FSBO: From the Seller’s Point of View

"For Sale By Owner" — You’ve surely seen these signs throughout Albuquerque and surrounding communities. However, you may have only learned about this home-selling method from the perspective of the buyer or an escrow agent. At Sunwest Escrow, we believe that all homeowners should be informed of this option before they even think about selling their home. By examining the advantages of listing a home without the traditional help of a real estate company, you can discover the benefits of For Sale By Owner  from a seller’s point of view.

Why Sellers Use "For Sale By Owner" Options?

There are many reasons why these individuals choose to forego help from a real estate company, including:

●        They want to save on real estate broker commission fees.

●        They will allow the buyer to choose owner financing.

●        They need a quick, short sale of their property.

●        They have sold a home on their own previously.

6 Steps Sellers Take in For Sale By Owner Preparations

For an owner to list their homes correctly, there are a few steps they’ll need to follow:

1.      They must price their home accordingly, researching comparable home sales over time and considering the other similar homes currently for sale in the area.

2.      They need to stage the home for viewing, which may include cleaning the area, removing their own possessions and incorporating staged furniture from a professional staging company.

3.      They need to create an attractive listing which discusses the benefits of the home and includes great photography.

4.      They need to understand New Mexico seller disclosure laws which may include telling potential buyers about any hazards currently or previously in the home’s structure.

5.      They need to communicate with the buyer's real estate agents and develop a positive relationship.

6.      They need to enlist the help of third-party experts like attorneys or escrow services to help complete the legal documents and filings.

For Sale By Owner Escrow Services in Albuquerque

If you are interested in learning more about the For Sale By Owner benefits and process from the seller’s point of view, feel free to give Sunwest Escrow Inc. a call. We are here to answer all of your questions and make the home-selling process as smooth as possible.