to enjoy the colorful blooms of the bougainvillea. The walk-in closet has been redesigned for functionality and is sure to please. The property features four additional spacious bedrooms along with 2 full baths. Truly the home will check every box! Make laundry fun again is what you will be thinking when you step inside this spacious laundry room that has ample cabinetry, a storage closet, and a sink that even has a pull-out faucet! And just when you thought a garage could not excite you! In this 3-car garage you will find a water softener, a tankless water heater, and a ceiling mounted extension cord keeping your garage tidy! A custom metal pull-down attic ladder that is built to withstand frequent use and durability. And when you think it can't get any better, you enter the backyard through the wall of window sliders, allowing for an abundance of natural light and seamless indoor-outdoor flow. On the weekends you may find yourself watching your favorite team under the covered patio, floating in your pool or hot tub, grilling on the outdoor grill, or relaxing on the chaise lounges. Whatever it is, you can count on being rejuvenated and ready to take Monday by storm! I think you will agree that 16814 S Mountain Stone Trail is a very special home. It's time for the current owner to pass the torch and share their beloved home with a new buyer. This space has been filled with cherished memories and is ready for someone new to create their own story.

2496 S Geronimo Head Trail Gold Canyon, AZ 85118

$1,499,000
3 Beds
3.5 Baths
4,163 SqFt
Status Active
MLS # 6756384
Property Type Single Family Residence
Price Type --
MOUNTAIN AND SUNSET VIEWS! Remarkable residence located in the prestigious Superstition Mountain Golf and Country Club situated at the foot of the majestic Superstition Mountains. Overlooking the 6th fairway of the Prospector course, this course was featured in the 2023 LPGA tour! A 24-hour secured guard gate leads you to this hidden gem of a neighborhood featuring world class amenities including two Nicklaus designed golf courses, spectacular clubhouse with fine dining, fully appointed sports club, a resort style pool and more. This home is immaculate with so many custom features and upgrades, you truly must see to appreciate. You'll love the exterior stone accents, private courtyard, outdoor kitchen & guest quarters all on one level. The captivating interior boasts archways, 8' alder wood doors, tile flooring, soaring ceilings, & surround sound throughout this well laid out split floor plan. An oversized two car garage just off the laundry room and connected to the main house includes overflow AC keeping it cool on those hot summer days as well as epoxy floors. A single car garage is located adjacent to the guesthouse. Additional amenities include a natural gas Generac generator and full house water softener. You are welcomed through the large front door into the great room with awe inspiring views of the golf course, a massive custom fireplace, and 14-foot ceiling. The chef's kitchen boasts Alder cabinets, granite, butcher block island, pantry and GE Profile refrigerator, gas stove top, oven and Advantium oven. Also featured is a stand-alone ice maker and wine refrigerator. With a view of the courtyard, the formal dining room hosts a table that will seat 10 people, a hutch and buffet. A stylish powder room with glamorous fixtures welcomes your guests. The huge Master Suite with gorgeous bay windows provides breathtaking mountain and golf course views to wake up to every morning, motorized privacy shades, sitting area, huge walk-in closet with custom shelving and W/D hook up. Remodeled master bathroom with tons of natural light includes double vanities, large walk-in shower, separate soaking tub and privacy room for commode. The adjacent Den/Office has custom built in desk, lighting, cabinets and separate exit to the back patio overlooking the golf course. The 2nd Master Suite has a large walk-in closet and an exit to a private sitting area overlooking the golf course. Privacy rules in this separate entry guest quarters offering a living room, a two-way fireplace, a wet bar w/cooler, a bathroom, & a walk-in closet w/stacked washer & dryer. The outdoor kitchen includes a built-in BBQ, granite counter tops and seating, The large, covered patio offers room for dining and sofa seating to enjoy beautiful sunset views and city lights. Don't just imagine! See it! Some furniture also available via separate bill of sale.

