FSBO property listings are one option for homeowners in Oklahoma City. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to FSBO listings for sale by owner, going it alone isn’t always the right move. The process of selling a home is much harder than it would appear. A 90 percent failure rate for FSBOs trying to sell their own home should give you pause, especially with such an important decision.
When you’re ready to select the method you’ll use to sell your home, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about Oklahoma City FSBO property listings.
Time and Toil
Oklahoma City FSBO property listings are not an easy task. From making sure the property is listed correctly to scheduling appointments with professionals, you may understand why real estate agents earn high fees for their services.
Operating without an agent can be tiring. Listing the proper information on websites like Craigslist, Zillow or Realtor.com takes time and must always be kept up-to-date with current market prices, tax rates, and other relative data. And selling it all by yourself? It can feel overwhelming at times, but there are steps you can take to make the process much easier…especially if you have a little guidance from Oklahoma City real estate experts!
Lower Offers
If you are selling Oklahoma City FSBO apartments or Oklahoma City FSBO homes, the process of getting a home listed on the market and finding a buyer is similar to that of working with an agent. That means it is important for Oklahoma City FSBO listings to have their homes professionally photographed so they can be posted online, as well as having single-family homes priced at levels that attract buyers.
Repairs
Repairs are not something you can escape with Oklahoma City FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.
Legalities and Paperwork
Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners with Oklahoma City FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
Holding Costs
You should also know about holding costs and how they can eat away at the profits of Oklahoma City FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market. you’ll be left with the mortgage payment and all other expenses to keep the property in saleable condition. Even an agent cannot tell you an exact closing date when listing a property on the Oklahoma City market.
The most important thing you should know about Oklahoma City FSBO property listings is that there is another option. Selling directly to Integrity Home Buyers is 100 percent successful for sellers. When you work with Integrity Home Buyers to sell your home, you still get to save the commissions for yourself! Integrity Home Buyers pays cash so that the closing can be in a matter of days.
We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional home sale or a direct sale to Integrity Home Buyers. At Integrity Home Buyers, our goal is to help you make the most profit on your most important investment, your home. Feel free to ask Integrity Home Buyers any questions you may have with no obligations. Send us a message or call Integrity Home Buyers at (405) 367-6048.