FSBO
also known as For Sale By Owner has definite advantages in certain situations. What
made it popular to home owners is the cost they save on realtors’ or brokers’ fees.
At most, home owners save up to 6% of the asking price when they opt for FSBO.
At times, this amount can be tempting enough to forego the realtor’s services.
But before you make a decision, let’s take a look at the advantages and
disadvantages of going the FSBO route.
Marketing
Realtors
have marketing leverage. They can list your home in MLS plus they have contact with
other agents through their network which gives you the advantage because you
are sure to reach wider prospects. On the other hand, since realtors handle
multiple clients at once, you cannot expect them to devote their time on your
property alone. It is true that realtors can list your home in MLS but it will only
become as one of their many listings.
Property Showing
When
you hire a realtor, he will take care of showing your property to prospective
buyers. He will help you prepare or stage your house before the showings. He
will answer questions from buyers, set up open houses and handle financing and
closing issues. With FSBO, you will be doing all these work by yourself.
Money
With
FSBO, you can save up to 6% of the asking price. Let’s examine this further by
taking a look at these situations:
- You will be paying your own advertising – online listing, local papers, making of signage, flyers, posters, and print ads.
- You will be paying for an attorney who will be handling the legal issues and drawing up of contracts.
- If you don’t know how, you will be paying for a consultant who will do the comparative analysis of your home.
Do
you think you can still make the most money after examining these costs? Do not
forget that when you choose FSBO, you will also invest time and effort in the
selling process.
Are
you still decided to go with FSBO? You can skip the marketing and property
showing and still save on the realtor’s fee by selling your house to private cash investors.
Sell
your house for cash to Lucas Properties LLC. Unlike realtors, they do not ask
for commission. They take away the strain by taking care of the closing
documents making every transaction hassle free.
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