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Disadvantages of Selling Your Home Without a Brooklyn Real Estate Agent

Sunday, August 14th, 2011

Selling your Brooklyn Home For Sale By Owner!

Is it really that difficult to sell your home by yourself?  It depends.  Do you like to market, negotiate and fill out legal documents?  If yes, you may prefer to sell your home without the help of a Brooklyn real estate agent.

Before you make your decision, consider these three disadvantages of selling your Brooklyn home as a For Sale By Owner (FSBO):

  1. You may under-price or over-price your home for sale. If you’ve overpriced your home, you won’t get many interested buyers.  When you drop the price of your home a few weeks later, you’ll have missed the “new on the market” window of opportunity that brings in a lot of potential buyers.  If you under-price your home, buyers will wonder what’s wrong with it, and if it sells, you’ll be leaving money on the table.
  2. You have to pay to market and advertise your home for sale.  When you sell your own house, you’ll spend money on marketing and advertising costs including for sale signs, online ads, print ads in newspapers and real estate magazines, as well as the cost to be included in the MLS.  When you hire a Brooklyn real estate agent, they pay to market and advertise your home.
  3. You are responsible for all the legal paperwork needed to sell your home. This means you must know what paperwork is required by the state and how to fill it out correctly.  If you fail to do this properly, it can delay the sale or even leave you open for a lawsuit down the line if something is wrong or missing.

If you determine that listing your home as a FSBO is not right for you right now, hire a Brooklyn real estate agent to sell your home for you.  Although you’ll have to pay commission, it will save you time and effort (and maybe even money) in the long run.

If you’ve decided to hire a Brooklyn real estate agent, I’d be honored to be interviewed for the job.  Please give me a call me Charles D’Alessandro your Brooklyn real estate agent with Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected] to schedule a free no obligation interview or market price review.