Good real estate agents can be incredible resources. They have a thorough understanding of the local market, strong negotiating skills, powerful marketing tactics, and extensive networks.
As someone who works with real agents nearly every day, I am at awe of how valuable a good real estate agent can be.
But some sellers may not benefit from a real estate agent. Or, I should say, may benefit but not enough to justify the agent’s commission, especially here in Boulder, CO.
If you can answer yes to the following questions, you may be a good candidate for a FSBO sale (for sale by owner):
Have you already identified a specific buyer?
Perhaps you plan to sell your home to a tenant, or a family member, or your neighbor’s mom’s best friend. If you’ve already found a buyer who, for one reason or another, you’re comfortable selling to, then you don’t need the powerful marketing tactics of a seasoned real estate agent.
Do you know what your property is worth, or are you willing to do the research?
A good real estate agent will pull neighborhood comps and conduct a full analysis before suggesting a list price. But truth be told, they’re using the same information that you can access yourself. After all, property sales are a matter of public record. And for a more thorough analysis, you can always hire a professional real estate appraiser.
Have you been through a real estate transaction before?
The real estate transaction process can be daunting. But a well crafted purchase contract will outline who should be doing what, and by when. This, paired with a general understanding of the overall process and a little help from a FBSO attorney, is sufficient for most people to navigate a standard real estate transaction.
If you’ve already identified a buyer, understand your properties’ worth, and have a general understanding of the real estate transaction process, you may want to consider selling your home without a real estate agent.
Contact us here or call 720-588-9830 to talk to a qualified FSBO attorney in Boulder, CO.