We’ll cover what you should do about selling your house in Houston using an FSBO listing. Thinking about using a listing for FSBO? It is important to consider how the costs of this method of listing a home will cut deeply into your time and resources before you plunge into the owner-for-sale (FSBO) waters.
Commissions
While many homeowners undertake this daunting task on their own expectation that they can save thousands on commissions, they discover too late that this is not the case more often than not.
It’s possible that you’ll still be negotiating with a real estate agent representing a buyer when you list your property. This means you can also pay commissions, which is important to know about selling your house in Houston using an FSBO listing.
Costly
Setting the right price can mean the difference between your home staying on the market and a fast sale. If you want to make sure that you’re on the mark, you can hire a licensed appraiser to equate your property with others you’ve recently sold. You may also want to employ the services of a real estate attorney to draft your contract. Advertising in today’s real estate marketplace involves using professional modeling, virtual tours, and staging the home, all of which can be costly. All these costs are relevant information that you should know about selling your house in Houston using an FSBO listing.
Repairs
Another thing you should know about using an FSBO listing in Houston to sell your house is that buyers will almost always order a property inspection. They can require you to repair it out of pocket before the property closes if they find anything wrong with the property structure.
Commitments
Are you available with a 24-hour notice to show your home, or less? Ready for the phone to ring at all hours, the calls are also from representatives of pushy and willing customers. It can be incredibly difficult to schedule showings to make sure your home is always ready for walkthroughs and to cut into considerable family time. It may also bring additional pressure to make sure you meet any pending deadlines for your transaction. It is important to be mindful that all of these time-eating tasks come with the use of an FSBO listing to sell your house in Houston. The paperwork also takes time.
Lost Deals
Buyers using conventional financing will waste their time after going through all the previous steps in a real estate transaction by failing to apply for their loan, this is another issue with using an FSBO listing to sell your house in Houston. Since being pre-qualified, your buyer may have unforeseen life changes or a change in their credit score or debt ratio. One thing you can do about it is just deal with purchasers who are preapproved or cash only. Note, when dealing with cash only customers, strive not to be offended, because of the benefits that closing a deal in cash brings, they will expect to pay less for your house.
It can be costly and time consuming to use an FSBO listing to sell your house in Houston. How long are you prepared to wait? Usually, Big Tex Home Buyers closes within 30 days or less. You will not pay any commissions or other costs by selling directly to Big Tex Home Buyers. What we give is what you are paid at closing. Big Tex Home Buyers saves you both time and money, we usually buy homes as-is so that before closing you can stop paying for maintenance, you won’t have to think about marketing expenses or showing headaches. We’re making this quick! Just send us a message today, or give us a phone call!