There seems to be a steady rise in ‘for sale by owner’ (FSBO) transactions in the past couple of years, which is not at all surprising considering the continuous economic changes, as well as the changes in the behavior of real estate buyers. What’s the difference when it comes to homes for sale by owner in Ocala, Florida and the usual properties that go through real estate agents?
Understanding FSBO in Ocala
Simply put, homes that are considered as ‘for sale by owner’ are sold directly in the market without the help of a real estate agent or broker. The owner themselves are using their own resources that they have to put their property out in the market, usually to avoid having to part with a certain percentage of the proceeds of the sale paid as commission. There are a number of ways to go about the sale if you plan on going through this route. There are several websites for homes for sale by owner in Ocala, Florida, most of them with very minimal posting fees.
These websites often give as much support as they can to people who have little to no experience in selling a property to make sure that things go as smoothly as possible for them. If you are a for sale by owner in Ocala FL and do not have the experience of selling your home, here are some pros and cons of
Cons of FSBO
When you think about it, selling a home in Ocala is not entirely as easy as it seems. To some, it’s just a matter of posting details of the property and waiting for a buyer to snatch it off the market. But there’s a huge reason why real estate agents and brokers get paid quite a lot. One of the biggest drawbacks to FSBO is the fact that the price tag placed on a property can sometimes be over or under what you would call as a reasonable price.
Some homeowners tend to be extremely attached to their properties for example, ending up overpricing and making it difficult to sell. Some homeowners also may be in such a hurry to get rid of the property that they sell it considerably lower than what it could actually go for. Ocala Agents and brokers have a deep understanding of the intricacies that come with proper pricing; they know exactly how much a property is valued, and how much people could buy it for. They also have a huge network, especially if they have been in the business for quite some time. This makes it easy for them to find the perfect buyers for each property they handle.
Negotiations can also be a very stressful affair, something that real estate agents have been trained for. They know when to stand firm, and they know how to keep themselves together when the negotiations get tough. They would also know the entire process of handing over the property, the papers that need to be signed, and so on.
Pros of FSBO
So what makes it so appealing to go the FSBO route? Of course, the biggest benefit is the fact that you get to keep the amount of money that you’re supposed to pay an agent or a broker who represents you. Granted that you may sometimes have to pay a small percentage to the buyer’s agent, but this is a small amount if you compare it with the amount that your own agent is supposed to get. You also have more control over the sale of your home, with things like pricing being controlled by no one else but you.
Also, with 95% of buyers looking for properties scouting for possibilities online, you can fully take advantage of that fact by posting on popular FSBO pages in Florida. As mentioned earlier, these FSBO sites would often give the best possible support to make you feel at ease with the entire process. At the end of the day, it would be up to you if you believe that closing the sale on your own is a better option. Just make sure that you are equipped with the tools that you need to make the most out of the deal. If you are for by owners in Ocala Florida and you are having a difficult time of selling your home contact us