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.

What’s Your Home Worth?

Search for Your New Home

6728 N 190th Drive Waddell, AZ 85355

$619,990
3 Beds
2.5 Baths
2,397 SqFt
Status Active
MLS # 6739349
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's the very spacious Carmona on a LARGE LOT. 3 bedrooms + study, 2.5 baths, Multi slide door perfect for entertaining off of the extended covered patio. Large walk in shower at owner's bath. Brick pavers at porch, drive, and walk. Garage service door for easy access to the backyard. Stainless steel gas appliance package with 36'' cooktop and canopy hood for the cook in the family. Slate (gray) cabinets with 42'' kitchen uppers and pull out trash drawer. AZT Himalaya white granite tops in kitchen and at the enhanced kitchen island. Upgrade flooring includes EMS Novales 12x24 Astra tile in all areas of the home except bedrooms & closets. Please verify all information with onsite agent. Thank you!

11513 E Utah Avenue Mesa, AZ 85212

$619,990
3 Beds
2.5 Baths
2,506 SqFt
Status Active
MLS # 6708212
Property Type Single Family Residence
Price Type --
''Stunning Suntone floorplan - 3 bedrooms with seperate Den and 2.5 Baths, located in the East Valley's newest community, Destination at Gateway. Discover this inviting home featuring a 4 Panel Center siding glass door off the great room, seamlessly connecting indoor and outdoor living. The kitchen boasts stainless steel appliances, including a 36-inch gas cooktop, built-in wall oven and microwave, along with white and gray shaker cabinets adorned with satin nickel hardware and a convenient trash pull-out. The quartz countertops and tile kitchen backsplash add a touch of elegance to the space. Throughout the home, 8-foot interior doors with upgraded satin nickel door hardware create a modern, cohesive feel. The main areas are adorned with 8 x 36'' wood-look tile and 4 1/4-inch baseboards, providing a stylish foundation for the home. Bathrooms feature upgraded vanity lights and brushed nickel bath faucets, while the primary bathroom offers an enlarged shower and a separate soaking tub for relaxation. With 10-foot ceilings, an oversized laundry room, a separate valet area at the garage entrance, and a paver driveway, this home is designed to offer both luxury and practicality, providing a comfortable and stylish living space for you and your family.

20105 W Pinchot Drive Buckeye, AZ 85396

$619,990
3 Beds
3 Baths
2,835 SqFt
Status Active
MLS # 6715566
Property Type Single Family Residence
Price Type --
Ask about special financing with preferred lender. This single-level home is host to two secondary bedrooms situated off the foyer with a convenient game room in between them, ideal for younger family members. At the back of the home, a generous open floorplan is shared between the Great Room, kitchen and dining room, offering access to a covered patio. The owner's suite and a fourth bedroom can be found in a private wing off the living and dining space. Photos are the actual home along with staged renderings. A public report is available on the Arizona Department of Real Estate website.

26851 N 67th Drive Peoria, AZ 85383

$619,990 - 3Br/3Ba -  for Sale in Aloravita North Phase 3 Parcel 10, Peoria
Open House
$619,990
3 Beds
2.5 Baths
2,051 SqFt
Status Active
MLS # 6711432
Property Type Single Family Residence
Price Type --
READY NOW-turn key! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'El Dorado' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Photos and virtual tour of similar spec home, options may vary**

1918 N 22nd Place Phoenix, AZ 85006

$619,990
4 Beds
3 Baths
1,950 SqFt
Status Active
MLS # 6782248
Property Type Single Family Residence
Price Type --
BRAND NEW BUILT!!! with NO HOA. This home features 2 MASTER SUITES and a Large Open floor plan with 9ft ceiling height with a large Living Room and Dinning area. Kitchen with White Cabinetry, Granite Counter Tops and STAINLESS STEEL APPLIANCES. Tile throughout the high traffic areas of the house and new carpet in the bedrooms. The house layout provides an open space feeling from the moment you enter the door. All bedrooms are of pretty good size and the bathrooms are upgraded with tile. RV gate on the backyard. The Best of all is that you are moving into a BRAND NEW HOME with NO HOA!

19611 W Marshall Avenue Litchfield Park, AZ 85340

$619,990
4 Beds
3.5 Baths
2,640 SqFt
Status Active Under Contract
MLS # 6769605
Property Type Single Family Residence
Price Type --
Looking for a new home that is move in ready? You've found it! This beautiful 4 bed, 3.5 bath residence in Canyon Views boasts over 165K in upgrades, it has great curb appeal, paid off Solar, Gourmet Kitchen, 2nd ensuite, Surround Sound, Pool, Large Lot, EV Charging station & Double Gates. Discover a spacious open floor plan w/elegant wood-look tile flooring and neutral palette throughout. The gourmet kitchen is comprised of upgraded cabinetry w/quartz counters, a pantry, tile backsplash, stainless steel appliances, pendant lighting, and an island complete w/a breakfast bar. You'll love the primary bedroom, showcasing soft carpet, a walk-in closet, and a pristine ensuite w/dual sinks. You'll also find a large den ideal for an office or reading nook! Lastly, the spacious backyard includes a covered patio with built in BBQ Grill, exterior double fridge, artificial turf and a refreshing pool with water feature.

