Downfalls of Selling Your Omaha or Council Bluffs House With an FSBO Listing

Downfalls of Selling Your Omaha or Council Bluffs House With an FSBO Listing
Homes By Chris Harter: Your Local Omaha and Council Bluffs Real Estate Agent. Call: 402-378-9462 or www.homesbychrisharter.com

A for-sale-by-owner (FSBO) in Omaha or Council Bluffs sale can seem, on the face of it, a great way to save a lot of money and so is quite tempting for many sellers. But is it really as good as it seems? Well, the standard agent commission is 6% to 7%, so there’s the potential to save several thousands of dollars. There are, however, many cons to offset the potential savings – which often isn’t a savings if you consider the typically lower sale price for an FSBO listing. So let’s take a look at the downfalls of selling your Omaha or Council Bluffs house with an FSBO listing.

Lack of Time and Flexibility

Selling houses is the full-time job of a professional local real estate agent in Omaha and Council Bluffs, but you already have a full-time job. If you go with an FSBO listing to sell your home fast in Omaha or Council Bluffs, it’s very likely you won’t have the time to do it properly.

In addition, all the claims most people have on their time – job, family duties, social responsibilities, and so on – will prevent them from having the necessary flexibility. Requests for showings from potential buyers can come at any time of the day or night and often on very short notice. Can you leave work or a family gathering at any time to meet with a buyer? Probably not.

But your local Omaha and Council Bluffs real estate agent is willing to and can do this. To find out more about the advantages of a local Council Bluffs and Omaha agent’s time commitment and experience reach out to Chris and her team at Homes By Chris Harter, just call 402-378-9462.

Limited Marketing Reach

Marketing, especially online marketing today, is a key element in selling a house quickly in Omaha and Council Bluffs and at a good price. Sure, with an FSBO listing, you can do your own marketing. But will that really be enough to get the job done?

In trying to sell your Omaha house with an FSBO listing, you most likely won’t have the marketing reach that your local realtor in Omaha and Council Bluffs will. “Even if you have a large personal or professional network, those people will likely have little interest in spreading the word that your house is for sale. You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home. A smaller pool of potential buyers means less demand for your property, which can translate into waiting longer to sell your home in Omaha and Council Bluffs and possibly not getting as much money as your house is worth.”

Inability to Vet Buyers

Another important aspect of the home-selling process in Omaha and Council Bluffs is vetting (or qualifying) buyers. You don’t really want to waste your time on mere tire kickers. Most house sellers in Council Bluffs and Omaha don’t have the experience to do a good job of this on their own. A local top real estate agent in Council Bluffs and Omaha, on the other hand, can tell pretty quickly if a seeming buyer who wants to view your home is really a qualified buyer or someone who is just curious.

If you decide to sell your Omaha or Council Bluffs house with an FSBO listing, you’ll have to interrupt your life and put it on hold to show your home numerous times – and many of the buyers won’t be serious buyers. But local Omaha and Council Bluffs agents “are trained to ask qualifying questions to determine the seriousness, qualification, and motivation of a prospect . . . They can move a qualified and motivated person to the point of purchase. FSBO sellers lack this training and skill set.”

Lack of Negotiating Skill

And what about negotiating the best price and best deal possible? Do you have the requisite skill, experience, and expertise to negotiate effectively? Most local Omaha and Council Bluffs realtors do possess these essential things, most likely having negotiated hundreds of deals.

Two main downfalls of an FSBO listing in this area are that sellers typically have an obstructing emotional attachment to their home and they don’t have knowledge of local market customs and conditions. With respect to the latter, “agents know the pulse of the market and what’s driving demand, which gives them an advantage by knowing what terms are worth negotiating for and which are worth letting the other party win . . . Furthermore . . . an experienced real estate agent in Omaha and Council Bluffs know the local customs for selling a home fast in Omaha and Council Bluffs, such as whether the buyer or the seller typically pays fees such as transfer taxes and closing costs.”

Legal Risk

Finally, are you willing to take on the legal risk usually involved in selling with an FSBO listing?

Selling a house involves a lot of paperwork, much of it legally complex documents that have to be completed correctly and often by an expert in the field. A good example of these are the seller’s disclosures. If you don’t disclose everything about the property accurately and properly, you can be held liable for negligence, fraud, and/or breach of contract.

When you go through a local real estate agent in Omaha and Council Bluffs instead of using an FSBO listing, the bulk of the burden of legal risk shifts to your agent. “your realtor in Omaha and Council Bluffs probably knows more about disclosure laws than you do. If you fail to disclose a hazard, nuisance, or defect – and the buyer comes back to you after having moved in and found a problem – the buyer could sue you. Local Omaha and Council Bluffs agents  . . . have professional errors and omissions insurance to protect themselves and give the buyer recourse, so the buyer may not need to pursue the seller for damages.”

A Better Option than an FSBO Listing

Real Estate Agent Omaha

Obviously, then, using an experienced local real estate agent in Omaha and Council Bluffs is a better option. If you’re ready to sell your house fast in Omaha.

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