5 Things You Should Know About FSBO Property Listings In Brantford

FSBO property listings in Brantford are one option for homeowners in Brantford. “Let’s sell it ourselves and save all of those real estate agent commission fees!” Sounds great right? When it comes to FSBO listings for sale by owner, doing it alone isn’t always the right move. The process of selling a home is much harder than it appears. A 90 percent failure rate for FSBOs trying to sell their own home should make you pause, especially with such an important decision. 

When you’re ready to select the method you’ll use to sell your home, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about FSBO property listings in Brantford.

Time and Toil

One thing you should know about FSBO property listings in Brantford is that the process takes a lot of time and hard work. From scheduling appointments with professionals, such as inspectors and appraisers, through open houses and showing the property over and over, you may come to understand why real estate agents earn such high fees for their services.

Lower Offers

You should also know that FSBO property listings in Brantford tend to sell for less than if you had worked with an agent. Agents are on top of their game and understand how important it is to screen potential buyers and market the home properly. They also have excellent people skills. Because they aren’t emotionally involved with the house, negotiations tend to have a better outcome. While your actual advertising efforts are critical in the results, so too is how your home presents during the showing.

Repairs

Repairs are not something you can escape with FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.

Legalities and Paperwork

Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners with FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through, costing you even more in the process.

Holding Costs

You should also know about holding costs and how they can eat away at the profits of FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market. You will be left with the mortgage payment and other expenses to keep the property in saleable condition. Even an agent cannot tell you an exact closing date when listing a property on the Brantford market.

The most important thing you should know about FSBO property listings is that there is another option. Selling directly to Ontario Property Buyers is 100 percent successful for sellers. When you work with Ontario Property Buyers to sell your home, you still get to save the commissions for yourself! Ontario Property Buyers pays cash so that the closing can be in a matter of days. 

We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale or a direct sale to Ontario Property Buyers.

At Ontario Property Buyers, our goal is to help you make the most profit on your most important investment, your home. Feel free to ask Ontario Property Buyers any questions you may have with no obligations. Send us a message or call Ontario Property Buyers at 226-778-8950.

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