FSBOs are often targeted by unscrupulous individuals posing as buyers .  These individuals aim to tie up your property with a purchase contract, only to flip the contract to another buyer for their own profit. Unfortunately, FSBOs are particularly vulnerable to such offers due to the absence of real estate commissions. However, it is crucial to recognize that these people  profit at the expense of your hard-earned equity. Moreover, they employ contracts and documents that lack legal approval, frequently finding ways to wriggle out of the agreement and leaving you empty-handed if they fail to secure a buyer.

Some buyers often possess a knack for prolonging the process, often tying up properties for weeks or even months, with no intention of closing the deal themselves. Consequently, these deals frequently collapse, wasting your valuable time and burdening you with substantial carrying costs and legal expenses.

Fortunately, many of these issues can be circumvented by opting for an auction when selling your property. Auctions offer the advantage of selling “As Is,” eliminating the need for costly and time-consuming pre-sale repairs.

Moreover, auctions have proven to expedite the sales process, ensuring that sellers secure the highest possible price within a remarkably short timeframe, typically 30 days or less. This accelerated approach effectively minimizes carrying costs. In fact, in certain cases, auction sale prices have even surpassed the original asking price set by the seller. Furthermore, auctions serve as a powerful filter, effectively weeding out tire kickers and scammers. There is absolutely no reason for you to relinquish your hard-earned equity when selling your property. Our unwavering focus is to secure the highest possible price for you within the shortest possible time.

Sellers Should Order Their Own Inspection: If a house has significant defects, the smart seller will order her own inspection, and in some cases, solicit estimates of the cost of required fix-ups. This will help in deciding whether the best arrangement is pre-sale fix-up, sale as is, or some combination of the two.

In addition, a seller-ordered inspection will tend to equalize the negotiating power of the two parties. I discovered this the hard way, when the seller used her report to drive down the price. Buyer-ordered inspections are designed, consciously or unconsciously, to provide bargaining ammunition for the buyer by exposing everything that is wrong or might go wrong. I did not have my own inspection, which would have emphasized the trivial nature of most alleged defects, and the small cost of fixing them. That was a costly mistake.