Many times home sellers toy with the idea of selling their own home, thus saving the sales commission which takes a fairly hefty chunk out of any profit left after the home is sold. So the seller will spend some time researching the best sell for FSBO houses.
Most of the prospective buyers are looking at the MLS selections because they think that is where the action is, and in reality that is largely true. However, there is quite a following lately in some of the FSBO (For Sale By Owner)listings. Many people are following these listings because they know they can get a home for a cheaper price because there will be no sales commission, so leaving room for the seller to accept a lower price.
An interesting statistic has been uncovered where studies have shown that over half of the decisions to purchase a home are made within one minute of seeing the home. Looking at the situation both from curbside and from the staging of the home on the inside, this is the result. Regardless of who is selling the home, if the little things all add up to one big thing, and the home sells, it really doesn’t matter who “sold” the home, all that matters is that it is sold.
In order to get the best sell for FSBO houses, you will have to do all of the work that the realtor normally does. You will have to promote the house. You will have to hold the open houses, answer questions about the house, and be ready when someone wants to see the house.
You are the one who will have to stage the house, have everything clean and ready to go, be there to answer questions from prospects who come by and want to see the house, and you will have to be available at all times during the day, evenings, and weekends.
You will have to handle the inspection and appraisal details, as well a negotiate the price, and understand and complete the paperwork.
Never fear, however, there are online resources such as owners.com and several FSBO agencies that will guide you every step of the way.
Is it worth it. It is if your house would normally carry a hefty real estate commission on the other end of the sale. This amount of money could amount to $10 to $15 thousand dollars, a nice, tidy sum that is certainly working for, is it not? The learning curve is not so much that you can’t learn what to do and make it come out right for your and your buyer.