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Selling "For Sale By Owner"

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Selling your home by owner is a terrific way to save thousands of dollars in commissions and to insure you are in charge of the transaction and negotiation.  Here are some links to help you:

 

 - click here to - List Your Home For Sale By Owner

 

 

More Advantages of Selling "For Sale By Owner"

Less stress - One of the major advantages of selling a home for sale by owner is that you can set your schedule. You know when potential buyers will be coming to check out the place, and can allot time to prepare accordingly. There is no need to leave your own home every time an agent wants to show it. You no longer have to make sure the house looks in "show condition" at all times. Even better, when a prospective buyer makes an offer, there is no back-and-forth between agents. An agreement can usually be reached quickly and easily between the fsbo seller and the buyer.

You’re the ideal agent - Who knows your home better then you? When showcasing your house to a prospective buyer, you know what the highlights are, whether it’s the perfectly finished basement or the beautiful landscaping in the backyard. You also know what needs to be downplayed much more than an agent who is not so familiar with the place. Remember, a well maintained, fairly priced home will virtually sell itself. It’s your job to provide the additional information.

You're in charge - Selling FSBO means there is no agent telling you what to do. You’re in control of all major decisions, including where and how to advertise, scheduling showings at your convenience, and even taking your home off the market for a time if necessary. Most importantly, you can deal with potential buyers yourself. There is none of the frustration that can result when a seller feels that the agent is "not doing enough." And you aren’t obligated to a three, six, or 12-month contract—you make the rules!

Why pay commission? - There’s no way around it: whenever you work with an agent they get a cut of your profits. Calculate 5-6% of what you think your property is worth. Now, is it worth paying this much to have someone else show your property? If the answer is NO, then selling for sale by owner is the way to go.

Save time - If you decide to list your home with a real estate agent, chances are you will inflate your asking price to cover the cost of the commission. Within a few months, you’ll realize that no one is going to pay that much for your home. At this point, you’ll either have to reduce your asking price or accept an offer equal to the original amount you would have asked if selling it fsbo—and you would still have to pay the agent’s commission! Do it right from the beginning, and avoid taking the loss.

 

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