Sellers
For Sale By Owner Tips
How to Assess Your Net Gain from Your FSBO Real Estate Transaction
To analyze whether or not you will end up ahead by choosing to sell on your own, consider the fact that most buyers use a real estate agent because it doesn’t cost them anything for this service ( i.e. the seller pays the agent’s fee). Be cautious, as buyers, investors and speculators who seek out For Sale by Owners are typically those in search of a bargain. The low-ball offers from these types of buyers will often net you much lower in the long run. What you will have to judge for yourself is the following:- Be as prepared as possible with your marketing, negotiations, evaluations, showings and all legalities.
- Consider what it will cost you to effectively market your home and assemble all necessary materials from the “for sale” sign to any contracts?
- What price will a buyer offer you as a For Sale by Owner minus the costs identified in point 2 above. Is this net price higher than the price an experienced agent could net for you minus his/her commission?