Selling your house FSBO without the help of real estate agents in Sarasota Florida is possible. Most sellers that pursue the “For Sale By Owner” option seek to avoid paying the agent's commission, which can be anything between 4-6% of a home’s selling price.
Yet, if you search for ‘property agents near me’ in Sarasota, Florida, you will likely be spoiled for choice by the number of options that come up. These agents seek to fullfil the demands of home sellers who prefer to hire real estate agents rather than opt for FSBO.
In fact, according to the National Association of Realtors, only 7% of homes were sold under FSBO in 2020.
It is also worth noting that the FSBO route is never an easy undertaking. The process requires time, commitment, research, and plenty of leg work. So, before you make up your mind to undertake an FSBO process, here are some pros and cons to consider.
Pros
You Won’t Have to Pay the Real Estate Agent’s Commission
While you won’t know for sure how much you would have made with the help of an agent, you will get to keep more of your profits with FSBO.
You are in Control of the Process
You will be able to make your own decisions concerning the price, listings, marketing strategies, showing schedule, and the offers you want to consider.
Sales are Quicker
Since you make all the decisions, you are likely to sell faster than when other parties are involved.
Cons
You are Likely to Sell at a Lower Price
Due to their experience and knowledge of the locality, marketing strategies, connections, and negotiation skills, real estate agents in Sarasota Florida are likely to get you more money for your house, which may even cover the commission that you want to avoid with FSBO.
It is Tasking and Time Consuming
Having a lot of time on your hands it a must because you will need to answer calls, prepare your house for sale, market, schedule showings, arrange open houses, and meet prospective buyers, on top of doing plenty of research in order to make informed decisions. If you have a day job or other commitments, this can be overwhelming.
Limited Access to Services
If at any time you need the services of contractors such as builders, plumbers, handymen, landscapers, or interior decorators, there’s a likelihood of ending up with substandard services or higher costs.
One of the best perks that come with choosing someone from your ‘property agents near me’ web search is a network of tried and tested service providers.
Possibility of Mistakes and Challenges
When dealing with paperwork, marketing strategies, pricing, legal requirements, and financing, you are likely to make mistakes or face challenges that a professional won’t make.
Emotional Decisions
Sometimes, negotiating for deals can heighten emotions, especially in cases where buyers criticize or underrate a property. Real estate agents can be impartial but there’s that chance that you can be rattled.
The bottom line? It is possible to sell your house on your own, but the cons of FSBO outweigh the pros.
