For sale by owner is getting to be mainstream these days. In the current economy, many people have the extra time to not only learn about how to list FSBO, but to actually do the work and sell your own house. The issue arises when they turn to the many sites on the internet with conflicting information. The Washington Post seems to have a great post series which at a very high level follows the program I developed.
Selling your home without a real estate agent is not for everyone. But for those who have the time, skills and emotional strength, doing so can save tens of thousands of dollars in brokerage commissions.
They are exactly right – it isn’t for everyone. But I would argue it is for most people. What I tell my clients over and over again is – this is work which will need to be done anyway. Market analysis, home repairs, and advertising are all required to get your house ready to sell. If you don’t do it now, the realtor will tell you to do it later and you will need to pay them a hefty commission to do so. I’ve covered in some past posts that the housing market is showing strong signs or recovery and FSBO is a great way to capture even more money back in your pocket after the sale.
So I ask, is there any harm in trying a for sale by owner listing and if things don’t work out, or you don’t have the time to call a realtor? I say that is a zero risk proposition, the worst that can happen is you’re prepared for the sale and your home is locked and loaded for whatever comes your way!
Image credit: Casey Serin