You’ve found your dream home, but there’s just one catch – it’s for sale by owner (FSBO). You can’t ignore the internet when you’re selling your own home FSBO. Secondly, there is a concept of golden time” that says a property will receive bigger offers within the first week of going on the market and go down after that. Typically home sellers decide to go it alone for one primary reason: They want to save money.
Sellers who don’t know the rules can get stuck with unnecessary and costly repairs. This step is even more crucial for first time home buyers because of the inherent risk involved, but with careful research, you can mitigate that risk. If you plan to be a successful FSBO seller, you need to do this for yourself.
If you have your own attorney represent you at the settlement of your real estate sale, the seller may have to pay attorney fees as part of closing costs. Today, you can get real estate data and find buyers online for free of cost. You can negotiate quite a few of the terms: total commission, length of the listing agreement, marketing exclusivity (i.e. only one agent may sell the property), and whether you are permitted to find your own buyer without paying commission.
Frankly, real estate agents do make a lot of money. While real estate writers often claim that professional agents are better negotiators than civilians,” research does not necessarily support this. Our website allows sellers to market their properties at an affordable cost and provides buyers a tool to research available Baton Rouge homes for sale with ease.
The biggest closing obstacle in most real estate transactions is the buyer’s mortgage. We find the most accurate contact information for each FSBO and deliver it to you 12-24 hours before any other service so you can be the first agent to call them. As we discussed above, if you don’t have the time to take daily phone calls or meetings, then it may be worth it to pay a real estate agent to handle the day to day.