There are of course other issues as well. Can you afford to make selling your home your full-time job?
FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a real estate agent. The main advantage of this is that you can save the commission you would otherwise have to pay a real estate agent, which is normally around 6% of the selling price of your home.
6% may not sound like a lot of money until you do the math. For example, if your home sells for $250,000, the commission would be $15,000. That is a significant amount of money. So what's the catch? Selling FSBO is hard. A lot harder.
Only about 10% of FSBO sales are done this way because it takes a great deal of expertise in marketing, advertising, and legal know-how to successfully sell a home this way. Even if you have what it takes to handle the marketing, advertising, and paperwork, you also have to be able to handle all the phone calls, do the showings, and try to negotiate the best price and terms for your home.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of people who try to do this, that is what it becomes. Do you have the time to deal with everything selling a home entails? Or would you rather have a professional handle all that for you?
What many people who try to sell their home by owner end up learning is that the commission they save is money well spent. Hiring a real estate professional to handle all the aspects of selling a home will actually help you achieve the highest possible price for your home and save you a great deal of time and stress.
I would be happy to help you with the sale of your home and save you time, money, and stress. Contact Me for a Free Consultation.