FSBO (For Sale By Owner) - Selling Your Home Alone is a mixed bag. On the positive side, you can save
tens of thousands of dollars in Realtor fees, depending on the value of your real estate.
On the other, you can end up being stuck
with your home and unable to sell it all or losing money because you don’t
know how to command market value.
It takes skill, knowledge, and sometimes plain old-fashioned luck to sell real estate; some are better at it than others. So, educating yourself about the “dos” and “don't” will directly impact your success in selling your house!
Yes, it is and may be easier to do than you think. But it is not for the uninformed seller who believes all they have to do is establish a price and stick a for sale sign in the yard. It would help to educate yourself before venturing down the FSBO path, or it could be disastrous.
Establishing the value of your home can take a lot of work. Because you have an emotional attachment to it and a natural bias, you may tend to overestimate its market value. It doesn’t mean you can’t do it, but it may be challenging to consider it an at-arms-length transaction based on what the market will bear and not what you think it’s worth. Return to Top
You can do several things to ensure you price your home right.
Want More Help? You might find what you're looking for at an “FSBO” website that specializes in helping homeowners sell their homes for sale by owner. Some even offer prebuilt websites to compete with Realtor listing sites.
These sites are popping up almost daily and are growing in popularity, mainly in response to the rising housing costs and the associated Realtor fees and commissions incurred when selling a home. It’s the new wave of home selling without the benefit of a realtor, but as noted, there are risks associated with selling FSBO, and often unexpected costs, too!
Despite that, people wanting to sell their homes FSBO are no longer limited to sticking a homemade sign in their front yard and running an ad in their local newspaper. For a fee, they can get as many internet-based services to sell FSBO that they need.
Still, be wary and aware of the risk of taking advice from any internet website; not all are ethical and honest. My rule is never to buy anything over the Internet if I can’t reach somebody to discuss the product before buying it.
If you have difficulty reaching an online business to talk to a rep before ordering their product or services, imagine the frustration you’ll suffer when you try to get them for support after buying it. Return to Top
Here is a typical outline of services many websites
promote online, but sellers beware.
These are just a few services and options available to an FSBO. And when done done right, it's possible to sell your home and save thousands in realtor fees! Return to Top
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