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SHOULD YOU SELL FSBO?

Tuesday, June 6, 2023   /   by Ameil Gill

SHOULD YOU SELL FSBO?

SHOULD YOU SELL FSBO?


Many people think they can save money and sell their house easily on their own to save on commission costs. All you have to do is list your home on Zillow and people will contact you, see your house, and you’ll find a buyer. Sounds simple, right?


WRONG. Selling a home involves many complexities, and it may come as a surprise that opting for a private sale often results in higher costs than the commission saved.


Did you know? Agents sell homes for around 26% MORE on average than those who sell for sale by owner — completely covering those agent commissions that so many sellers try to avoid.


When it comes to the sale of your largest asset, hiring a professional is essential. So if you’ve been considering sticking a sign in the yard and selling your home on your own, here are a few factors that you should consider first. 



    1. Are you proficient in the legalities of the agreement of sale?

    1. Do you have the budget for photography and marketing?

    1. Do you know the market value of your home?

    1. Are you prepared to leave work for showings and arrange these on your own?

    1. Do you know to qualify a potential buyer?

    1. Do you have a third party to negotiate on your behalf?


if you answered “no” to most of these questions, then you may want to consider hiring a professional.


 

Many people think they can save money and sell their house easily on their own to save on commission costs. All you have to do is list your home on Zillow and people will contact you, see your house, and you’ll find a buyer. Sounds simple, right?


WRONG. Selling a home involves many complexities, and it may come as a surprise that opting for a private sale often results in higher costs than the commission saved.


Did you know? Agents sell homes for around 26% MORE on average than those who sell for sale by owner — completely covering those agent commissions that so many sellers try to avoid.


When it comes to the sale of your largest asset, hiring a professional is essential. So if you’ve been considering sticking a sign in the yard and selling your home on your own, here are a few factors that you should consider first. 



    1. Are you proficient in the legalities of the agreement of sale?

    1. Do you have the budget for photography and marketing?

    1. Do you know the market value of your home?

    1. Are you prepared to leave work for showings and arrange these on your own?

    1. Do you know to qualify a potential buyer?

    1. Do you have a third party to negotiate on your behalf?


if you answered “no” to most of these questions, then you may want to consider hiring a professional.


 
REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated July 13, 2024
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