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Why Does the "For Sale By Owner" Approach Rarely Succeed?
Sunday, 15 April 2018, 11:40:00 AM

Why Does the "For Sale By Owner" Approach Rarely Succeed?

Have you thought about selling your home? There may be a thousand reasons why you feel it is best for you and your family to move on. But before you can do so, you will need to sell your current property. It isn't merely a matter of offloading your present home.

You will naturally want to get the best possible price for it. There are many things that you need to consider before you embark on a plan of action. One of the most important will be whether you list it with a real estate company or go the "Do It Yourself" route.

 

Why Does the "For Sale By Owner" Approach Appeal to Some People?

Why Does the For Sale By Owner Approach Rarely Succeed?It's easy to understand why the "For Sale By Owner" approach will appeal to a certain kind of person. There are many people who feel that listing their home with a real estate professional will cost too much. They are worried that the commission the expert charges will cut too deeply into their own profits from the sale.

They may also feel that there is very little a real estate professional can do for them that they couldn't ultimately achieve by themselves. For this reason, the idea of hanging a "For Sale By Owner" sign and advertising in local newspapers and circulars may seem like a more logical plan of action. But is it really so?

 

Acting on Your Own May Not Bring the Very Best Results

If all you do to advertise the fact that your home is for sale is put out a sign on the front lawn, you may be in for quite a long wait. There is no law that says that you can't take this approach. But common sense dictates that if you want to sell your home, you may as well do so in a quick, timely, and profitable fashion.

For example, how much do you want to sell your home for? If you go the "For Sale By Owner" route, it's up to you to hash out the final selling price with your potential buyer. This means that you have no one but yourself to rely on as a negotiating expert. If you don't have the skills to back your play, you may end up being bargained down to a price that is far less than the one you originally desired.

 

Listing Your Home Will Get You Faster and Better Results

If going the "Do It Yourself" route didn't do you any favors, you can try a whole new tactic. You can contact a real estate professional in order to get your home placed on the official listings. Since the home for these listings is on the world wide web, you will automatically increase your potential audience by an exponential amount.

Instead of relying on word of mouth among the local population, you can now reach buyers all over Canada - in fact, all over the world - who are interested in buying a property in your area. The mere fact that your audience has increased to this degree will play a huge part in speeding up the selling process.

No one can tell you what to do with your property. You are free to choose any method you desire. It's up to you to do so in a fashion that you believe will get you the very best deal. However, time has shown that some methods are simply better than others. If you are serious about selling your home, now is the time to get it listed.


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ZOI OUZAS Sales Representative
RE/MAX Garden City Realty Inc., Brokerage
64 Main Street West, Grimsby ON L3M 1R6
Office: (905)-945-0660 Office: (905)-563-8527
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