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| FSBO is an option for selling your home, but is it a good one? |
Bill and I often get asked how our real estate services compare to FSBO. Here are the reasons to work with reputable licenced realtors (like us!) when selling your home, condo or property.
Errors and Omissions Insurance
Errors and omissions (E&O) is the insurance we use to cover you in the event the buyer holds you responsible for an error or an alleged misrepresentation in the offer, contract or any other stage of the purchase transaction.
Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. The cost of this insurance is included in our marketing fees.
We also contract a professional measurement service to create an accurate, detailed floor plan of your home. Misrepresentation of square footage (even if unintentional) is a significant liability.
Legal Advice and Expertise
As licensed realtors, we are required to know all aspects and legal requirements of real estate transactions. We combine this ongoing training with the experience of representing clients through 1,000s of negotiations on both sides of the buying and selling table.
And if that isn’t enough, we have round-the-clock access to legal experts and colleagues through our brokerage at Sutton Group. When it comes to real estate, there is no legal knot we can’t untie.
Marketing
Our marketing fees include professional photography, listing syndication on dozens of websites and digital tools including MLS, print ads, brochures, virtual tours, listing distribution to 17,000 other realtors in the Lower Mainland, open houses and real-time, ongoing price evaluations to ensure your home is competitively (but fairly) valued through market fluctuations.
Buyer Qualification
Sellers who use for-sale-by-owner services often complain that their home becomes a destination for unqualified “browsers” who tend to make low-ball offers thinking they can benefit from financial or personal crisis.
We make every effort to qualify buyers by asking a few subtle questions and by interviewing buyers’ agents. This means when offers come in (and they will!), they’re more realistic.
Selling your home can be disruptive to your routine, even when working with a realtor. But when you sell your home yourself, you’ll have to be available for all showings (even for “browsers”!)—something to consider if you plan on taking a vacation or leaving town while your home is for sale.
We take care of showings and open houses, so you can keep living your life, even when you’re out of town.
Questions?
For more information about listing your home with Gene Watt and Bill Watt, visit www.genewatt.com.
