For Sale By Owner

Selling a home can be a challenge and costly. With the savings of not having to pay a Brokerage commission, many people wonder if this is right choice for them and why more home sellers decide not to do a “For Sale By Owner” (FSBO).

• Many home owners realize the level of knowledge, experience and commitment that is required to do an effective job.
• Most buyers are going to request representation from a REALTOR to ensure they are not paying too much for a home and that everything is done correctly.
• Most buyers are going to want the savings to their advantage – not the sellers.

• Depend on your intuition – safety can be a concern.
• All marketing and advertising costs paid by seller regardless if the house sells.
• Become an expert in advertising and marketing – what works?
• Not have access to MLS – Multiple Listing Services.
• Find your own buyer.
• Pricing the home is it overpriced or under priced?
• Lack of negotiation skills can leave money on the table.
• Be familiar with all of the paperwork, (legal forms, disclosures, financial issues etc).
• Not disclosing necessary information or not using the correct form could leave you open to legal action from a buyer.
• Free time will be limited for showing availability.
• Buyers know that you are not paying a commission, and believe they should get a better deal.
• Be aware of equal housing laws and familiarize yourself with offers and contracts.