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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9020 N Flying Butte -- Fountain Hills, AZ 85268

$3,100,000 - 4Br/6Ba -  for Sale in Eagle Mountain Parcel 4, Fountain Hills
Open House
$3,100,000
4 Beds
5.5 Baths
7,000 SqFt
Status Active
MLS # 6664428
Property Type Single Family Residence
Price Type --
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8366 E Old Paint Trail Scottsdale, AZ 85266

$3,099,995
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3,236 SqFt
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MLS # 6537091
Property Type Single Family Residence
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4519 E Meadowview Drive Gilbert, AZ 85298

$3,099,000
6 Beds
5.5 Baths
5,137 SqFt
Status Active
MLS # 6784434
Property Type Single Family Residence
Price Type --
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28011 N 109th Way Scottsdale, AZ 85262

$3,095,000
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Property Type Single Family Residence
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9767 E Larkspur Drive Scottsdale, AZ 85260

$3,095,000
5 Beds
4.5 Baths
4,402 SqFt
Status Active
MLS # 6766323
Property Type Single Family Residence
Price Type --
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4743 E Arcadia Lane Phoenix, AZ 85018

$3,095,000 - 4Br/4Ba -  for Sale in Del Ray Estates 12 Amd, Phoenix
Open House
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$3,095,000
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Property Type Single Family Residence
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37440 N 104th Place Scottsdale, AZ 85262

$3,000,000
4 Beds
4.5 Baths
4,493 SqFt
Status Active
MLS # 6773978
Property Type Single Family Residence
Price Type --
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23832 N 112th Place Scottsdale, AZ 85255

$3,000,000
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MLS # 6744119
Property Type Single Family Residence
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$3,000,000
6 Beds
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MLS # 6745246
Property Type Single Family Residence
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This beautiful LAKE property in the perfect Arizona picturesque landscape, boasts a 3,398 SF Main house and a 2,394 SF Guest House. Tucked in a private portion of the lake, it is a serene escape into mountain living. The property sits on a stunning ¾ acre lot & offers a unique blend of comfort & eligance, with its log-sided architecture and FULLY furnished interiors. Surrounded by tons of trees & beautiful neighboring homes, this property stands out w/ its private gated entrance & private boat dock, perfect for fishing or kayaking adventures, on this exquisite & rare lakefront property. The promise of peaceful days amazing sunsets & starry nights is a reality here, w/ amenities such as a truly HUGE back deck, outside fireplace plus a lower firepit and BBQ area enhancing outdoor living! Imagine a grand log home where the great room, with its expansive floor-to-ceiling windows, offers a panoramic view of a serene lake. This home has one of the BEST views of Rainbow Lake! 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14256 N Territory Trail Fountain Hills, AZ 85268

$3,000,000
4 Beds
5.5 Baths
4,734 SqFt
Status Active
MLS # 6758592
Property Type Single Family Residence
Price Type --
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5831 N Echo Canyon Circle Phoenix, AZ 85018

$3,000,000
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2.5 Baths
3,667 SqFt
Status Active
MLS # 6748221
Property Type Single Family Residence
Price Type --
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3355 N 55th Place Phoenix, AZ 85018

$3,000,000
5 Beds
4 Baths
3,973 SqFt
Status Active Under Contract
MLS # 6764526
Property Type Single Family Residence
Price Type --
Welcome to Arcadia Parkside, an exclusive gated enclave of four exquisite homes in the highly sought-after Arcadia neighborhood, just steps from Arizona Country Club and local hotspots. This stunning residence features lush landscaping and a well-designed floor plan spanning nearly 4,000 square feet. The chef's kitchen boasts a spacious island and top-of-the-line appliances, ideal for culinary enthusiasts. Soaring ceilings create an impressive atmosphere, while reclaimed wood beams, French oak flooring, and custom millwork add warmth. The exceptional primary suite offers a luxurious soaking tub, oversized shower, and a generous walk-in closet. The backyard is an entertainer's dream, with ample patio space, lush landscaping, and a sparkling pool. Experience the perfect blend of sophistication and tranquility at Arcadia Parkside, where every detail has been thoughtfully curated for a luxurious lifestyle.

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