When it comes to selling real estate, the words, “For Sale By Owner” can raise a whole host of questions:
- How do FSBO listings fare on the Arizona real estate market?
- How long will it take to find a buyer?
- Do I need to make any improvements to the property?
- Where would I post my “For Sale By Owner” listing?
- What do I need to do to make my listing stand out?
- Would it be better to work with a traditional agent?
- The list goes on
Certain pros and cons come with any method of selling real estate. Sure, real estate professionals spend a great deal of time networking and building connections in the industry to assist with the many steps required to complete the sales process. However, if you work with an agent, you may be required to pay various fees and commissions, ultimately losing out on some of the potential profit. So maybe FSBO is your better option.
As technology progresses, it’s providing more of an opportunity for property sellers to close the deal on their own. In this post, we share the in’s and out’s of “For Sale By Owner” in Arizona in terms of costs, time, and results.
Costs
We’ll just jump right in. You can absolutely expect some out-of-pocket expenses when you go “For Sale By Owner” in Arizona. Today’s buyers are tech-savvy and have high expectations when scrolling online looking for properties. The industry standard of the day requires professional photography to compete with other listings. Also, as the seller, you will also pay agents commissions for the buyers as part of the listing costs. In addition, you may also owe brokers fees, and you’ll pay for any professional inspection and appraisal, as well as closing costs. But, one of the biggest perks of working with Investment Land Alliance to sell your land is that you won’t pay any commissions, any broker fees, any closing costs, or any marketing expenses. We will outline the sales process and give you a fair cash offer.
Time
When you list real estate on the market, no matter if you do so independently or with an agent, there is no guarantee of when your land will sell. If your property ends up sitting on the market for a long time, you’ll still be on the hook for any annual taxes as well as any HOA or POA fees. Or if you’d prefer a guaranteed closing date in a few weeks, a direct sale to a professional land buyer like those at Investment Land Alliance is your solution. Talk to your direct buyer at Investment Land Alliance about the date that works best for you; we’re flexible.
Results
For Sale By Owner listings tend to bring in about 26% less on average than other listings. Furthermore, in 2021, only 7 percent of sellers using FSBO listings succeeded in finding a qualified buyer. When you add up the costs, time, and results, it’s a lot of work with little reward. However, you can leave your wallet in your pocket and relax by selling directly to a professional land buyer like those at Investment Land Alliance.