Remember, don’t be afraid!
Like any good drama-filled industry, Real Estate is chock full of scary stories. The only thing that’s missing is s’mores and a flashlight under their chin as brokers regale us with stories of sellers who went the FSBO route and “nearly lost everything.” The irony of that point of view is that it completely ignores all the other stories of sellers who DID use an agent and yet “nearly lost everything.” The assumption by agents, as well as their clients, is that having an agent provides the ultimate protection, which it most certainly does not.
If the boogeyman is keeping you up at night, and you need to pass the time in the wee hours of the morning, check out this site: http://www.jdsupra.com/legalnews/emerging-trends-in-lawsuits-against-rea-16392/
This site will show you the most common lawsuits against real estate agents.
Now THAT is scary.
Real estate agents wreak all kinds of havoc in the market, but those stories aren’t told to FSBOs. The truth is, both of these options carry a potential risk, and both options require a savvy consumer to do plenty of research and keep their eyes and ears open. At Rocket, we think a “middle of the road” approach is the best way to keep money in your pocket and protect yourself through the use of an agent. We’ve created all kinds of materials for FSBOs and have a program where we come alongside you once you’ve found your buyer. We’ll help you with contracts, legal requirements, inspections, appraisals, lenders, and the title/closing process. Just because you don’t know all the technicalities of the real estate industry, that doesn’t mean you need to pay thousands of dollars to sell your home.
So if you can’t tell, I’ve played a bit on the Halloween holiday for our theme in this blog post. To make up for the shameless use of seasonal inspiration, I’m going to share a picture of my daughters in their Halloween costumes when they were little. It’s sure to put a smile on your face. Speaking of smiles, make sure you have one on your face when you get to the closing table and be sure to do your homework. Don’t be afraid to ask Realtors tough questions and get the information you need. The biggest fear you should have is not “losing everything,” but getting into a listing contract without knowing anything.
Good luck out there!