• The home may sell for a lot less than it is worth. Statistics show that the average FSBO home sells for as much as 15% less than homes sold through traditional real estate agent channels. • Your house sale will have less visibility. While there are lots of venues for you to promote your home, only real estate agents can list homes on the Multiple Listing Service (MLS), which is one of the biggest online tools real estate agents use. Real estate agents have more experience in promoting your home through ads, signs, and other methods. • Preparing the legal forms, disclosures, and other paperwork is your responsibility, and if you’re unfamiliar with the guidelines and requirements, you take the risk of financial and legal liability. • You will have to educate yourself on the home-selling process, the current market climate, advertising methods, and on how to work with potential buyers. • It might be harder to weed out unqualified and uninterested buyers without prior experience. People who may not be able to get the proper financing will seek out homes that are FSBO because they know most private sellers are inexperienced. You’ll also get just curious folks who aren’t serious about buying but like to look around. These types of inquiries will waste your time and can distract you from serious buyers.
HIRING AN AGENT
The most common way of selling a property is to hire a real estate agent. This might also be the least risky, most reliable way to sell your inherited house at the best price.
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