7240 N 13th Lane Phoenix, AZ 85021

$1,499,000
5 Beds
4 Baths
3,488 SqFt
Status Active
MLS # 6777591
Property Type Single Family Residence
Price Type --
Welcome to Lexia Manor, a boutique enclave of five exclusive, two-story luxury residences set in North Central Phoenix. This remarkable 5-bed 4-bath home exudes curb appeal w/ sophisticated architecture & high-end finishes. Designed w/ style & functionality in mind, it features stylish cabinetry, premium fixtures, & abundant charm throughout. Inside, discover spacious rooms flooded w/ natural light, w/ each bedroom offering comfort & modern elegance. High-end cabinets & fixtures adorn the home, ensuring every corner is both beautiful & functional. The spacious layout invites gatherings & relaxation, making it perfect for families & entertaining alike. This home is not just a residence; it's a statement of refined living in one of Phoenix's most desirable areas. Come experience the charm, style, & luxury that define life at Lexia Manor.

7120 E Kierland Boulevard Unit 311 Scottsdale, AZ 85254

$1,499,000
3 Beds
3 Baths
1,718 SqFt
Status Active
MLS # 6726461
Property Type Apartment
Price Type --
Experience luxury living in North Scottsdale's prestigious Optima Kierland! This community boasts an array of amenities, including an expansive skydeck with a temperature-controlled pool, indoor putting green, golf simulator, and a world-class fitness center featuring basketball courts, yoga studios, and massage rooms. This RARE 3-bedroom + laundry room west-facing condo is available furnished. The kitchen is equipped with Bosch stainless steel appliances, a wine fridge, quartz countertops, and ceramic tile flooring, seamlessly flowing into the dining and living areas with 9-foot floor-to-ceiling glass windows that open to the balcony terrace. The split floor plan includes three spacious bedrooms, each with walk-in closets, and two parking spaces. Walk to Kierland and Scottsdale Quarter!

8418 W Louise Court Peoria, AZ 85383

$1,499,000
4 Beds
5 Baths
4,025 SqFt
Status Active
MLS # 6724490
Property Type Single Family Residence
Price Type --
Discover this stunning North Peoria home with over 4,000 sq ft of living space on nearly half an acre. Highlights include a large pool with swim-up bar, expansive outdoor BBQ area, golf green, hot tub, misting system, and RV gate. Architectural plans for an RV garage with guest quarters are ready for permitting. Inside, enjoy a wet bar with kegerator, a spacious kitchen with high-end appliances, and a large pantry. The home features 4 en-suite bedrooms, 2 office spaces, and a teen room with a projector screen. The primary closet is fully custom and includes a built-in safe. Additional features include an elegant iron front door, smart home technology, and plantation shutters throughout. Located on a quiet cul-de-sac in a great neighborhood, this home offers luxury and privacy. Don't miss out on this rare find in North Peoria!

5719 E Sweetwater Avenue Scottsdale, AZ 85254

$1,499,000
4 Beds
2.5 Baths
2,875 SqFt
Status Active
MLS # 6738666
Property Type Single Family Residence
Price Type --
Check out this stunning, fully remodeled 4 bedroom plus office / bonus room 2.5 bathroom residence nestled in a quiet setting across the street from 40 acre Sereno Park. This home has undergone extensive upgrades inside and out, top to bottom, soup to nuts... everything is brand new! Multiple indoor and outdoor sitting areas, sparkling rebuilt pool and low maintenance artificial turf. Step into a culinary haven adorned with exquisite granite counters complemented by floorto-ceiling white shaker cabinets that provide ample storage and timeless elegance. Details include sleek tile backsplash and stainless steel GE appliances, Illuminated by gorgeous light fixtures. The master bedroom has sliding glass doors, an en suite bathroom, and a JINORMOUS walk-in closet. This home is a true gem!

745 Stringer Road Munds Park, AZ 86017

$1,499,000
4 Beds
3.5 Baths
3,440 SqFt
Status Active
MLS # 6766318
Property Type Single Family Residence
Price Type --
Located in Munds Park's most desirable and quiet neighborhood, this area features only site-built homes on spacious lots, no trailers or manufactured homes. Just a short walk to Golf, Dining, Pickleball, Swimming, and Social Events. Nearby Lake Odell and Miles of forest Trails offer Great off-Roading, Hiking, and Biking. Enjoy several Patios, Large Great Room with a Stone Fireplace, Soaring Ceilings, and Large Windows. The Luxury Kitchen includes Built-In Appliances, a Gas Cooktop, Granite Counters, and Knotty Alder Cabinetry. The Master Suite features a Fireplace, Balcony, Dual Vanities, Walk-In Shower and Jetted Tub. The second Master Suite on the main floor offers Dual Vanities and a Walk-in Shower. Additional bedrooms with Private Baths, and a Huge Loft with Fireplace and Balcony.

