Get the pros, cons of selling your home alone
| In a local hot market where there are more qualified home buyers than homes available for sale (called a seller’s market), it’s very easy to sell a home by placing a newspaper ad and waiting for the purchase offers from buyers. But when there are more homes for sale than qualified buyers, that is a buyer’s market. Most local home sales markets are currently neutral with an adequate supply of homes available for sale and many qualified buyers eager to purchase. |
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Unless your home is listed with a member of the local MLS, who then markets the listing at this major Web site, your residence won’t be exposed to the largest number of prospective home buyers in your community. FSBO sellers lack this big advantage. A major problem for most fizzbo home sellers is how to create a legally binding purchase contract without a listing agent being involved. Lacking a listing agent, this task can be a major challenge because the home sale forms sold at stationery stores usually are worthless. In addition, home sellers must comply with local disclosure ordinances, such as providing written defect disclosures (to prevent after-sale lawsuits), building code compliance, energy reports, natural hazard disclosures, lead-based-paint disclosure and booklet, and other applicable disclosures.
search for : qualified home buyers, a seller’s market, FSBO
