February 17, 2020 at 11:41am | Blair Schwisow
We Realtors® aren’t shy about laying out the case for why home sellers and buyers overwhelmingly
choose to conduct their home sales through Boise real estate agents. By themselves, the positive reasons
are persuasive enough: our services that are proven, reliable, and sanctioned by Idaho’s licensing
officials. Since just about everybody has friends or relatives who have completed their own house sale
through a licensed Boise real estate agent, that powerful positive word of mouth completes the picture.

But there is also a mountain of evidence why the alternative—the ‘For Sale by Owner’ route—is so
rarely chosen. It doesn’t take a lot of compelling histories of FSBO failure attempts to dissuade would-be
do-it-yourselfers. Homeowners who delve into all that a home sale entails soon read about some of the
real-world reasons why so many ultimately turn to professionals:
  • FSBOs attract scams. Without a real estate professional’s security apparatus and experience to intercede, FSBO sellers become tempting targets for fraudulent appraisal and loan documentation schemes, fake 3rd-party purchases, and a range of sophisticated gambits. With only their own resources to prevent misrepresentation, FSBO sellers’ personal information can be easy prey for phishing scam artists.
  • Failure to price correctly. That’s vital because missing the mark can mean failure to make the most of “golden time”—the first days a home is listed for sale. The longer a home lingers on the market, the lower its perceived value.
  • Lack of exposure. Spreading the word is fundamental to any sale. With a full coterie of advertising and public relations channels in daily use, Boise real estate agents automatically bring marketing clout that’s all but impossible to match.
  • Failure to close. The technical requirements that bring a sale to the closing table take experience and skill to observe and finalize. They range from skillfully conducting original negotiations, structuring the timelines and contingencies of the sales contract, dealing with inspections and objections—to the entire range of closing documentation details.
Then there’s the likelihood that throughout the entire process, any buyers are likely to have an
experienced Boise real estate agent by their side protecting their interests! It’s little wonder why 8 out of
9 FSBO attempts fail—and why so many FSBO sellers sooner or later wind up recruiting their own
licensed agent. If you are thinking of putting your own Boise home on the market, I hope you cut to the
chase by giving me a call!

Share

check_circle

You message has been sent!

Send us a Message


View our Privacy Policy