The process of purchasing a home via FSBO can be somewhat different than most home buyers are used to. The actual act of buying a FSBO can be much more involved than most people think. However there are some complications that can arise with this approach, and the FSBO home seller needs to work these out in advance of signing any agreements with buyer agents. To make paying thousands in commission worthwhile, your realtor needs skills. It is very common for home sellers to throw in freebies as incentives, like paying a portion of closing costs, paying for an appraisal, or paying for a home inspection.
Your agent should accompany you to closing, which is usually organized by a settlement agent or title company and may also involve a real estate attorney, depending on the laws and customs in your jurisdiction. For the same reasons, they can’t get the right selling price.
Plus real estate commissions. We here at House Heroes LLC are fast cash buyers in the Florida area. Full-time agents participate in dozens of sales per year; those associated with larger brokerages see dozens or hundreds more. Ideally, you have lots of free time to market the home extensively, show at any time of the day and well into the evening, and be available to talk to buyers any time they might call.
A real estate agent – if he or she is worth hiring – is going to have other clients besides you. Good places to list your FSBO home are Craigslist, Zillow, Trulia and Be aware the buyers often low-ball a FSBO offer, knowing the seller is avoiding paying a real estate agent.
However, competitive bidding will drive the price up. Sellers look to the Auction method when they are highly motivated to sell, wish to sell quickly because of circumstances or wish to liquidate to re-enter the market as buyers. In-home consultation with a Xome Agent, who will provide guidance, answer general questions and get you on your way to selling your home.