So you have decided to sell your home the For Sale By Owner (FSBO) way. First of all, they gather, compile and distribute very accurate data related to real estate that can prove very helpful when creating a For Sale by Owner marketing plan. You still have time to market and sell the property correctly. Listing and marketing your home is straightforward enough to handle on your own, but you’ll need professional help to close the sale.
The difficulty of selling homes what makes FSBO not ideal at this time. Even though we were selling it on our own, we had an experienced real estate agent answered our questions and helped out with the paperwork. The same study found that 46 percent of buyers were offered either a rebate or refund by their agents, averaging about $3,700.
Remember, the goal of your open house is to give the market a positive first impression of your home, and you’re competing against professional agents who do this for a living. Chances are, these sellers are being nickeled and dimed into a pretty big chunk of change.
But without a commission on the table, no agent is going to bring clients to see your house. I can understand not wanting to do for sale by owner and it’s still more common to go through an agent, but some of the assertions you’re making are sweeping generalizations.
Depending on your state’s laws and customs, your escrow agent may be a title company representative or a real estate attorney. But just as we had issues with our real estate agent as buyers, you could have issues with an agent when you sell your house. We examined recent sales data for 12 for sale by owner websites to see how many properties sold in the last 12 months (December 2014 to November 2015), and in the 12 months before that (December 2013 to November 2014).