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Mistake #3: Skipping the Inspection

FSBO Inspection Issues

Some FSBO sellers skip the inspection to save money, but this can come back to haunt you. Skipping an inspection might seem like a way to cut costs, but it can lead to bigger problems later on.

A pre-listing inspection can:

• Identify issues early: Discover problems before buyers do. This gives you time to address them.

• Prevent deal-breakers: Buyers will likely request a repair or a price reduction if issues arise during their inspection.

• Boost buyer confidence: When you have a clean inspection report, buyers will feel more comfortable making an offer.

Taking the time to get an inspection upfront can help you avoid headaches later in the process.

Mistake #4: Poor Photography and Marketing

DIY Real Estate Photography Tips

In today’s digital age, most buyers start their search online. If your photos don’t do your home justice, they may not even click to see more.

Here’s how to improve your home’s online presence:

Good lighting is key: Take photos during the day when there’s plenty of natural light.

Use a wide-angle lens: This will help make rooms look more spacious and inviting.

Capture key areas: Focus on the kitchen, living areas, and bedrooms. These are typically the most important to buyers.

If photography isn't your strong suit, consider hiring a professional photographer. High-quality images can make a huge difference in how quickly your home sells.

Source Pexels

Mistake #5: Ignoring Legal Issues and Closing Details

Legal Issues in FSBO Sales

While the idea of selling your home without an agent can seem simple, there are legal considerations you can’t afford to overlook. Missing paperwork or improper contracts can cause delays or even derail your sale.

Here are a few legal tips:

• Understand contracts: Make sure you know what’s in your contract. If you’re unsure, it’s worth hiring a real estate attorney.

• Work with a title company: A title company will ensure there are no issues with the title and help facilitate a smooth closing.

• Be aware of contingencies: Make sure you understand buyer contingencies, including inspection, financing, and appraisal.

The closing process can be complicated, but taking the right steps early on can save you time, money, and stress later.

Conclusion

Selling your home FSBO doesn’t have to be overwhelming, but avoiding these common mistakes will make the process smoother and increase your chances of a successful sale. By properly staging your home, pricing it right, addressing inspection issues, improving your photos, and staying on top of legal matters, you can navigate the FSBO process with confidence.

FAQs

What is the difference between pre-approved and pre-qualified buyers?

Preapproved buyers have gone through a more thorough vetting process with a lender, including a credit check and the verification of their financial status. Prequalified buyers, on the other hand, simply provide basic information to a lender without formal verification. It’s important to work with pre-approved buyers as they are more likely to follow through with the purchase.

How can I boost my home's curb appeal when selling FSBO?

Small changes can make a big difference. Simple tasks like painting the front door, cleaning the windows, and adding some colorful plants can significantly improve the first impression of your home. These little touches can make potential buyers excited about what they’ll see inside.

Should I hire a professional photographer for my FSBO listing?

Professional photos can make your home look its best online. If you're not familiar with photography, it’s worth hiring a photographer. Good photos can increase interest and help your listing stand out. However, if you choose to take your own photos, make sure you use proper lighting and a good camera. 

 

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About the Authors

 

Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism and world travel. With the wealth of information they share on their award winning website RetireEarlyLifestyle.com, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on Amazon.com.