Pros and Cons of FSBO in Las Vegas
You’ll always have a great chance to sell your home by yourself in Las Vegas. Las Vegas has seen an influx of residents, hailing primarily from Los Angeles, Seattle, San Francisco, and New York. The more that the city grows, the more opportunities there are to sell a home. Despite the ease of going through a Las Vegas-based real estate agent, there is a population of people who choose instead to sell their homes themselves, known as For Sale By Owner or FSBO.
This can be a scary undertaking for some, but for others, it works perfectly. Selling your home by yourself in Las Vegas doesn’t have to be scary, especially if you know what you’re doing, but it is always a good idea to consult a local real estate agent, even if you’re ready to hit the ground running for the sale of your home. If you do choose to go the FSBO route, there are some challenging things ahead of you, as well as some great things for those who have a little patience, and a lot of gusto.
Hospitality and Tourism, to no one’s surprise, is the biggest industry, and the biggest employer, in the city of Las Vegas, with the smaller surrounding cities of Henderson, and nearby Reno also profited handsomely from vacationers. After hospitality and tourism, management, be it in logistics, or in another field, is the biggest employer. The city has also experienced a boom in the medical field, with doctors and nurses flocking to the desert oasis for a change, and for a bigger bang for their buck. With all of these new residents, of course, the Las Vegas police force has also expanded. While crime in the city is greatly reduced than it had been in the 1980s and 1990s, the peak of the crack cocaine crisis, but with an expanding police force, more attorneys are needed. It’s not just criminals and suspects, though – the ever-booming hospitality industry necessitates the presence of a large number of qualified legal advisors for business dealings and new real estate transactions. Jobs for those in the legal field are plentiful, as are office assistants and secretaries: who will be there to manage the offices that are central to all of this company growth?
Architecture and small business owners are loving Las Vegas, too, as are graphic designers. Whatever your industry, you could find the job of your dreams in Las Vegas, and have every opportunity to celebrate your good fortune and hard work with a great night out.
Pros of For Sale by Owner in Las Vegas
Deciding to sell your home is a big decision. Whether you’re doing it as a FSBO, or charging responsibility to a local and experienced real estate agent, you’re in for some long days, and lots and lots of paperwork. Selling your home on your own means plenty of good things for the seller, though: you’re able to set your own price for your home, which is important to most people who are looking to sell their home in Las Vegas. The Las Vegas housing and real estate market is competitive, despite the rather large availability of land and new homes. And with all of the competition, you’re very likely to find a slew of eager buyers, which can take out one of the biggest challenges facing home sellers: finding the interested parties. As stated before, new homes are going up left and right in the city, and the city of Las Vegas has a substantially lower cost of living, making homes that would be much more expensive in other cities more accessible to home buyers. Las Vegas offers great options for new homes, but just as many for previously-occupied properties with charm and beauty.
Selling your home by yourself means that you get to schedule open houses for a date and time that works best for your schedule, and you will have the opportunity to see who could be bidding on your home. If there is someone that you meet that you don’t feel that you can trust, you’ll have the right to ban them from entering your home again. Without having to consider outside input, you can make the upgrades to your home that you think will bring out your home’s best features. You have absolute freedom to choose your landscaping company, but connecting you to the best contractors in Las Vegas is something with which a local real estate agent can always assist.
Doing a FSBO in Las Vegas means having your choice of appraisers, who can give you a more realistic price for your home. Also, who knows your home better than you? Having the perspective of the seller can help some potential buyers feel more at home with you, which could manifest in a sale. Selling your home quickly is also a benefit of selling your home by yourself. If you’re open to property investors, you could close within a few weeks, and back on track with things that matter more. If making as much is possible is the goal, as it is for most homebuyers, choosing to work with a real estate agent is the best decision for your situation.
Cons of For Sale by Owner in Las Vegas
While the notion of FSBO is appetizing to adventurous people, others may not be so sure. If you’re selling your foreclosed home, you will have legal entanglements that could prevent a quick and easy sale. Selling a home in foreclosure makes an already time-consuming process much longer, and can be nearly impossible to navigate without the help of a real estate agent. A real estate agent will have a network of places and people with whom to network your home for sale. Real estate professionals can also take the responsibility of open houses and following-up with different potential buyers, so that you are free to go to work, play baseball, or whatever you’ve got going on. Real estate agents can help prevent the home-selling process from interrupting your life, and give you a break from having to worry about figuring out what in your home needs to be updated, or reworked.