LOGIN

Articles Tagged "FSBO"

House Talk with Toria Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Food Reviews | 3 Posts
Industry Talk | 1 Posts
LIFE | 1 Posts
Augusta County | 10 Posts
Bridgewater, VA | 1 Posts
Burlington WV | 1 Posts
Buy a Farm | 2 Posts
Buy a Home | 20 Posts
Buying a House | 16 Posts
Franklin WV | 1 Posts
Hardy County | 3 Posts
Harrisonburg VA | 30 Posts
Home Improvement | 18 Posts
Homeownership | 6 Posts
LeadingRE | 2 Posts
Lost River, WV | 1 Posts
Luray, VA | 4 Posts
Monterey VA | 1 Posts
Moorefield WV | 7 Posts
Moving Tips | 2 Posts
Myers Corner | 1 Posts
Open Houses | 1 Posts
Petersburg, WV | 3 Posts
Sell a Home | 27 Posts
Staunton VA | 15 Posts
Waynesboro, VA | 1 Posts
lexington | lexington va | real estate | real estate market | Old Dominion Realty | Virginia Subdivisions | Old Dominion Realty Subdivisions | Harrisonburg Subdivisions | The Springs at Osceola | staunton virginia | West Virginia | West Virginia real estate | Bridgewater Virginia real estate | Waynesboro Virginia real estate | Rockingham County Virginia real estate | architecture | Shenandoah Valley | home maintenance | home safety | energy efficient homes | real estate career | real estate class | find a home | buy a home | homes for sale | sell a home | sell my home | selling a home | landscaping | kitchen | ktichen | home staging | staging a home | Springs Lakes | moving with pets | moving with kids | Grottoes VA | Harrisonburg | Harrisonburg VA | things to do | moving to Harrisonburg | living in Harrisonburg | become a real estate agent | buying a home | buy a house | build a house | Leading RE | Staunton | Staunton VA | Staunton Virginia | living in Staunton | moving to Staunton | Charlottesville | Charlottesville VA | Charlottesville Virginia | selling a house | home security | home security tips | Rockingham County | Rockingham County Public Schools | home buyers | home sellers | community events | area information | Augusta County | home improvement | schools | school districts | Harrisonburg restaurants | home buyer preferences | become a real estate agent | become a realtor | join old dominion realty | home saving tips | energy saving | Real Estate Agents | REALTORS | Charitable Organizations | real estate agents | REALTORS | house for sale | home for sale | home cleaning tips | James Madison University | Realtors in Harrisonburg | sell a house | first-time home buyers | farmland | farm property | agricultural land | farmland | farm | agricultural property | buying farmland | Sell a House | buying a house | home selling tips | curb appeal | home value | homeowner tips | moving tips | open house | Waynesboro | Down Payment | Financing | Mortgage | Home loan | Loan | Pre-approval process | Moorefield WV | Franklin WV | Hardy County | Grant County | Holidays | Area attractions | Local Businesses | FSBO | Charlie Ward | Neighborhoods | Subdivisions | Best Neighborhood | Professional photography | List a Home | Festivals | Family fun | Community information | Local information | Hardy County Public Library | Home renovation | Spring | Declutter | Pack | Move | Purge | Page County | Woodstock VA | Music and Entertainment | Bryce Resort | Edinburg | Grottoes | Mount Jackson | Timberville | Woodstock | Bridgewater | Elkton | New Market | Shenandoah County | Broadway | Dayton | Fort Valley | Luray | Weyers Cave | Franklin | Lost River | Petersburg | Garden | outdoors | summer | pets | decor | interior design
January
30

Top 5 Reasons Why FSBOs Fail

Why FSBOs Fail

When you are selling your Harrisonburg home, it only makes sense you want the sale to close successfully. But, how do you define success? It's simple—maximizing your profits and minimizing disruption to your daily life. For nearly 90 percent of homeowners that means enlisting the services of experienced real estate agents like our REALTORS® at Old Dominion Realty.

Yet, there is a small percentage of homeowners who choose to list their homes for sale by owner (FSBO), perhaps hoping to save money by avoiding commissions. Unfortunately, FSBOs have a reputation for failure.  We have created this list of five reasons why homes for sale by owners fail.

  1. Seller and Home Not Prepared
    One common misstep of homeowners trying the FSBO route is not fully understanding the work involved in successfully preparing their home for sale. Often, just the planning and budgeting process of getting your home in tip-top shape is a major achievement.  Sellers need to understand:

    - Curb appeal: Is your roof missing any shingles? Is your landscaping looking shabby? Does your front door need a coat of paint?
    - Interior: Have you shampooed your carpeting, painted any rooms or checked the condition of attic insulation?
    - ROI: Most importantly, do you know which of these and other minor home improvement projects, remodels, and upgrades offer the best return on investment in your market segment and community?

  2. Time-Consuming Inquiries and Showings
    One of the biggest pitfalls of a FSBO is that it's time consuming.  This includes keeping the home in "show-ready" condition, answering questions, and juggling showings and open houses. Do you have the time to field and screen phone calls from potential buyers, real estate agents, real estate investors, and window shoppers?

    After all, real estate agents and home buyers want quick responses to their inquiries. Otherwise, you can be sure they have other properties to view. You are better off hiring a real estate agent to handle all inquiries and to schedule and staff the showings.

  3. Pricing Pitfalls
    Accurately pricing homes for sale in Harrisonburg takes knowledge of the local market and experience. Our REALTORS® utilize comprehensive market analyses to arrive at an accurate home value which to help you gauge an asking price. Avoid the pricing pitfalls of FSBO homes, and talk to your agent.

  4. Lacking Market Reach
    You spruced up your curb appeal, organized home improvement receipts, and baked two pans of heavenly-smelling cookies before an open house event. Time for an honest reality check: lack of market reach is the final nail in the coffin for many FSBO homes.

    - FSBO: How many qualified home buyers do you suppose are aware of your open house?
    - Agent-assisted seller: Could a professional agent with their finger on the seller/buyer pulse likely bring more market exposure and buyers to the table?
    - Negotiations: Could an experienced and savvy agent likely bring you a higher closing price?

  5. Paperwork and Liabilities
    Anything can happen when closing a home. A last-minute credit check could disqualify the buyer. The results of the home inspection and appraisal reveal it is substantially overpriced, needs a new roof and furnace, and the lender goes cold. Just understanding and completing paperwork correctly is a handful for most inexperienced sellers.

    Moreover, selling your home without an agent (and their Errors &Omissions Insurance) may leave you vulnerable to liabilities during and after closing. At the end of the day, agent-assisted home sellers boast the best results.

Contact Old Dominion Realty to sell your home in the eastern West Virginia and central Virginia real estate markets.

Contact Old Dominion Realty

Login to My Homefinder

Login to My Homefinder