FSBO Maryland sellers fail at most things in life. Just kidding, they just don’t succeed at selling their home most of the time. Of course, there are a few that get lucky, but they tend to be far and few in between. In this article, we will give you the top 4 reasons FSBO Maryland sellers don’t succeed.
Emotional Ties to the Property
Homeowners who consider their property a homestead usually have an emotional connection to it. This can make it extremely hard to hear criticism from buyers. So when someone says I hate the paint color and why would they put that awful picture on the wall, you have to remain professional and remember the criticisms aren’t personal.
Having an emotional connection to the home can also prevent you from seeing the true value of your home. You may think your home is worth $250,000, however research says it’s only worth $185,000. So, be sure that the emotional connection you have to the home isn’t clouding your ability to see the real number (value). And by real number, we mean the number that your house will actually sell for.
Insufficient Market Research
FSBO Maryland sellers suck at market research. Sorry, not sorry. I mean, you guys really do. But it’s not completely the fault of the FSBO. In order to do proper market research it is advantageous to have access to the MLS. Therefore, if you’re using information from Zillow and Redfin to do your market research, please stop now. Get out and start networking. See if you can find a realtor to work with, who can help you with your market research.
I’m not sure if you know, but we can totally help you with that. Give us a call today; our licensed realtor will supply you with an up-to-date market research packet (Comparative Market Analysis) for $99 per property. Click here to learn more about our Market Research Pricing Plans.
Real Estate Agents and Buyers are more likely to overlook your home.
FSBO’s aren’t really good at listing homes. Descriptions tend to lack information that is important for agents and buyers alike. Not to mention their pictures suck; no editing, bad angles, etc. Also, FSBO Maryland sellers aren’t good at paying the buyer’s agent commission.
Keep in mind; if a home is not placed on the MLS for the maximum amount of marketing exposure then it is possible most homebuyers will not see it. Zillow aggregates data from the MLS, so it’s not only showing FSBO properties, but also every property that is posted on the MLS by professional agents. So, if you are a FSBO and you would like for your home to have more visibility, list your home on the MLS with a realtor as a Listing only. This means that your listing will get maximum exposure, but you’ll still have the ability to remain a FSBO Maryland seller.
If you’re a FSBO and would like help overcoming some of these disadvantages, our licensed realtor would love to help. And we are sure that you would too? We can help you sell your home and maximize your marketing exposure. I don’t know what you’re waiting on, give us a call today, we’re waiting on YOU!