This is a continuation of a series of posts inspired by a conversation with an acquaintance who revealed a good deal of ignorance about the real estate profession. Because I think an educated market benefits everyone, I intend to debunk as many myths as possible. I hope you find this information useful. Please feel free to comment!Myth #10: Never sell your home yourself (For Sale by Owner:"FSBO")
FACT - Never say "never." If you know the marketplace, have the time and flexibility to do your own marketing and be at home to answer calls and let qualified buyers see your home, you can trade the time and inconvenience for savings on paying a fee to a real estate professional for his or her time and professional service. But be willing to pay a commission to a professional who brings your buyer.
If you already know and trust a qualified buyer who is willing to pay your asking price, you won't need a broker.
Be sure to retain a real estate attorney to provide review all the forms required for a legal transaction. The attorney's retainer fee will eat into your commission savings, but again, if you have the experience and time to spend, why not pay yourself?
About 12% of all real estate transactions in the U.S. are FSBOs. Most FSBO sellers, though, say they'll go with a pro the next time.
FACT - Never say "never." If you know the marketplace, have the time and flexibility to do your own marketing and be at home to answer calls and let qualified buyers see your home, you can trade the time and inconvenience for savings on paying a fee to a real estate professional for his or her time and professional service. But be willing to pay a commission to a professional who brings your buyer.
If you already know and trust a qualified buyer who is willing to pay your asking price, you won't need a broker.
Be sure to retain a real estate attorney to provide review all the forms required for a legal transaction. The attorney's retainer fee will eat into your commission savings, but again, if you have the experience and time to spend, why not pay yourself?
About 12% of all real estate transactions in the U.S. are FSBOs. Most FSBO sellers, though, say they'll go with a pro the next time.
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