Looking to sell your home on your own? Think again. Selling on your own can become a huge burden for you, your buyer, the buyer’s agent, or the buyer without an agent if you do it. You have so many loop holes you must encounter and so many questions. That’s what hiring me as your agent will come into play. Protect yourself based on this one important question.
Are you Liable? Yes, and here’s an example:
All liability is on the seller. You are selling the home and everything must be accurate. Though mistakes can happen by anybody, A seller (or buyer) who doesn’t have the representation of a licensed real estate agent will pay for those mistakes. Anyone besides a REALTOR® can close a real estate transaction, but they do not carry Errors and Omission’s (E&O) insurance.
Here’s an example:
So if Minnie list her Nashville, Tennessee home as a For Sale By Owner (FSBO), indicated the floors are “porcelain wood plank” style floors and it only had laminate style, a huge price tag significance, chances are Minnie is going to pay for that mistake.
We are in a litigious society and you want to be a FSBO target? Taking that chance is the worst idea possible. It’s always important to hire me as your real estate professional who is qualified, experienced, and REALTOR® Certified Risk Management Specialist (rCRMS) to do the job for you to prevent anything that could be catastrophic to your pocket book.
Jim Plummer, ABR®, GRI, rCRMS