6 Reasons To Avoid An FSBO Listing of Your House In Athens, Georgia!

6 Reasons To Avoid An FSBO Listing of Your House In Greater Athens Georgia with Real Estate Agent Georgui Kassaev, My Athens Realtor.

For many people, a rule of thumb is to avoid a “For Sale By Owner” or “FSBO” listing at all costs, whether they’re buying or selling. They do whatever they can to avoid listing their houses for sale by owner – even if it costs them more – and they also steer clear of looking at homes not listed with a Realtor. Not only that but many real estate agents stay away from FSBOs because they know they will not be working with a professional and could jeopardize the relationship with their clients. Here are 6 reasons to avoid an FSBO listing of your house in Athens,  Georgia.

TIME

Listing your house in Athens, Georgia. on your own takes up an incredible amount of time. You have got to get everything ready for the listing, on your own, research what comparable houses sell for, and find places to market your home listing. The next time-consuming thing is, answering a ton of phone calls from serious buyers and looky-loos. Then, once you do get people interested, you’ve got to make time to get the property ready for showings, clear your schedule, and actually show people your home, then comes the reviewing of the multiple offers and negotiations with the prospective buyers on price and other details. 

If you’ve got a full-time job, a family, or anything else going on in your life, such as hobbies, you may want to avoid an FSBO of your home for this reason alone.

COST

You may think you’re saving quite a large sum of money by going FSBO. After all, you will not have to pay a real estate agent their commission, right? However, those savings will quickly dissipate since you’ll be paying out of pocket for anything to do with staging, as well as all the costs associated with marketing your home, not to mention the time you will have to miss at work if that’s even an option. This can easily add up to thousands of dollars with very little guarantee of a return on your investment.

To contrast, Realtors carefully calculate how much they’re going to spend in preparing and marketing each listing, and they’ve got the economies of scale on their side to save them money. Not to mention that they are professionals whose sole job is to get their clients the best price for the client’s house. 

PERCEPTION

Some sellers avoid an FSBO listing on principle. They wonder what sort of condition the home will be in, and whether the sellers will be a pain to work with. When you list FSBO, you run the risk of immediately disqualifying a large portion of potential buyers, making it that much more difficult for you to sell your home. In addition to the pour perception from prospective buyers, there are those buyers who think that a listing by owner is easy prey and will try any tactic to lower the price since the owner is not protected by a Realtor. 

LIABILITY

When a real estate agent makes a mistake, such as not properly disclosing something about your house, you are protected from any liability, real estate agencies have insurance that is provided to their agents. However, when you list your home yourself, you’re not protected. This can not only cost you a  potential sale and time, but it can get you into big legal trouble. For many people, this is a big reason to avoid an FSBO listing.

PRICING

Finding the right price for your house is part science, part great guessing. But real estate agents have a ton of experience and knowledge, as well as some tools at their disposal, to help get it as close as possible to the right.

When you price your own home, how do you know you’re pricing it right? Is your sentimental attachment causing you to price it too high and lose offers? Or is your desperation to sell making you list it too low and leaving money on the table?

Realtors undergo extensive training but even they are not all created equally. Georgui Kassaev, My Athens Realtor is a certified pricing strategy advisor and has taking many hours of continuing education to sharpen his skill. 

NEGOTIATING

Everyone loves a good deal, especially someone buying a home. So some home buyers try to haggle and nitpick every detail hoping the sellers cave.

If you’re selling your own home, knowing how much to knock off to cover some minor damage repair, or where to draw the line between reasonable requests and unreasonable ones, can be difficult. This can lead to a lot of lost time, frustration, and a lower price than you’d like.

According to the National Association of Realtors, FSBOs accounted for 8% of home sales. The typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales.

 

Experienced Real Estate Agents in Athens

If you want to avoid an FSBO of your home in Athens, trust our team of professionals to sell your home with as little hassle as possible. Reach out today, there is no cost or obligation just a bit of your time to talk about your Real Estate Goals.

Contact us today at 706-426-1082 to learn more about how to avoid an FSBO listing in Athens!

For sale by owner on average make 24% less. FSBO get less for their homes.

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Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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