A DIY approach might seem like a great idea for family birthday parties or holiday decorations, but it can be a big mistake when it comes to buying or selling a home. Many homeowners are looking for ways to maximize their equity and provide the perfect home for their family. In an attempt to save money, they consider a For Sale by Owner (FSBO) approach when they are ready to move.
Real estate is a big investment, and seemingly small mistakes might cost several thousand dollars. Anytime you are making an investment or selling a property; it is essential that you have an experienced real estate team to help you navigate the process.
Common FSBO Mistakes
If you don’t have a real estate agent helping with your real estate transaction, then there are a few common pitfalls that you might experience. These are some of the problems that often arise if you aren’t working with a good real estate agent:
- Negotiations: Are you handing the other party thousands of dollars because you missed an opportunity to negotiate? Or, maybe you negotiated too much and scared the other party away. An experienced real estate agent knows when to negotiate and when to make concessions. You need to tap into their expertise to maximize your equity.
- Network: Often, a buyer or seller is found because of a personal connection made by the real estate agent. Real estate listings are helpful when looking for properties, but industry relationships are even more valuable. Additionally, your real estate agent can connect you with other vendors, such as renovation contractors, lawyers, inspectors, mortgage brokers, and more.
- Pricing: It is an art to choose the price for your listing. You need to consider comparable homes in the area and the appraised value of your property. This information is difficult to come by if you don’t have a real estate agent to help. Your agent will know what criteria to look at so that you can dial in a price.
How to Avoid Expensive 3% Real Estate Commissions
The main reason homeowners attempt a do-it-yourself approach is because they don’t want to pay 3% commissions to their real estate agent. These costs can add up and take away from your equity in the property!
The truth is that there is another way…. You can have your cake and eat it too! Here at DUFFY Realty, we offer a flat-fee pricing structure to our clients. You get the benefit of working with the top real estate team in the Atlanta area, but you don’t have to break the bank for these services.
We have many years of experience in the real estate industry, so our team can help you quickly and easily close your real estate deal. It’s a win-win: you get the top-notch services that you deserve, and you can save money at the same time.
Want to learn more about the best real estate agents in Atlanta? Contact us at DUFFY Realty: (678) 318-1700