Is FSBO safe
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Is FSBO Safe?
Exploring the Safety of Selling Your Home FSBO
Safety concerns are often highlighted by real estate agents when homeowners consider selling their homes independently, or For Sale By Owner (FSBO). But is selling FSBO truly less safe than going through a traditional agent?
Understanding the Real Estate Agent's Role
Real estate agents often claim that they screen potential buyers before they view your property. However, this "screening" usually involves just collecting a name, address, and contact number?"not checking for criminal records or any deeper background checks.
As an FSBO seller, you can adopt similar practices by verifying contact details when potential buyers inquire about your property, thus ensuring that telephone numbers are genuine and reducing the risk of no-shows.
Safeguarding Your Information
When advertising FSBO online, it's crucial to limit the personal information you share. Revealing details such as your full name, phone numbers, email addresses, and property location can attract unwanted attention from scammers.
Only provide your first name to potential buyers initially and choose platforms that safeguard your email, like those with secure messaging systems. Using a mobile phone enables you to stay reachable without revealing when and if you’re home.
Rethinking Open House Inspections
Open house inspections can be challenging to manage and may not be beneficial. Buyers often find it less productive sharing viewings with others, and it presents opportunities for thieves to assess your security measures unobserved. Instead, organize individual viewings and carefully control the information shared about your security systems.
Practical Safety Tips
When conducting property viewings, follow these common-sense guidelines:
- Secure Valuables: Remove all valuables from the premises, ideally storing them in a safe deposit box.
- Never Be Alone: Have someone accompany you during the viewing. One person can host while the other stays nearby.
- Visible Interiors: Keep blinds and curtains open during viewings to allow clear visibility into the property, which can deter mischievous activities.
Avoiding After-Dark Viewings
Avoid offering unscheduled viewings, especially after dark. Politely propose daytime visits so buyers can fully appreciate your home's features. Always have take-away flyers or information sheets ready to distribute.
Is FSBO Right for You?
While FSBO offers independence, it isn't for everyone. Some may feel uncomfortable showing their home or perceive themselves as vulnerable. In such cases, enlisting a trusted real estate agent could be a more suitable choice.
By following these precautions, you can ensure that selling your home FSBO is a safe and rewarding experience.
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