For Sale By Owner

February 19, 2010

For Sale By Owner is just as it sounds, a homeowner trying to sell their home without the assistance of a REALTOR. Can you do this, sure! Do they actually get their house sold, sure! Is it typical? No. About 80% of FSBO’s end up listing their homes with a Professional REALTOR anyway. Here’s why:

1. I do not have the time to make appointments during the day or during normal business hours.

2. How do I know if these potential buyers can qualify for my home?

3. I am not aware of the legal documentation that should accompany a contract.

4. How do you pick a Title Company, and who is suppose to pay their fees?

5. What if the Buyer backs out of the contract?

6. Can I sell my home for market price without using a REALTOR?

7. What coverage do I have if the Buyer sues me a year after closing?

8. Is it worth having a home inspection before putting the house on the market?

9. Who does the home warranty really protect?

10. Will I really be saving the real estate commission if I try to sell myself?

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