Considering selling your property? Explore the advantages of the For Sale By Owner (FSBO) approach and discover why it might be the perfect fit for you.
1. Save Big on Commissions
One of the primary reasons sellers opt for FSBO is substantial cost savings. Let’s face it, parting with around 6% of your home’s sale price to agents doesn’t sit well with anyone. Crunch the numbers: on a R1, 000,000 home, that’s R60, 000+VAT, and on a R2, 000, 000 home, it balloons to R120,000+VAT. Saving this chunk of change becomes an undeniable incentive.
2. Take Command of the Sales Process
Empower yourself with control over your home sale. In an era dominated by online transactions, the traditional method might seem outdated. With FSBO, you decide on every aspect, from crafting the listing details and choosing photographs to advertising strategies and closing timelines. The allure of being in charge is immense.
Before making your decision, let’s delve into the second aspect: control.
3. Balancing Control and Responsibility
While controlling the process is enticing, it’s essential to acknowledge the responsibilities it brings. By taking the reins, you assume tasks traditionally handled by estate agents. Marketing your home and coordinating showings. It can be time-consuming.
The value of appointing a conveyancing attorney early in the process is underrated, as the attorney will most likely be willing to assist with everything from drawing up the offer to purchase (sale agreement) right up to transfer of the property and disbursement of the sale price to you.
So, is For Sale By Owner worth it?
The answer hinges on your willingness to shoulder these responsibilities to save on commissions and relish full control of the sales process. Explore the benefits, weigh the options, and make an informed choice for a successful property journey!
Learn how to navigate your home sale journey
