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Why For Sale by Owner? Nowadays more and more home buyers are choosing to sell their homes themselves, without the benefit of a real estate broker. Some estimate that over 25% of all homes sold this year will be For Sale By Owner homes, and with the advent of the information resource of the Internet, the number is certainly growing! Why do these sellers choose to take on the challenges of selling their home without the assistance of the professional agent? Here are some of the most popular reasons: Save Money! In most areas, the real estate sales commission is between 6 and 7 percent. For a typical $150,000 dollar home, that's over Ten Thousand Dollars that could be in your pocket instead of the Realtors. Does the Realtor perform a valuable service to earn that hefty fee? Absolutely! Can the savvy buyer easily do this work themselves, with the appropriate professional help where needed and save a lot of money? Thousands of home sellers every day are saying yes! You're In Charge! If you sell your own home, you are in charge of all of the decisions. What to charge, how to advertise, how and when to show the house are all decisions that you will make. If you believe that you know best how to market your own home, this is the choice for you! Have you ever heard anyone complain that their house sat on the market for months and nothing happened? When you are in charge, that won't happen. Open houses, newspaper ads, passing out flyers, putting your house on the Internet all happen when you wish. Sell
your home more quickly! In a good market, it is possible to run
the ad today and begin fielding calls from eager buyers tomorrow,
no more waiting for the marketing to get cranked up. In a depressed
market, selling your home may take much longer. Those extra commission
dollars can be used to sell your home for a lower price than would
have been possible with a broker. If your house is cheaper than
comparable properties in your area, a quicker sale may result.
Remember, no one else has more motivation to see your house sold
than you do! There are also challenges to selling FSBO. Selling
your home yourself is not simple, but then again, neither is selling
your home through a real estate agent! |