Hope Leitner, Realtor®, CRS

  If you're thinking about  selling your house  on your own, called “For Sale by Owner” or FSBO, there are some important things to consider. Going this route means taking on a lot of responsibilities by yourself – and that can be a bit of a headache. A recent  report  from the  National Association of Realtors  (NAR) found two of the most difficult tasks for people who sell their house on their own are  getting the price right  and  understanding and performing paperwork . Here are just a few of the ways an agent helps with those difficult tasks. Getting the Price Right Setting the right price for your house is important when you're trying to  sell  it. If you're selling your house on your own, two common issues can happen. For starters, you might ask for too much money (overpricing). Alternatively, you might not ask for enough (underpricing). Either can make it hard to sell your house.  According  to  NerdWallet : “When selling a home, first impressions matter.  Your hous

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  Sellers: Don’t Let These Two Things Hold You Back August 1, 2023 For Buyers For Sellers Buying Myths Selling Myths Many homeowners thinking about  selling  have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Rate According to the  Federal Housing Finance Agency  (FHFA), the  average interest rate  for current homeowners with mortgages is less than 4% ( see graph below ): But today, the typical 30-year fixed  mortgage rate  offered to buyers is closer to  7% . As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect. The Advice: Waiting May Not Pay Off While experts project  mortgage rat