September 30, 2023

Cayman Islands: Why Use An Agent vs For Sale By Owner?

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By Paul Watler

There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO.
The buyer who wants the best deal possible
The buyer’s agent who solely represents the best interest of the buyer
The buyer’s attorney
The home inspection companies which work for the buyer and will almost always find some problems with the house
The appraiser if there is a question of value
Your bank

Exposure to Prospective Purchasers

Recent studies have shown that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. I have an internet strategy to promote the sale of your home including social media, newlsetters to over 5,000 people plus the Multi Listing System of CIREBA where most people start. FSBO is not able to list on the MLS system.

Results Come from the Internet

Where do buyers find the home they actually purchased?
43% on the internet
9% from a yard sign
1% from newspapers
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial. Also – what looks better, a hand written sign or a professional sign that will attract passing traffic?

FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years. Let me do all the paperwork for you so you can sit back and reap the rewards with little effort required.

You Net More Money when Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the commission. The seller and buyer can’t both save the commission. The FSBO buyer is looking for a bargain, do you want your house to sell cheap or sell for what it is worth?

Email at link belowTo find out how i can sell your home faster than FSBO

Paul Watler [email protected]

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