FSBO property listings might sound like an appealing option for home sellers in Alaska. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to FSBO listings, going it alone isn’t always the right move. The process of selling a home is much more strenuous than most people realize. If you’re thinking of selling your home in Alaska, you should know there’s about a 90 percent failure rate for FSBO listings.
There are a few different options to choose from when you’re deciding which method you’d like to use when selling your home. When it comes to selling something that is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about FSBO property listings in Alaska.
Time and Toil
One thing you should know about FSBO property listings in Alaska is it takes a lot of time and hard work. From scheduling appointments with professionals, such as inspectors and appraisers, to open houses and showing the property over and over – it won’t be long before you understand why real estate agents have turned this into a full time job and earn such high fees for their services.
Lower Offers
You should also know that FSBO property listings in Alaska tend to sell for less than if you had worked with an agent. Agents are specifically trained in understanding how important it is to screen potential buyers and market the home properly. Real estate agents are notorious for having excellent people skills and because they aren’t emotionally involved with the house, negotiations tend to have a better outcome. While your actual advertising efforts are critical in the results, so too is how the home presents during the showing.
Repairs
Repairs are not something you can escape with FSBO property listings in Alaska. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water and far worse off than if you had just employed a real estate agent to help you. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves.
Legalities and Paperwork
Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Homeowners with FSBO property listings in Alaska take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
Holding Costs
You should also know about holding costs and how they can eat away at the profits of FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a home could leave the property lingering on the market. You’ll be left with the mortgage payment and all other expenses to keep the property in marketable condition. With that being said, not even an agent can tell you an exact closing date when listing a property on the market in Alaska.
The most important thing you should know about FSBO property listings in Alaska is that there is another option. Selling directly to Anchorage Home Buyers is 100 percent successful for sellers. When you work with us to sell your home, you still get to save the commissions for yourself! Anchorage Home Buyers pays via cash so that the closing can be in a matter of days.
We will go over all of the details of your property and any extenuating circumstances that may be pushing you to sell. We’ll help you determine how much you would profit with a traditional home sale vs a direct sale to us. At Anchorage Home Buyers, our goal is to help you make the most profit on your most important investment, your home. Feel free to ask us any questions you may have with no obligations. Send us a message or call Anchorage Home Buyers at (907) 331-4472.