Taking the FSBO (For Sale By Owner) route might sound like a good idea at first considering the fact that commissions may not have to be paid to a seller agent. But it can actually end up being more costly when all is said and done, in more than one way. Even though we’re living in a digital age where information is at our fingertips at a moment’s notice, having a dedicated and experienced real estate professional on your team will help you end up with a much more successful transaction.

Still not convinced? Here are 5 issues you will likely have to deal with if you choose to try and sell your home on your own without the help of a trusted real estate agent.

Taking the FSBO (For Sale By Owner) route might sound like a good idea at first considering the fact that commissions may not have to be paid to a seller agent. But it can actually end up being more costly when all is said and done, in more than one way. Even though we’re living in a digital age where information is at our fingertips at a moment’s notice, having a dedicated and experienced real estate professional on your team will help you end up with a much more successful transaction.

Still not convinced? Here are 5 issues you will likely have to deal with if you choose to try and sell your home on your own without the help of a trusted real estate agent.

1. Inaccurate Listing Price

Even though you may be able to get your hands on a lot of real estate information over the internet, getting your listing price right requires a lot more access to the right data. A lot of FSBO sellers depend on online real estate valuation websites that provide basic sales data for the neighbourhood in question without taking into consideration any special conditions and situations that can have a huge impact on the selling price of the home. Experienced listing agents, on the other hand, know how important a thorough understanding of the market is, including current and previous data that can affect the marketability of properties.

2. Lower Sales Price

You might be saving on a commission paid to a real estate agent, but you have a much higher chance of selling for less than what your home is really worth. While FSBO sales only account for a very small portion of all homes sold, the average selling for these homes is a few thousand dollars less than those sold with a brokerage. So, that money you may have saved in commission will be lost – and then some – by settling for a lower selling price.

3. Limited Marketing

Using social media to market your home can be very helpful, but that’s only scratching the surface when it comes to really marketing your property. A real marketing campaign goes a lot further than just marketing over Facebook and Instagram. The odds of getting your property in front of the most qualified buyers by only using these platforms is very low. Listing with a skilled real estate agent, however, will provide you with heavy exposure to the market with a multi-faceted marketing strategy from listing all the way through to closing. Agents use a myriad of marketing techniques – including posting on the MLS – that will ensure your home is being marketed to buyers everywhere, always.

4. Restricted Networking

You might have a circle of friends, family members, work colleagues, and acquaintances that you might be able to spread the word to about your home, but that will likely pale in comparison to the network of people that a real estate agent can tap into. An experienced real estate agent likely has a pool of influence of thousands of people, including past clients, other agents, mortgage brokers, home inspectors, and more. Since most of these people are directly tied to the real estate realm, it’s more likely that networking with this group will yield a real buyer lead for your home.

5. Negotiating Skills

How experienced are you at negotiating a deal for a home sale? Another area that FSBO sellers tend to struggle with is negotiating the offer and all the clauses and contingencies that the contract contains. As a FSBO seller, you must deal with buyers directly. Instead, if you work with a real estate agent, you’ll have an objective third party doing the negotiating for you and keeping your best interests in mind while still acting honestly and fairly with the other party.

There’s simply no comparison as far as going the solo route versus using a real estate professional is concerned. Don’t risk getting stuck with a bad deal and hire an expert who will ensure you get the most money out of the transaction as well. conditions that are convenient for you.