3 Things About Houses For Sale By Owner

homes for sale by ownerAre you thinking of selling your house? Use online tools to market and list your home, research the basics of staging a home , and make sure you’re following all of the necessary legal steps Don’t be surprised if it’s overwhelming—there is a reason, after all, that real estate agents get paid as much as they do.

My experience gives me an unfair advantage… So, here’s my thoughts… The creator of Colby Sambrotto failed to sell his own condo after six months, then he decided to hire a broker and pay 6{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} commission… The broker not only sold the house, but the broker sold the house for $150,000 more than the original FSBO price.

As a contract between the owner of the property in the state of Michigan and the buyer or purchaser of the aforementioned property, a land contract in Michigan allows the transaction to take place for a pre-determined and specified monetary amount, in exchange for the rights to the land or home.

I know when I bought a home, there were dozens of questions I had to ask my realtor about home warranties, inspections, and terms my seller wanted me to agree to. Had I been on my own these unneccesary costs would have come out to about what I paid the realtor.

Not obvious in those figures is the fact that almost half (40 percent) of the FSBO transactions took place between people who already knew each other and in many cases were related, according to figures published by the National Association of Realtors.