For Sale by Owner (FSBO) is the process of selling your home without using an estate agent; it is essentially a private property sale. Whilst houses for sale by owner are becoming increasingly popular, what are the benefits of selling your home privately?
The obvious benefit of selling your home privately is to maximise your profits by reducing the amount you spend on expensive high street estate agent fees. Of course, high street estate agents will claim to be able to sell your home for a higher price, but this is merely a hollow promise.
Maximum Property Listing Control
Another benefit is that you have maximum control over your property listing. You can dictate the price, and indeed price fluctuations. You can create your own property listing, using your own words, your own photography and much more.
When people list their home for sale with a high street estate agent, they are reliant upon the estate agent negotiating the sale price.
Firstly, you never quite know the person who will be negotiating the sale of your home; their credentials, their negotiating experience or even their ability to communicate effectively with different personalities.
Secondly the negotiations are clunky when a third party is involved – especially when the third party is only available between the hours of 9am until 5pm!
Negotiations are much more efficient when conducted privately.
When a middle-man is involved, messages are easily lost in translation. Or worse; not relayed in a timely manner or not relayed at all! Taking control of your own communications provides maximum transparency for all property enquiries.
Your house sale has your undivided attention, unlike estate agents who are dealing with multiple properties and supporting multiple property vendors.
Flexible Property Viewings
With a high street estate agent, property viewings are generally only conducted between the hours of 9am and 5pm. Properties that are for sale by owner can be presented to interested parties at any time of the day that suits the property vendor and the property viewer, without having appease to the schedule of a third-party estate agent.
No Trust Issues
Many people don’t trust estate agents, so if a property vendor decides not to sell their home with a high street estate agent it means that they have full transparency over all communications, negotiations and financials.
FSBO with Professional Estate Agency Services
With MoveSelf it’s possible to have all the flexibility and control of a FSBO property listing, whilst harnessing the ability to purchase professional estate agency services on an ad-hoc basis. This way you get the best of both worlds!