We buy houses in Tampa. We offer cash for homes that can be sold two or more ways, and we work hard to make the process as seamless for you possible. If you’ve been looking into trying to sell your Tampa home by yourself, you’ve probably seen “FSBO.” These four letters are a popular way to let the world know that you’re selling your home on your own. What is the acronym for FSBO? In this blog post, we will discuss that and the benefits and issues associated with it.
Back to Basics: What is FSBO
FSBO stands for “for sale by owner.” In short- rather than working with a real estate agent or broker you sell the home without any outside help. This may sound counter-intuitive, but it’s actually a huge money saver. If you sell your Tampa home by yourself, you get to save an average of 6% commission fees on your sale. That may not sound like a ton of money, but in the grand scheme of a potential $200,000 sale, that’s $12,000 you have to fork over.
The FSBO home seller will be able to sell their property at a cheaper, more competitive price. If time is of the essence, it’s wise to price competitively. Or, you could sell it along the lines of the Zillow Zestimate and pocket the savings.
So why doesn’t everyone go FSBO with so much money on the line? Well, you have do all of that real estate agent work yourself. While that may not sound like fun, we have some tips to help you prioritize and get a solid game plan ahead of you!
Entice Buyers with Pricing
From the agent’s perspective, a comparative market analysis is an important part of finding your perfect home. They look at homes in that area and gather all available information on them so they can come up with fair pricing for listings. The right price is critical to a home’s success. And the longer your property sits on the market, it gets increasingly difficult to sell.
How do you make a comparative market analysis? First, have an appraiser visit your home to help better understand its condition. With this knowledge in hand, you can use online tools to search through public housing records. To make sure you get the most for your home, look close to a few months ago. The actual sale price is what matters in this case, not their listing price.
Lots of Cleaning
Before marketing your property online, it’s important to make sure it looks its best. If you got your home appraised, you should have been given a list of items that may need attention. Do your best to knock out those items, or focus on lower cost but high return repairs.
Things like a fresh coat of paint, a splash of color on the door, nicely manicured lawns, etc. All these are relatively inexpensive but have a huge impact on the impression of your home.
Start Marketing
Start with taking some pictures of your freshly cleaned home! These days, smartphone cameras have gotten so good that it’s difficult to recommend hiring a professional photographer. Most phones released in the last 3-5 years even come with different types of lenses. So, try them all out and see what compliments your home best! Play with the lighting in the home, try opening the windows for more natural light. It make everything look bigger, cleaner, and more alive.
Where to list the house? Well since most of us don’t have access to the multiple listing service (MLS), there are plenty of sites that host FSBO sales; most notable would be Zillow. And don’t forget the little stuff – just a “For Sale” sign in the front yard is still an excellent method. Believe it or not, word of mouth marketing is not dead.
Consider a Cash Sale
If you want to sell your home without a broker or taking on the responsibilities of one, there’s an easier option. If you’re interested in trying to sell your Tampa home as-is for cash, get an offer today. Avoiding both commission fees and closing costs will make the whole process easier than ever before!
We at SellThatFloridaHouse are local homebuyers in Tampa, Florida. We make it easy for homeowners to sell their house and get cash-fast with our simple process. We guarantee a fair cash offer and we can close on a date of your choosing!