Is FSBO Safe?

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Safety is often raised as an issue in FSBO (For Sale By Owner) real estate sales. Some real estate agents try to scare homeowners into listing with them by claiming that is unsafe. Some homeowners are unsure how to show their property safely.

FSBO should be less than safe to sell through a real estate agent. In fact selling FSBO should be safer. FSBO homeowners can not do it for themselves.

What does a real estate agent do?

Real estate agents claim that they vet prospective buyers? Does the real estate agent check whether the buyer has a criminal record for violent crimes or theft? Of course they do not. At best, the agent may get a name, address and contact number of the buyer before they visit.

Getting a contact number for buyers is easy, just ask when the buyer calls to you about viewing your property. Before the buyer visits they are still coming. This lets you confirm that the contact number is genuine and thus reduces the likelihood of no-shows.

FSBO advert contact details

It is advisable to limit the amount of information that you make available through online FSBO advertising. Some homeowners include their full name, telephone numbers, e-mail address, street address of the property and they are at home. Whilst this is not enough to forge documents, it looks as if it is gaining unwanted attention from confidence.

A potential buyer only needs to know your first name to make polite initial contact. There is no need to include your surname and titles in your FSBO advert.

Choose an online advert that protects your email address. There are programs that trawl for published email addresses. If you post in your FSBO you are asked to receive spam.

The better FSBO sites search as http://www.smartvendor.com.au have online messaging systems that allow buyers and sellers to communicate online while keeping email addresses private

When selling your own home a mobile phone is invaluable. Anybody is home. Not only are they homeowners.

Open house inspections

We do not recommend holding an open house viewing when selling your property. Open house inspections are hard-working and many buyers are looking at a property with lots of other buyers unproductive and frustrating.

Real estate agents use open houses as a way of getting leads about other properties that are for sale. Often the real estate agent wants to be at the front of a house to make sure they receive details of their agency. But once inside the property buyers are allowed to roam around unsupervised.

Potential thieves can use open house inspections to check out security systems and case the properties if left to roam unsupervised. Do not provide too much detail regarding your home's security system.

Common sense rules

When you are reviewing your property follow these common sense rules:

Remove all valuables from the property. Take them off site in a safe deposit box. Do not just put them in a drawer.

Make sure there are two people in the property at all times. Ask a friend or family member to accompany you. Only one of you need conduct the viewing.

Keep blinds and curtains open during viewings.

Showing your property after dark

Allowing buyers to drop in for viewings without a priori notification and especially if the buyer is requesting an impromptu viewing after dark. Politely explain that you are happy to show your home during daylight hours, when the buyer can fully appreciate your home's wonderful features. Offer a flyer or information sheet to take away.

FSBO may not be for you

FSBO is not for everybody. In order to sell your own home you must be prepared to show potential buyers around the property. If you are uncomfortable doing this or if you are feeling unwell, then it would be a good idea.

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Source by Nicholas Butler

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