Our Real Estate Market is gearing up for the busy spring and summer seasons. In Fact, you may have already be noticing the "For Sale" signs pooping up on lawns in your area. If you're considering selling your property, and are wondering if you should go through a Real Estate Sales Representative or attempt to sell it yourself, you have some points to think over.
A home put up for sale without the services of a Real Estate Sales Representative (For Sale By Owner or FSBO), presents sone unique challenges to the seller.
First of all, the owner needs to be aware of local house values, and be able to objectively compare like properties to his/her own property, putting aside sentimental value and knowledge of how much was spent in repairs, maintenance and renovations. Up-To-Date priceing, the kind a local Real Estate Sales Representative knows, is key to generating initial interest in the property for sale.
FSBO sellers should also be aware that many potential buyers expect a lower selling price when they know a Real Estate Sales Representative is not involved.
Education on realty legal matters is crucial for any owner thinking of selling a property, especially for those without professional real estate guidelines. Disclosures, legal forms, and contracts must be in place and real estate laws must be adhered to in order to avoid any vulnerability to lawsuits.
Advertising exposure generates significant interest in a property, and sellers going through a Real Estate Sales Representative appreciate the wide influence of being included on the Multiple Listing Service (MLS), a powerful tool available only to Realtors.
These are just SOME of the reasons many FSBOs fizzle down to unsatisfactory conclusions.
If you are planning on selling your home, please do not hesitate to contact me, Dave Pinnell Jr. Sales Representative for Century 21 Lanthorn Real Estate ltd. My cellular is 613-328-7213 and I can always be found at www.tdrealestate.ca and listen to what I have to say !!!