Selling Your Knoxville Home This Year? Why FSBO Isn’t As Easy As It Looks

HeartHome-resized-600.jpgFor many West Knoxville sellers, it can make a lot of sense to sell your home yourself. You get to set the price, negotiate the contract, and don’t have to pay any commission. That sounds great, doesn’t it? Unfortunately, it’s not always as great as it seems. If you’re thinking about selling your West Knoxville home this year, here are a few things to keep in mind prior to putting you home on the market FSBO.

First, it is important to remember that the FSBO route isn’t as easy as it looks. Selling your West Knoxville home is a lot more than putting a sign in your yard and posting it on Facebook. How do you feel about letting strangers into your West Knoxville home? Are you ready to negotiate a contract with a buyer? Are you wanting to field calls at all hours of the day about your home? Are you able to separate who is a potential buyers from deadbeats? And, are you able to coordinate closing? Selling your West Knoxville home can be a lot of work and if you don’t know what your doing, it can end up being a total disaster.

Another important thing to remember about FSBOing your West Knoxville home is that FSBOs tend to sell for less than agent assisted sales. For many that opt to FSBO, they don’t know how to properly price their West Knoxville home, which is why they end up walking away from the sale worse off than if they would have used an agent. According to data from Realtor.org, the typical FSBO sold for $174,900 compared to $215,000 when an agent was used, which is a price difference of $40,100. In the end, sellers who FSBO don’t typically save any money by not using an agent, so save yourself the time and stress and hire an agent.

Finally, West Knoxville real estate transactions can be complicated, which is why it can help to have a real estate professional by your side. In addition to setting a price, a West Knoxville real estate can be there to help you through contract negotiations, any repair issues, or any other obstacles along the way. Using an agent to sell your West Knoxville home, will get you more money and also prevent you from having legal issues by having a poorly written contract.

Are you thinking about selling your West Knoxville this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be reached at Kati@KnoxvilleHomeTeam.Com. Feel free to contact us today for a FREE West Knoxville Home Valuation.