This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

Eugene Palermo


14 Important Facts to consider before you trying to sell your own home!

Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Realtor©. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:

1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.

3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. If the buyer is represented by a real estate professional Realtors© are trained on how to overcome buyers remorse--a very common occurrence.

4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.

7. The majority of qualified buyers are working with experienced real estate professionals.

8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.

9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.

10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.

11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.

12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.

13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.

14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Realtor© can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.

Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

7 Steps To Selling your home

Step 1 - Evaluation - Get Ready to Sell your house

Step 2 - Get A REALTOR Eugene Palermo®

Step 3 - Set the Listing Price Pricing your home eugene palermo

Step 4 - Marketing Your home Eugene Palermo

Step 5 - Offers Counteroffers and Negotiation Eugene Palermo

Step 6 - Purchase and Sale Agreement and Closing Eugene Palermo

Step 7 - Moving getting a realtor eugene palermo

The following articles provide useful information and are a great place to start if you're considering Selling a home, condo or loft.

eugene Palermo real estate buying house condo How To Choose and Agent

eugene Palermo real estate buying house condo My Services for Sellers

eugene Palermo real estate buying house condo Client Testimonials

eugene Palermo real estate buying house condo My Resume

eugene Palermo real estate buying house condo 14 Facts to consider Before trying to sell your house condo or loft on your own

eugene Palermo real estate buying house condo Does my Home need Staging?

eugene Palermo real estate buying house condo GTA Market Reports

eugene Palermo real estate buying house condoCondo Market Reports

eugene Palermo real estate buying house condo Christie’s International Real Estate for Properties over $1,000,000

eugene Palermo real estate buying house condo Profiles of Success Magazine

eugene Palermo real estate buying house condo Real Estate Trades Secrets

eugene Palermo real estate buying house condo Should I have Pre-Home Inspection before going to market

eugene Palermo real estate buying house condo Why Use  a Realtor when selling my home, condo or loft

eugene Palermo real estate buying house condo Planning your move now that you bought your new home

eugene Palermo real estate buying house condo Contact me I want to discuss Selling my House, Condo or Loft


Toronto Skyline