Carroll County and Baltimore County homeowners sell their homes and move every year. Most homeowners choose to have their home sold by a real estate agent. Other homeowners choose to go it alone and attempt to sell their homes themselves.
Are they successful? A few, yes. The rest? No, and they don’t stand a chance. Why? Because they don’t know how to sell their own Carroll County or Baltimore County home.
Did you know:
Study: FSBOs Net ‘Significantly’ Lower Profits
For-sale-by-owners tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a new study by Collateral Analytics.
The study examined the price differences between homes sold through traditional agents versus those sold by FSBOs from 2016 to the first half of 2017.
Some homeowners may be tempted to try to avoid commission costs to a broker and try to sell the home on their own. But that can backfire and turn into a much lower sales price, the study found.
Even successful FSBO sellers achieve prices “significantly below” those from similar properties sold more traditionally via REALTORS®, the study found.
The authors found that the differential in selling prices for FSBOs when compared to MLS sales is “remarkably close to average commission rates.” A FSBO sale, on average, nets nearly a 6 percent lower price than an MLS sale for a similar property.
“Assuming that both buyers and sellers pay the commission, one might have expected something less than this average,” the researchers note. “It appears that many sellers are avoiding commissions while netting home prices less than they would with an agent-represented MLS sale. They are avoiding commissions at any price, even one that exceeds a commission rate.”
How do you sell a Carroll or Baltimore County home?
What are the steps? This article will teach you how to sell your own home in only 7 steps!
The steps are not complicated (generally), but do require attention to detail, and knowledge of the homesale process. Do you want to get sued? Didn’t think so. Even after the sale, it’s possible to get sued if the proper disclosures aren’t made prior to the sale, or if the sales contract isn’t 100% compliant with Maryland requirements.
Let’s keep you out of trouble, and enable you to sell your own home. After all, it will save you money, right? Hmm, will it? Maybe it won’t! Most homes sold “For Sale By Owner” sell for
LESS than if that same home had been listed by a real estate agent, AND take longer to sell.
All is not lost! The purpose of these 7 steps is to give you the knowledge you need to sell your own home.
Follow each step in their entirety for your best chance of selling your own in the shortest amount of time and for the most money!
HERE’S WHAT YOU NEED TO KNOW TO SELL YOUR OWN HOME
CARROLL COUNTY & BALTIMORE COUNTY, MD
Click on “Research” below to get started…
Step 1 – RESEARCH
– How do I determine my list price?
– How long will it take my house to sell?
– What can I expect my house to sell for?
– Do I have to pay any closing costs?
Step 2 – INSPECT & REPAIR
– Do I need to fix anything before I list my house?
– Under what circumstances will I be expected to fix anything?
– What else do I need to do to get my home ready to sell?
Step 3 – PHOTO, VIDEO & DISCLOSURES
– What’s the best way to get buyers to look at my house ?
– What does Maryland require so I don’t get sued?
Step 4 – MARKETING
– What are the best ways to get the word out?
– Why should my home be in the multiple list?
Step 5 – SHOWINGS
– Someone wants to look at my house, now what?
– What is keeping more buyers from looking at my house?
Step 6 – NEGOTIATE OFFERS
– Yay! I got an offer on my house! Now what?
– How much money will I make based on this offer?
Step 7 – SETTLEMENT!
– My house if almost sold! As a seller, what do I need to do?
Follow the above 7 steps in their entirety, and you have the best chance of selling your own Carroll or Baltimore County, MD home!