The Risks of Selling Your House on Your Own
Selling your house is a major life event. It's a time of change, excitement, and opportunity. But it's also a time of stress, uncertainty, and potential risk.
One of the biggest decisions you'll face when selling your house is whether to hire a real estate agent or sell on your own. FSBO sellers are often motivated by the potential to save money on commission fees. However, it's important to weigh the risks and rewards carefully before making a decision.
Here at Schell and Sivils, we believe that hiring a real estate agent is the best way to sell your home for the best possible price and terms. With over 20 years of experience in the Texas real estate market, we've seen firsthand the many benefits that a good agent can offer to sellers.
Here are some of the risks of selling your house on your own:
- Pricing your home incorrectly: One of the biggest mistakes FSBO sellers make is pricing their home incorrectly. If you price your home too high, you'll risk scaring away potential buyers. If you price your home too low, you'll leave money on the table. Real estate agents have the training and experience to price your home accurately. They'll consider factors such as the current market conditions, the condition of your home, and the value of similar homes in your area.
- Marketing your home effectively: Once you've priced your home, you need to market it to potential buyers. This can be a time-consuming and challenging process, especially if you're not familiar with the latest real estate marketing strategies. Real estate agents have access to a variety of marketing tools and resources, including online listings, social media, and direct mail campaigns. They can also help you stage your home and take professional photos to make it look its best.
- Negotiating with buyers: Once you've received offers on your home, you'll need to negotiate with buyers to get the best possible price and terms. This can be a complex and stressful process, especially if you're not familiar with real estate law and contracts. Real estate agents are skilled negotiators who can advocate for your best interests. They can also help you understand the legal implications of any offers you receive.
- Handling legal and financial matters: Selling a home involves a lot of legal and financial paperwork. If you're not familiar with the process, you could make a mistake that could cost you money or even delay the closing of the sale. Real estate agents can help you handle all of the legal and financial aspects of the sale, from drafting the contract to closing the deal.
- Dealing with difficult buyers or their agents: Not all buyers are created equal. Some buyers may be difficult to work with, and some buyer agents may be aggressive or unethical. Real estate agents can help you deal with difficult buyers and their agents. They can also protect you from any fraudulent or unethical behavior.
In addition to the risks listed above, there are a number of other benefits to hiring a real estate agent when selling your home:
- Convenience: Real estate agents can handle all of the details of selling your home, from start to finish. This can free up your time and energy so you can focus on other important things, such as moving to your new home.
- Expertise: Real estate agents have the knowledge and experience to help you navigate the complex process of selling a home. They can answer your questions, provide guidance, and help you avoid potential pitfalls.
- Negotiation skills: Real estate agents are skilled negotiators who can advocate for your best interests when dealing with buyers. They can help you get the best possible price and terms for your home.
- Peace of mind: Knowing that you have a qualified real estate agent working on your behalf can give you peace of mind during the selling process.
If you're thinking about selling your home, we encourage you to contact Schell and Sivils today to learn more about how we can help you achieve your real estate goals. We have a team of experienced and knowledgeable real estate agents who are committed to providing our clients with the best possible service.
Here are some additional tips for sellers:
- Start preparing to sell your home early. This will give you time to make any necessary repairs or updates, and to declutter and stage your home.
- Be realistic about your pricing expectations. Your real estate agent can help you price your home competitively, taking into account the current market conditions and the value of similar homes in your area.
- Be flexible with your timeline. If you need to sell your home quickly, be prepared to make some concessions on price or terms. However, if you're not in a hurry, you may be able to get a better price




