Why Sell FSBO? Because The Benefits Are Abundant
Posted on January 17th, 2008 in FSBO Tips |
In today’s economy, when you are selling anything from household furniture to your actual house, you will find that there are many benefits to sell FSBO. Why sell FSBO and what does it stand for? It stands for “For Sale by Owner” and more and more people are learning that this is the way for them to make the most money from the sale, saves lots of time and stay in control of the sale. Read on to learn about why this benefits you and find out why sell FSBO is fast becoming so popular as the way to sell your merchandise and property.
You may wonder, “Why Sell FSBO?” There are plenty of good, solid answers. If you are selling your home, car or items, there are benefits in all departments. Less stress is one major benefit to answer “Why sell FSBO?” We all have plenty of stress today, more than enough to go around. If you can eliminate stress by selling something yourself, go for it! If you are selling your home, you won’t have to live by the real estate agent’s schedule and leave every time they want to show it to potential buyers. You don’t have to have the agent as a middle man and have all conversation go from you to the agent to the buyer and all back again.
Why sell FSBO? Because believe it or not, you are the one with the most experience. You know your home better than anyone else. You know your car better than anyone else. You know exactly what selling points will make a sale. The agent does not know about how last winter, when the electricity went out during a snow storm, how cozy and safe your family felt sitting around the fireplace and actually enjoying that family time. The agent does not know about your wonderful neighbors, who when you were ill, came over to your home all the time with home cooked dinners. You are the best seller that there is.
Why sell FSBO is best answered by one simple yet powerful word: money. No matter who you have as an agent, unless it is a family member who waives off all fees, a good chunk of the sale of your home is going to go into the agent’s pocket. Agents can get anywhere from six to ten percent of the sale. Think about how much money your home is worth and think about whether you wish to put up to ten percent of that into an agent’s pocket. Especially when you can do the same job that the agent does!
If you are selling your car, why pay a used car salesman to sell your car? And why trade it in? If you car is in decent condition, more often than not, you can get more for your car as opposed to the price that the car salesman of your new car will tell you it is worth. Why? Because he will be going by book value and if you have taken care of your car, you can sell it for much more than book value. You can then take that money and apply it to purchasing your next car. It is suggested to have your car checked out for any issues to prevent a buyer from returning it. Many states have what is called a Lemon Law; cars can be returned if they can not pass state inspection or have must have major repairs in order to be driven safely. Your mechanic can tell you if you are all set to go. Why sell FSBO? Because in today’s budget driven world, we all need as much money as possible.
4 Responses
Thanks for the nice advice on seling FSBO
very right, 75% of home buyers do R&D before actually going forward in the process of home buying and 1 out for 4 people are dealing via fsbo sites. so now a days fsbo sites are becoming more and more popular.
Great Article. Thanks for providing advice on this subject. There are a lot of things a FSBO seller has to know and do in order to successfully sell their home. If I may add something, when you mention 6 percent going into agents’ pockets it may be important to include that this is usually split between the selling and buying agents. Unless you already have potential buyers in mind, the buyer may be represented by an agent. If you include a guarantee (usually around 3%) to the buying agent you will likely attract more buyers. You still avoid the commission you would have had to pay an agent to represent you as a seller.
Another resource being used by FSBOs is the Flat Fee MLS listing. Real Estate Professionals who have access to the MLS offer to list your home or other limited representation for a set price. No guesswork needs to be done to determine your final payout based on the commission of a sale and you greatly increase your exposure.
Great article. The FSBO market in the UK is growing and any advice regarding the process is a hep for people new to the concept.