If you’ve been doing your home selling research, you’ve likely come across the term FSBO or for sale by owner. FSBO in Atlanta can be a different process.
The FSBO process is one where a homeowner sells directly to a buyer without involving a real estate agent or third-party. The for-sale-by-owner method can be great for those who want to save money on potentially hefty real estate commissions.
While the FSBO process might sound pretty great in theory, there are many things that you must consider before hopping in. For people who aren’t careful or know what they are doing, the FSBO in Atlanta process can get quite expensive.
Continue reading to find out more about the FSBO process in Atlanta and whether or not it is the right method for you.
FSBO Pros
Low Commission Fees
People will often utilize the FSBO in Atlanta method to avoid paying hefty commission fees. There are potential saving involved when selling without a real estate agent. Traditionally, you’ll end up paying 6% during the home selling process, 3% of which goes to your agent and 3% of which goes to the buyer’s agent.
You will still need to pay a 3% commission to the buyer’s agent, though on an expensive home, that 3% can be very significant.
Better Control Over The Home Selling Process
You control the price when your sell your home on your own. You also decide who you want to sell your home to and what kind of improvements you might need to make to sell your home and get the best price possible.
It is worth noting that you will need to handle every piece of the transaction, which will require some careful prep.
Personal Knowledge
No one knows your home better than you do. You can share the experience of living in your home and your neighborhood with other buyers better than anyone else can, which can use as an advantage when selling.
Cons of FSBO
No Pricing Strategy
If you don’t have any experience selling your home in Atlanta, then trying to develop a pricing strategy can be quite difficult. Non-real estate agents don’t have public access to price data, which can make it quite hard to know how homes are selling in the area.
It’s difficult for individuals to perform comps, as people do not need to publicly disclose closing prices.
Lack Of Marketing Access
Trying to market a home to sell it is a serious task. From researching prospective buyers to taking photos to creating listings to keeping up with different marketing channels, it’s a lot of work. Yes, you can put up a for-sale sign on your front lawn or post it on Facebook, though you’ll still be missing out on tons of potential buyers.
Real estate agents have access to a wide variety of exclusive marketing channels, which can be extremely helpful.
Final Thoughts
If the FSBO in Atlanta method doesn’t sound like your cup of tea, get in touch with us here at Tru Buyers. As one of the top home investors in the country today, we purchase homes of all shapes and sizes in as-is condition, providing buyers with cash offers in as little as two weeks.
