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Selling Your Etobicoke Home? Why Settle For Less?

Posted by Milana Cizmar on September 27, 2012

Statistics have shown the average selling price of a FSBO home in etobicoke is significantly lower than the average selling price of a home sold in etobicoke with the help of a professional real estate representative. Why do so many FSBO sellers make less money on their home sale than they would if they’d worked with a real estate representative?

FSBO sellers tend to factor in sentimental value when establishing their asking price and because they don’t have access to the information needed to assess their home’s market value (like comparable sales statistics), many FSBO sellers overprice their properties, which is the top reason why many FSBO’s fail to sell.

In addition, FSBO sellers often don’t have enough time or money to devote to marketing their property, nor do they necessarily have access to the Multiple Listing Service® (MLS)®. This means a lack of exposure to buyers, as well as to real estate professionals who use the MLS to find homes for the clients they represent.

A home that’s overpriced and underexposed isn’t going to generate much interest and as such, won’t attract as many offers. As a result, the property lingers on the market and as the FSBO seller becomes increasingly desperate to sell, their asking price gets slashed even lower.

If you want to sell your etobicoke home quickly, for more money and with far less work call your local real estate representative, like me to get you SOLD!

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