Should I Do For Sale By Owner?
What Is For Sale by Owner, Exactly?
For Sale by Owner or FSBO is when the owner of a house sells it on their own without any representation from a real estate agent.
Is For Sale by Owner Worth It?
Most home sellers decide FSBO isnʼt worth it because itʼs more of a hassle and you walk away with less money.
Bottom line: Selling a house by yourself instead of using an agent usually means missing out on tens of thousands of dollars in profit.
Why Do People Choose For Sale by Owner?
- To Cut Out the Agentʼs Commission
- You Already Have a Buyer Lined Up
- To Speed Up the House Sale
- You Think Itʼs an Easy Job
How to Do FSBO?
Here are some things youʼll need to do on your own if you do FSBO:
-Price your home competitively
-Stage your home for buyers
-Find buyers by posting online and doing open houses
-Pick a legit offer and negotiate price.
-Manage mountains of paperwork and boring legal stuff
Bottom line: If you do FSBO, youʼll be on your own when it comes to some pretty complicated tasks that make up the home-selling process.
Why You Should Use a Real Estate Agent?
-You wonʼt have to take on the full-time job of being an agent on top of your regular day job.
-Your home listing will reach a much larger market. All in all, your home-selling experience is going to be way smoother and youʼll walk away with more money if you use a real estate agent instead of going the FSBO route.
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