Selling your house on your own will save you in real estate commissions, but then you must invest your own time to analyze the market, stage your property and market your listing. These savings may not always add up to what is expected. We will discuss the costs you can expect to sell by owner in Kansas City.
Screening Calls From Buyers
From excited buyers agents calling at the most inopportune of times to unwanted spam and phishing attempts on your phone from your marketing, selling your own home as an FSBO listing in Kansas City means you’re acting as a gatekeeper. Make sure that you have time to return all phone calls and that you can appropriately screen all buyers. You may need to set aside several hours for answering or returning phone calls, emails, and messages.
Emotional Attachment
Every person has some emotional attachment to their homes. Let’s face it, you made a lot of memories there. It is sometimes hard to give up even if you are moving into your dream home. You also may have worked hard making updates to get your property ready to sell. You have to be prepared to show your home to buyers who will have different tastes than you and who will be verbally critiquing your home in front of you. The more emotionally attached you are to your home, the harder this will be. Having an agent means that you can avoid the discomfort of hearing those buyer critiques.
Present your house for sale
Showing your house may seem like a big inconvenience and headache. One of the top reasons sellers delay putting their home on the market is their dread of the entire process of showing the house, with or without an agent. Strangers exploring your private domain may make you uncomfortable, even if viewed through online photos or a 360-degree virtual tour. From the inconveniences of last-minute buyers wanting a walk-through to rescheduling your whole life around potential buyers, trying to sell by owner in Kansas City can be a true nightmare.
Marketing to sell by owner
Marketing to sell by owner in Kansas City properly from the start is key to reducing the number of days your property will sit on the market. The longer a listing lingers, typically, the less you will realize. Your marketing plan would typically include hiring a professional photographer and drone videographer. From minor touchups in paint to a complete redecoration project, an agent will engage in staging the property for the best possible presentation. You must create copy for your listing that will get buyers calling. You may want to put signs out in your yard and let your neighbors help spread the word that your home is for sale. If you have experience in marketing, this step will be no problem for you in listing your house FSBO.
Negotiating the sale
Because you’re attached to your home, it makes handling your negotiations for your FSBO listing in Kansas City difficult for many sellers. Especially for a home that isn’t in perfect condition, buyers’ could make lowball offers, which could feel insulting. In their efforts to save money on the deal, comments can seem heartless and cold. An emotional reaction to potential buyers during such essential negotiations can be costly.
Repairs To Make
A great deal of upfront money can seemingly disappear into the hole of repairs on listings to sell by owner in Kansas City. Inspections are a necessary evil and benefit you as a seller, protecting you from the possibility of legal action should you fail to make disclosures. Often, for your buyers to qualify for their loan, all repairs must be completed before closing, which means you will be footing the bill. Otherwise, your buyers could ask for a price reduction that is usually outrageous for the repairs, their demands whittling away any profit remaining on the property.
Escrow
An essential step in any real estate transaction is the earnest money, usually handled by the agent and their broker, held in an escrow account until the closing. When you accept an offer and take your home off the market, your buyer will have put down a deposit, typically between one to three percent of the purchase price, to show that they are committed to making the deal. You will need to hire an attorney or arrange for a title company to retain the escrow funds when you have an FSBO listing in Kansas City .
Paperwork
Most sellers work with a professional, preferring not to carry the load of all of the FSBO listing responsibilities in the Kansas City real estate market. Along with online and local marketing for the house, this job entails complicated paperwork that falls within strict timelines and requires a considerable time commitment. Errors on this paperwork can delay or even derail your deal.
Skip Listing Altogether
Avoid the commissions and all of the hassles of an FSBO listing in Kansas City . Selling to Mastiff Home Buyers won’t cost you a dime and won’t take much time! Because Mastiff Home Buyers buys homes in as-is condition, directly in cash, the process takes only a few days! Ready to learn more about how Mastiff Home Buyers can help you solve your problems? Contact us today to find out how Mastiff Home Buyers can save you money and time at (816) 535-0076 .