Can I Sell My House on Craigslist?
Craigslist is one of the original classified ad sites on the internet. It was started by a guy named Craig in 1995 with an email, sharing interesting things to do in San Francisco. It is now a full-service listing site in over 70 countries and gets over 50 billion page views a month! This can make it a great place for anyone looking to buy or sell nearly anything. So, with that said, can you really sell your house on Craigslist? The short answer is Yes…But should you?
Pros of Selling Your House on Craigslist
First and foremost, listing your house on Craigslist is virtually free. Aside from the $5 fee that they charge for listing real estate, it costs you nothing. This is a great deal for anyone who is tight on cash and looking avoid the typical 6% commission fees paid out to a real estate agent.
According to SimilarWeb, Craigslist is the 21st most trafficked site in America, making it an excellent place to get more eyes on the property you are looking to sell. Although this may not be the traditional way to sell a house, with so many people browsing Craigslist daily, your listing is guaranteed to be seen
Cons of Selling Your House on Craigslist
Those listing their house on Craigslist are generally doing so because they do not want to hire a realtor. When selling a house for sale by owner (FSBO), you are taking on all of the responsibilities that a realtor typically assumes. This includes marketing (taking photos, staging the house, etc.) and talking to everyone who expresses interest in your house, which can be very time-consuming.
There are many “lookie-lous” who are not really interested in buying the house. The problem is, it’s impossible to distinguish between truly interested buyers and the rest without speaking to all of them. And even if you find interested buyers, they may not be qualified for a loan or have the financial means to purchase your house. If your time is valuable, this may not be the best route for you.
Another potential problem with Craigslist is scammers. Because Craigslist is a classified ad site where anyone in the world can post anonymously, this is a hotbed for crooks. If you decide to list your house on Craigslist, be cautious and careful when setting up appointments with potential buyers. Never show the house alone, and always ask for the name and telephone number of the person who you will be meeting, and verify the information.
If you are looking to sell your house to qualified buyers without using an agent, and don’t want the hassle and risk of selling it for sale by owner on Craigslist, Burnett Home Buyers can help! We purchase houses as-is for cash, and can close in 7 days. Give us a call now!