Homeowners in California have the option of listing their properties for sale by owner. Let’s sell it ourselves and save all those real estate agent commissions! Isn’t that awesome? Flying solo can be a mistake when it comes to FSBOs for sale by owners. You would be surprised at how difficult it is to sell a house. It should make you second guess your decision, especially with such a crucial decision as selling your own home. FSBOs fail to sell their own homes 90% of the time.
In order to choose the method you’ll use to sell your home, which is likely one of your most important financial assets, you need to set realistic expectations. Here 5 Points You Should Know About California FSBO Listings.
Time and Toil
California FSBO listings take a lot of time and effort. Often you cannot understand why agents earn so much money for their services until you schedule appointments with professionals, including inspectors and appraisers, and host open houses.
Lower Offers
FSBO properties in California usually sell for less than properties listed with an agent. They know the importance of screening potential buyers and properly marketing the home. Additionally, they have excellent people skills. Negotiations tend to be more successful when the parties aren’t emotionally invested in the house. As important as your actual advertising efforts are, so is how the property is presented during the showing.
Repairs
If you are buying FSBO property in California, expect repairs. You may not be aware of disclosure laws, but learning this lesson the hard way could land you in legal trouble. Even if you do not make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price if they do it themselves.
Legalities and Paperwork
The thought of dealing with all of the paperwork can be overwhelming for sellers, which is why they work with a professional. Homeowners with California FSBO properties have a huge responsibility in making sure that every contract and form submitted is legitimate. Failure on this front could lead to a deal falling through, which will cost you even more.
Holding Costs
Additionally, you need to be aware of holding costs, which can eat away at the profits of FSBOs. Unfortunately, failing to have realistic expectations about what it takes to sell a home in today’s market may result in the property lingering on the market. You’ll still have to pay the mortgage and all other expenses related to keeping the property in sellable condition. Listing a property on the California market will not give you an exact closing date.
In the case of California FSBO property listings, it is important to know that you have other options. Direct sales to MCB Homes Inc. are 100 percent successful. The commissions on home sales with MCB Homes Inc. are still yours to keep! MCB Homes Inc. pays cash so that the closing can take place within a few days.
We will go over all details of your property and any extenuating circumstances that may be pressing you to sell, helping you determine how much you would profit from a traditional home sale or a direct sale to MCB Homes Inc. Our goal at MCB Homes Inc. is to help you make the most profit on your most important investment-your home. Please feel free to contact MCB Homes Inc. with any questions you may have. Send us a message or call MCB Homes Inc. at (209) 743-0602.
The 5 points mentioned in this article on FSBO listings apply to all cities in California State including: Lodi, Modesto, Stockton, Sacramento, Turlock, Valley Springs, Salida, and Oakdale.