If you’re looking to sell a home in the St. Petersburg, Florida area, there are various methods to sell your property. The most common methods of home selling in the United States are to sell via an agent, selling for cash, and selling by owner. Listing your home as For Sale By Owner (FSBO) can seem like a ton of work, but with adequate research on FSBO regulations in your area, it can be a great option to sell your home. In this article, we will discuss the process of selling your home by owner in St. Petersburg, Florida.
Sellers are often drawn to the FSBO option to avoid paying a percentage of their home sale to an agent, but agents are trusted experts in the real estate field for a reason. Agents have years of experience in your area as well as marketing contacts to sell your home for the best price. Because of this, FSBO sales usually result in lower profits, about 5.5% lower nationally. In order to avoid selling for less, you’ll need to find the best platforms to advertise your home. Doing diligent research into real estate marketing will give you the tools to sell your home for the best price. It’s also a great idea to make any necessary repairs to your home before selling, hire a great photographer, and update your curb appeal. A fresh coat of paint and good photos can go a long way when selling your home, and in a market like St. Petersburg, Florida, putting in some tropical plants can make your home more appealing to buyers looking for their Floridian paradise.
A great way to avoid the potential difficulties of selling by owner is to sell your home to a house-buying company for cash. There are tons of home-buying companies to choose from out there, but some can be sketchy, so do your research on the best companies in the area that have a proven track record, and always ask for proof of funds before selling. HomeLight’s simple sale tool for your St. Petersburg home is a perfect solution for selling your home in cash. Using the easy online tool, you can get a cash offer on your home in 48 hours. You quickly fill in information about your house, then a home consultant will chat with you, and HomeLight will market the home to its network of cash buyers. It’s no secret that selling your home to a home-buying company won’t give you as high of a profit as selling by more traditional means, but the benefit is you will get your money extremely quickly, freeing you up to move to your next place.
FSBO laws vary from state to state. In St. Petersburg, FL, on top of making necessary repairs, updating curb appeal, and getting great photos, you’ll need to do adequate research on the FSBO laws in your area. Doing meticulous research will make the process much easier on you. Make a plan to sell your home before you start the process so you won’t be surprised along the way. HomeLight’s article How to Sell a House by Owner in Florida can walk you through more of the FSBO process in St. Petersburg.
St. Petersburg, Florida is a highly desirable market. Even with much of the nation’s real estate in a cooling period, St. Petersburg ended 2022 with the average housing price up 5% over 2021. This means with great research, good marketing, and an excellent selling strategy, you should be able to sell by owner without much stress!