Las Vegas Real Estate: Is a FSBO Right for You?

FSBO stands for For Sale By Owner, and there are a number of issues to consider in deciding if this is the right route for you to take when selling your Las Vegas home.

(PRWEB) January 20, 2005 -- FSBO stands for For Sale By Owner, and there are a number of issues to consider in deciding if this is the right route for you to take when selling your home. Did you ever imagine that personal safety might be among them? The MS Las Vegas Real Estate team http://www.mslasvegasrealestate.com/ would like you to consider some of the points that we think are important when making this crucial decision.

Let's begin with the safety issue because it's very real and often overlooked. If you simply plant a "For Sale" sign in your front yard and put an ad in the classifieds, you're going to meet some new people in your life. Not only that, but you are going to invite them into your home for a very thorough viewing. Who are these people? How do you know that they are who they say they are? Are you really sure that their interest in your home is to purchase it? Think about it for two seconds in a realistic way. The question then becomes, how is it any different when MS Las Vegas Real Estate brings someone into your home? Actually, it's very different. At MS Las Vegas Real Estate, http://www.mslasvegasrealestate.com you can't even begin to think about looking at personal residential property until you've been properly qualified to do so. The bedrock of this process involves the prospective buyer providing highly detailed and verifiable information about who they are and why they are financially qualified to purchase such a property. This is a crucial screening step that provides a service that extends well beyond financials and conveniences for the properly represented seller. About 30% of FSBO sellers last year knew their buyers personally, which means that 70% didn't.

A corollary issue to consider is the unsurprising statistic that roughly 70% of FSBO escrows that are opened end up being canceled before completion. This is a direct result of financial pre-qualification problems that un-represented sellers face.

Understanding the mountain of paperwork and being able to complete it properly also poses a significant problem. It's important to understand the liability issues involved in making mistakes and especially omissions. The list of disclosure forms alone gets longer and longer every year. At MS Las Vegas Real Estate we are totally committed to the continuing education process. Our team is fully versed and up to date on the latest developments in real estate practices.

Another inconvenience to consider is the simple fact of your own time. A FSBO seller has to be available to show the property themselves whenever a prospective buyer wants a look. This can get more inconvenient than you might think. Life in Las Vegas runs around the clock. People work all different schedules of days and nights. You would be amazed at how many potential buyers might need access to your home for a viewing at a time that just won't work for your schedule.

In conclusion, a FSBO sale works better for some people than others. Take stock of your own situation and think it over carefully. MS Las Vegas Real Estate http://www.mslasvegasrealestate.com would be happy to assist you in making this important decision.

MS Las Vegas Real Estate
Michelle Sterling
Liberty Realty
7674 West Lake Mead
Suite 150
Las Vegas, NV 89128
Office: 888-349-2595
Direct: 702-349-3009
Website: http://www.mslasvegasrealestate.com/
Email: e-mail protected from spam bots

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Please see our previous reports on the Las Vegas Real Estate market:

Las Vegas Real Estate: The California Connection
http://www.emediawire.com/releases/2005/1/emw197963.htm

Las Vegas High Rise Condos: Up, Up and Away
http://www.emediawire.com/releases/2005/1/emw194830.htm

The Market for Las Vegas Real Estate: The Case for Underlying Strength
http://www.emediawire.com/releases/2005/1/emw193837.htm