841 E Mclellan Boulevard Phoenix, AZ 85014

$1,499,000
4 Beds
4 Baths
3,740 SqFt
Status Active
MLS # 6724305
Property Type Single Family Residence
Price Type --
This gorgeous home is the perfect house. It boasts 10' ceilings throughout. All four bedrooms have an attached bathroom. The kitchen was recently remodeled, with a beautiful island, granite counters, and high end appliances. There are very few hallways in the house so all the square footage consists of gigantic rooms, perfect for entertaining. It's around the corner from MTA and in the desirable Madison School district.

1227 E Jeanine Drive Tempe, AZ 85284

$1,499,000 - 5Br/4Ba -  for Sale in Corona Ranch Lot 1-43 Tr A-c, Tempe
Open House
$1,499,000
5 Beds
3.5 Baths
4,174 SqFt
Status Active
MLS # 6769630
Property Type Single Family Residence
Price Type --
RARE Corona Ranch basement home with 5 bedrooms and 3.5 half baths is ready for you! This huge corner lot sits on just over a 1/3rd of an acre with mature landscaping, huge pool, built in jacuzzi and outdoor BBQ. Entering you have a huge living space, lots of natural light throughout, plenty of space for everyone to enjoy. Plantation shutters throughout entire house. Full basement has room for all your media, toys, bar and 2 bedrooms w a full bath.Best lot in the community !

10220 E Cochise Drive Scottsdale, AZ 85258

$1,498,000
3 Beds
2.5 Baths
3,133 SqFt
Status Active
MLS # 6716959
Property Type Single Family Residence
Price Type --
THIS STUNNING HOME IS HUGE! THE MAIN ROOMS ARE OVERSIZED. THE YARD IS HUGE!! THE GLASS POOL SPARKLES RAINBOWS!! ITS LIGHT, BRIGHT, IMMACULATE!!!! A NATURALLY LIT 3 CAR GARAGE WITH A FAN. WALK OUTSIDE INTO YOUR BACKYARD OASIS OUT OF ALMOST EVERY ROOM. COOK IN A GRAND KITCHEN WITH IMPRESSIVE CABINETRY. THIS HOME IS AWE-INSPIRING!!!! YOU CAN HAVE LAKE ACESS, WALK IN THE PARK, PLAY TENNIS, VOLLEYBALL, BASKETBALL.... EAT & SHOP AT OUR SHOPPING CENTER, JOIN CLUBS.

8533 E Montello Road Scottsdale, AZ 85266

$1,497,000
3 Beds
3.5 Baths
3,431 SqFt
Status Active
MLS # 6777777
Property Type Single Family Residence
Price Type --
The private Encanto Norte gated community is home to this beautiful single level custom home. The primary suite is a wonderful retreat including his and her walk in closets. The split floor plan has 2 more large bedrooms with ensuite bathrooms. A great room floor plan with an updated kitchen and dining and an office/den. Gorgeous landscaping surrounds a front yard courtyard and accents the beautiful heated pool and spa in the private and spacious backyard entertaining space. The tranquil desert and mountain views complete this private and well maintained property. A new roof and new HVAC are added bonuses to this well priced home.

100 W Northern Avenue Unit 13 Phoenix, AZ 85021

$1,495,500 - 3Br/3Ba -  for Sale in 100 Northern, Phoenix
Open House
$1,495,500
3 Beds
2.5 Baths
3,063 SqFt
Status Active
MLS # 6759072
Property Type Single Family Residence
Price Type --
Welcome to 100 Northern! Nestled in the prime location of North Central Phoenix, this unique, gated new community features 3 different floor plans and only 17 homesites. Experience the elegant sophistication and uncluttered feel of these thoughtful, light flooded designs, where soaring ceilings, sleek lines, and open spaces all converge to evoke a true sense of serene ambiance throughout the home. This 2 level plan features the owner's suite and all primary living on the ground floor with additional bedrooms and flex loft upstairs. Subzero/Wolf appliances, Trane cont. AC units, and tankless water heaters all set the standard for the list of included high-end features. A community pool, dog park and walking path all provide the outdoor enjoyment without the upkeep.

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