What You Should Know About Home Selling By Owner in Raleigh

Before you commit to house selling by owner, consider selling direct to us.

Thinking about home selling by owner? Before you jump into the for sale by owner (FSBO) waters, it’s important to understand how the costs of this method of selling your home can cut deeply into your time and money.  We’ll cover what you should know about home selling by owner in Raleigh.

Commissions

While many homeowners choose to go the FSBO route believing they will save thousands on commissions, more often than not they learn soon after that this is not the case. 

When you sell your home by owner, it is likely that you’ll still be working with a real estate agent that is representing a buyer. This means you will still be paying a commission to the buyer’s agent which is an important detail to remember when using an FSBO listing to sell your house in Raleigh. 

Costly

Listing your house at the right price can mean the difference between a quick sale and your home lingering on the market. If you want to be certain you priced your house right, you should hire a professional appraiser who will compare your property to those nearest and have sold recently. You may also wish to hire a real estate attorney to draft your contract. Advertising in today’s real estate marketplace means using professional photography, providing virtual tours, and staging your home, all of which can be expensive . All of these expenses are important details that you should know about when selling your house by owner in Raleigh. 

Repairs

Another important thing you should keep in mind when home selling by owner in Raleigh is that buyers will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.

Commitments

Are you available to show your house with 24-hour notice, or less? Are you ready for your phone to ring at any moment? You will receive calls from pushy and eager buyer’s agents. Scheduling showings and making certain your home is always ready for walk throughs can be extremely stressful and will be necessary even at the most inconvenient times. You want to sell your house, right? Making certain you meet any pending deadlines for your transaction can also bring added pressure. The paperwork takes time as well.

Lost Deals

Buyers using traditional financing can end up wasting your time by failing to qualify for their loan after going through all of the necessary steps in the qualification process. This is another problem when home selling by owner in Raleigh. Your buyer could have unexpected life changes or a change in their credit score or debt ratio since being prequalified. One thing you can do about it is to only work with preapproved or cash only buyers. Remember, try not to take it personally when working with cash only buyers. They usually expect to pay less for your home due to the advantages that closing a deal in cash brings.

Home selling by owner in Raleigh can be expensive and time-consuming. How long are you willing to wait? Narrow Path Investments, LLC typically closes within 30 days or less, By selling directly to Narrow Path Investments, LLC, you won’t pay any commissions or other fees. What we offer is what you are paid at closing. Narrow Path Investments, LLC saves you both time and money because we usually purchase homes as-is so you won’t have to worry about paying for repairs. You also won’t have to worry about marketing costs or the headaches of showing your house to potential buyers. We make it easy! Just send us a message or call 919-346-0699 today!

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