Real estate agents usually fall into two categories: home buying agents and home selling agents (or FSAs). Hiring a FSBO is a relatively newer concept which refers to home sellers who no longer wish to engage the services of an agent and instead choose to sell their home by means of a FSBO. There are many advantages to selling your house by yourself, but there are also a few disadvantages to selling FSBO. Many sellers have FSBO agents, whose duty is to obtain the best possible price for their house.
Using Home Selling Agents
This means they can be less inclined to negotiate prices with buyers; they can refuse to carry out repairs and carry out marketing tactics. A buyer will not have the benefit of knowing any credit history or tax details so it’s important to check out a potential home-seller’s record. One other disadvantage of using a FSBO agent could be having to pay administration fees as well as stamp duty if they represent the home buyer. These fees can be enormous and so unless you’re very confident that you will be able to sell your house quickly and at a good price without any hiccups, it might be better to use the services of a real estate agent. The reason why home buying agents are more popular is because they act as a mediator when you have multiple parties interested in purchasing your home.
In conclusion, whether you decide to sell your house yourself or use the services of a FSBO home seller, the process shouldn’t take long. If you’re using home selling agents then you need to ensure that you find a real estate agent that is reliable and trustworthy. If you decide to go the FSBO route then you’ll probably have to carry out credit checks on yourself as a home buyer. Overall the process should be easy to complete and should result in some great offers in the current depressed real estate market.