Michael Samuels provides legal services to FSBO and other real estate clients in Cincinnati and throughout Ohio.

Pros and cons of selling your house without a realtor

On Behalf of | Dec 18, 2023 | FSBO

If you’re considering selling your own home, it’s a good idea to thoroughly research the process first to be sure that you are up for the process. Once you research the real estate market in your area, you will be better able to plan how you want to proceed.

Below are some of the pros and cons of selling your own home

It’s always good to save money on a real estate commission. This approach is often ideal when the sellers and buyers are well acquainted with one another, as in the case of relatives buying property from their family members.

You’re in the driver’s seat

With for-sale-by-owner (FSBO) marketing, you control all aspects of the home sales process. You’re the realtor, marketer, property stager and photographer all rolled into one. As long as you have the skill sets to pull it off, this can be the best way to go.

But what happens if you fall short? Mistakes can prove costly, so let’s review some of the negatives associated with selling your home yourself.

It could take longer

If you are lucky enough to have no pressing deadlines for your home sale, this might not even be a major concern for you. For those who need to unload their property quickly, it could be more problematic.

Don’t leave money on the table

Make sure that you do your research and have comps that reflect similar home sale prices in your neighborhood. Also, your house might have better amenities or features, like a swimming pool or corner lot, that could significantly boost its sales price.

Cover your legal bases

To avoid future legal problems, make sure that you have no title issues or other dilemmas that could come back to haunt you later.