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Selling a Home For Sale By Owner Pros and Cons

Selling a Home For Sale By Owner Pros and Cons | Real Estate Articles Worth Reading |
Take a look at all the pros and cons of selling a home for sale by owner. See if selling for sale by owner makes sense or not.
Bill Gassett's insight:

There are many homeowners who try to sell their home without using the services of a real estate agent. In the real estate industry this is known as going FSBO for short or for sale by owner.


The stakes are high of course in selling a home for sale by owner as a real estate commission is a significant amount of money. Having been a Realtor for the past thirty years, I can appreciate the fact it is not chump change.


Selling a home for sale by owner, however is not easy! Many sellers are under the misguided impression that putting their home up for sale and procuring a ready and able buyer is a breeze. Far from it!


In fact the success rate of a for sale by owner home is less than ten percent!


There are many pros and cons to selling a home for sale by owner. In the referenced article you will see a detailed description of some of the major pitfalls sellers face in trying to master selling their home.


One of the biggest obstacles is getting the price right. This is where so many home owners go wrong. So many for sale by owners overprice their home causing it to languish on the market.


Utilizing the proper marketing channels is another short coming. This is one of the major pluses of listing with a well connected Realtor with a large network and a fantastic marketing plan.


There are some instances where selling for sale by owner can really pay off which is discussed as well.


Make sure you think through whether you have any time constraints in getting your home sold. Weigh your options carefully before deciding to go the FSBO route.


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Suggested by Tom Horn-Real Estate Appraiser!

Selling a home through an online FSBO service

Selling a home through an online FSBO service | Real Estate Articles Worth Reading |
Tweet My last post emphasized the importance of not forgetting to get an appraisal when selling your home through an online service. You may be in a money saving mode since your are choosing to go this route but you don’t want to shoot yourself in the foot and sabotage your efforts by not pricing …
Bill Gassett's insight:

See @Tom Horn-Real Estate Appraiser article that provides information to those who are considering going the for sale by owner route (FSBO). One of the most important things in getting real estate sold is to price it properly. Often times what I have experienced in my twenty seven years as a Realtor is that for sale by owners miss the mark on priced. Sometimes in fact by a wide margin.


The solution of course as Tom mentions is to hire an appraiser to get an accurate value. A real estate agent is also someone you could consult with as well. There are many Realtors who will provide this service in hopes of getting the listing if the home owner is not successful.


While price is extremely important in selling real estate so is the marketing. This is another area where home sellers going for sale by owner will typically fall short.


The statistics nationally are telling for those trying to sell without a real estate agent. Over 80 percent of the time they fail and end up listing with an agent. If you have the time and really need the additional savings of not paying a Realtor FSBO may be your only option. Look at Tomes article for further guidance.

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