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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8002 E Via Del Sol Drive Scottsdale, AZ 85255

$1,300,000
3 Beds
2 Baths
2,733 SqFt
Status Active
MLS # 6781969
Property Type Single Family Residence
Price Type --
Nestled on a serene and ultra-private 1+ acre lot, this meticulously maintained home offers a perfect blend of tranquility and space. Located in the sought-after gated community of Pinnacle Peak Estates 2, these homes rarely come on the market, especially with its coveted cul-de-sac location. Boasting 3 bedrooms plus an office with a closet, this residence features a cozy family room that seamlessly connects to a bright, airy kitchen, thanks to numerous windows that invite natural light. Enjoy the warmth of two fireplaces—one in the family room and another in the primary bedroom—along with charming plantation shutters and ceiling fans throughout. With some updating and your imagination, this home can transform into your dream sanctuary. There's ample room to expand, making it perfect for personalizing your space. No current NAOS to preserve, If expanding, just need to allocate 25% to NAOS as required by current Scottsdale standards. Step outside to discover a tranquil backyard featuring a soothing water fountain, creating a zen-like atmosphere ideal for relaxation. The stunning fenced Pebble Tec pool, complete with a pop-up cleaning system, invites you to unwind and enjoy the serene surroundings. The expansive covered patio, equipped with a BBQ, is an ideal setting for entertaining guests or savoring quiet mornings while soaking in breathtaking views of the surrounding desert landscape or the McDowell Mountains from the front of the home. Additional highlights include a newer hot water heater, outdoor security cameras, and a low HOA fee of just $450 annually. Arrive via the circular driveway and feel the peace and uniqueness of this architectural treasure. Don't miss your chance to own this beautiful home in a quiet, peaceful location your dream home awaits!

16076 E Ridgestone Drive Fountain Hills, AZ 85268

$1,300,000
3 Beds
3.5 Baths
1,915 SqFt
Status Active
MLS # 6771065
Property Type Single Family Residence
Price Type --
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4330 S Neutron -- Mesa, AZ 85212

$1,300,000
3 Beds
2.5 Baths
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Status Active
MLS # 6730383
Property Type Single Family Residence
Price Type --
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1011 Dusty Lane Show Low, AZ 85901

$1,300,000
3 Beds
2.5 Baths
3,422 SqFt
Status Active
MLS # 6658000
Property Type Single Family Residence
Price Type --
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35203 W Indian School Road Tonopah, AZ 85354

$1,300,000
3 Beds
2 Baths
2,520 SqFt
Status Active
MLS # 6742738
Property Type Single Family Residence
Price Type --
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376 N Iron Horse Drive Coolidge, AZ 85128

$1,300,000
6 Beds
4.5 Baths
3,121 SqFt
Status Active
MLS # 6751108
Property Type Single Family Residence
Price Type --
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3218 S Jackrabbit Trail Buckeye, AZ 85326

$1,300,000
4 Beds
2 Baths
2,136 SqFt
Status Active
MLS # 6767926
Property Type Single Family Residence
Price Type --
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8757 E Lariat Lane Scottsdale, AZ 85255

$1,300,000
3 Beds
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Status Active
MLS # 6776524
Property Type Single Family Residence
Price Type --
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7538 E Larkspur Drive Scottsdale, AZ 85260

$1,300,000
4 Beds
2.5 Baths
2,726 SqFt
Status Active Under Contract
MLS # 6728734
Property Type Single Family Residence
Price Type --
Nestled in Scottsdale, this fully remodeled four-bedroom, 2.5-bath home epitomizes turnkey elegance. Bright interiors complement modern upgrades, offering a seamless blend of style and comfort. Minutes away from Kierland Commons, The Quarter, top-rated schools, golf courses, and restaurants; convenience meets luxury. The resort-style backyard beckons with a putting green and sparkling pool, ideal for relaxation and entertainment.

3807 E Amberwood Drive Phoenix, AZ 85048

$1,300,000
4 Beds
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MLS # 6730016
Property Type Single Family Residence
Price Type --
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2620 W Wolftrap Road New River, AZ 85087

$1,300,000
4 Beds
3.5 Baths
3,728 SqFt
Status Active
MLS # 6752662
Property Type Single Family Residence
Price Type --
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18233 W Palo Verde Court Litchfield Park, AZ 85340

$1,300,000
4 Beds
5.5 Baths
3,733 SqFt
Status Active
MLS # 6699525
Property Type Single Family Residence
Price Type --
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