669 N Madison Street Wickenburg, AZ 85390

$619,900
3 Beds
2 Baths
2,530 SqFt
Status Active
MLS # 6765573
Property Type Single Family Residence
Price Type --
This beautiful home offers majestic views and a host of modern updates. Step inside to find fresh interior paint, laminate floors, and an open floor plan with split living areas. The formal living room and sunken family room provide spacious entertainment options. The kitchen boasts a butcher block island, new appliances, and a huge pantry for ample storage. Additional features include a two-car garage, carport, tri-zone air system, and newer windows throughout. The master suite is a wonderful retreat with a walk-in shower. Vaulted ceilings create a sense of openness, and the home is surrounded by charming courtyards. Perfect for and style, this home combines practicality and elegance.

2310 W Kachina Trail Phoenix, AZ 85041

$619,900
3 Beds
2.5 Baths
2,406 SqFt
Status Active
MLS # 6769338
Property Type Single Family Residence
Price Type --
Beautiful Home in the popular Southern Highland gated community with spectacular mountain views. This home is move in ready with all appliances including fridge , washer & dryer and 1 newer AC unit. Featuring 3 Large Bedrooms, 2.5 Bathrooms, an Office or Den and a 3 car split garage. Spacious rear yard with artificial turf, newer pool built in 2018 with custom tile and stone finishes, additional cool decking, spa, fabulous water feature with remote app control. This home has large diagonal set tile in all the living areas, walkways and kitchen with very nice Hunter Douglas window shades throughout. Gourmet Kitchen is nicely done with Upgraded Cabinets, Lots of Granite Countertops, a Walk-in Pantry, Gas Stove, Stainless Steel Appliances, Water filter system + RO drinking water and a Large Island. The Kitchen is open to the Family Room so that you can be part of the entertainment. The Master Bedroom is large and split from the other bedrooms. In addition, there are dual Walk-in Closets, an On-Suite with Dual Sinks, a Separate Shower and Tub, and lots of Counter Space. All the other bedrooms are good sized with large closets. Venture outdoors steps away from South Mountain Park and Preserve and enjoy the great Arizona weather. This home does not have any neighbors across the back providing an open private space to enjoy.

478 N Jackson Street Gilbert, AZ 85233

$619,900
5 Beds
3 Baths
2,732 SqFt
Status Active
MLS # 6774181
Property Type Single Family Residence
Price Type --
Wow !!! What a wonderful chance of buying a great home on the Golf Course with a Gorgeous Swimming Pool. Exterior was Just Painted this year, Great Floor Plan with 4 Bedrooms Up & 1 Down with it's own Bath. Perfect for Guest. Priced to sell. This home will need some updating but the seller has spent over $ 60,000 to repair the house foundation which comes with a Life Time Warranty from Ram Jack of Arizona. Gorgeous Spindle Staircase. North/South Exposure.

8953 E Yucca Street Scottsdale, AZ 85260

$619,900
3 Beds
2.5 Baths
1,611 SqFt
Status Active
MLS # 6780255
Property Type Single Family Residence
Price Type --
LOCATION, LOCATION, LOCATION & STYLE, STYLE, STYLE! This 3 bed 2 1/2 bath home is situated near freeways and amenities while being tucked away from traffic. This designer home will make the perfect place to come relax at after a day's work. Seller has taken care to add the perfect design details while keeping an inviting and warm environment. Downstairs features a number of places to entertain- from the open kitchen to the dinning area/family room to the backyard with greenery and BBQ to enjoy the amazing weather this time of year. In addition to all the design details, the seller has also done the following upgrades: new garage motor (5 months ago), all new irrigation lines & sprinkler timer in 2023, all new kitchen appliances, - new A/C unit in 2023, and custom garage cabinets installed 2023. This turn key ready home will not last long so don't wait, come see it today!

4131 E Cathedral Rock Drive Phoenix, AZ 85044

$619,900
4 Beds
2.5 Baths
2,450 SqFt
Status Active Under Contract
MLS # 6750221
Property Type Single Family Residence
Price Type --
Back on market after full-price cash buyer had to walk! Welcome to your dream home! This stunning 4-bed, 2.5-bath home boasts 2,450 square feet of beautifully updated living space. Situated on an oversized corner lot, the property offers both privacy and ample space for outdoor living. Inside, you'll find tasteful updates throughout, including new flooring, light fixtures and faucets (and interior/exterior paint from 2019). Major updates (roof, both AC units, water softener, extra attic insulation) have also been done in the last 5 years providing peace of mind. Enjoy the community's top-notch amenities with access to pools, parks, and tennis courts plus great schools and shopping nearby. This home is the perfect blend of comfort, style, and convenience you will love!

13418 W Almeria Road Goodyear, AZ 85395

$619,900
3 Beds
2.5 Baths
2,712 SqFt
Status Active
MLS # 6780947
Property Type Single Family Residence
Price Type --
Gorgeous single-level Palm Valley home on just shy of 1/3AC lot. Enjoy the 2712 sf home with a pool and water feature. Both AC units just replaced in 2024, roof replaced in 2020, new variable speed pool pump replaced 2024, and entire interior of home and garage repainted November 2024. Spacious split floorplan that opens up to family and dining room area. Backyard boasts an outdoor kitchen with built in grill and sink, covered patio with custom shades, garden area on the North side of home, dog run on the South side of home, synthetic turf with planters and giant diving pool with water feature. Corner lot so one only has neighbors to the West and North. True pride of ownership. You get to enjoy a gorgeous, well established neighborhood with all the high dollar items already updated.

Leave a Reply

Your email address will not be published.