Gettin' Real: A Real Estate BlogGettin' Real: A Real Estate Blog


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Gettin' Real: A Real Estate Blog

Many people say they don't really feel like an adult until they buy their first home. It is a huge step. Rather than letting a landlord make all important repairs, you take on this responsibility yourself. You also get to build equity in the home over time, which can be a rather smart investment. At the same time, buying your first home can be a little intimidating. You may have questions about applying for a mortgage, setting a budget, and shopping efficiently. We hope to answer those questions with our helpful content. Your real estate agent is a good source of information, and so is this blog.

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Why Buyers Are Hesitant To Purchase Homes FSBO

Do you want to move to a different house? If so, you will have to sell your home first before you can buy another one. If you are considering selling it on your own, you should evaluate the risks in doing this. Selling on your own means selling your house for sale by owner (FSBO), and this is not an easy task to accomplish. The primary challenge you will face is finding a buyer. Buyers are often hesitant to buy homes that are FSBO, and here are some of the reasons for this.

Buyers Already Have Real Estate Agents

The first factor that causes hesitation with buyers is that many already have real estate agents helping them. If a person hired an agent for help buying a house, the person might rely on the agent for help finding homes to view. If the person finds a house FSBO, he or she may not want to even view the home because of the conflicts this may present. If the buyer bought the FSBO home, would his or her agent receive a commission? Buyers are hesitant for this reason.

Buyers Feel Confused About the Process Without an Agent

Two, buyers feel confused about the process of buying a home without an agent. The home-buying process is often confusing enough with the help of an agent, but it's even worse when a person has no one representing or helping them. People will often pass up FSBO homes because of the confusion. People usually want to make this process as simple as possible, and that is one of the primary reasons they hire real estate agents for help.

Buyers Do Not Know What to Ask or Look for Without an Agent

Finally, people who are shopping for homes do not typically know what to look for in the houses they view. They are not sure how to evaluate the condition of a home or even what questions to ask. To learn how to ask the right questions and the best ways to assess a home, a buyer hires a real estate agent for assistance.

Did you also know that it is hard to market an FSBO home? If you cannot reach enough people with your sale, finding someone who wants to purchase your property may be difficult. If you would like to learn how a real estate agent can help you sell your home, contact one today to set up an appointment.  

For more information, contact some real estate agents.