Selling Your Home - Alone Or With A Broker?
By Raynor James, Fri Dec 9th
How do you decide whether to sell your home (or land, farm,ranch, etc.) on your own or use a real estate broker? There arepluses and minuses to each approach. Let's look at some of thekey ups and downs. Only you can decide which approach has themost pluses in your situation.
Why go FSBO?
"FSBO" stands for "For Sale By Owner" and tells buyers you arenot using a realtor to represent you. The biggest upside togoing FSBO is you save thousands of dollars in brokercommissions when you sell the property. This may seem obvious,but the savings are very real.
The downside to going FSBO is it takes
How to Sell a Home on Your Own in Days
Would you like to sell a home fast without using a Realtor? How to sell a home fast online without using a Realtor. There are many ways.
What I Have Figured Out About For Sale by Owners
We all know that the real estate market has seen better days. As the economy becomes more and more tight and families continue to cut back we are seeing a large increase in the FSBO market. What I have found is that many people choose not to use an agent for three main reasons.
your time to market andshow the property. (You'll need to prepare your property forsale in either case, but that's a whole separate topic.) Youalso need to be familiar with how the real estate sales processworks in your part of the country. It isn't necessary to be anexpert; just make sure you understand what things one mustgenerally deal with in a real estate sales transaction.
Also, it's important to have access to the helpers you need.Examples include a lender who is willing to qualify yourprospective buyers, someone qualified and willing to draw thesales contract and a person or firm qualified to close yoursales transaction. Fortunately, there are many lenders andsettlement offices willing to work directly with the principalsto a transaction. And, for the brave and hopefully, veryexperienced, there are on-line, fill in the blank, salescontracts.
Why use a broker?
Does the above discussion leave you feeling insecure instead ofalert, thoughtful, and excited? If so, you probably want a realestate broker to sell your home for you.
Other instances when you may want to use a broker include:
1. Inexperience - If you have not had much experience buying andselling homes, a broker may be the answer.
2. Local Conditions - Are you aware of the unique issues of thegeographic location? If you have bought and sold in Virginia(where termites and radon are concerns) and you are now planningto sell the one home you've owned in Colorado (where water andmineral rights might be on the discussion table), it's possibleyou may want a broker.
3. Time, Time, Time - If your profession provides for you andyour family very well, but takes up enormous amounts of yourtime, ditto.
4. If you have no notions about how you'd go about marketingyour home using the Internet, magazines, newspapers, bulletinboards, brochures, signs, word-of-mouth, etc., a broker can getyou the marketing exposure you need.
The Right Choice?
There is no one right choice. Only you can decide what's bestfor you. Hopefully, this look at the pros and cons will get yourmental juices flowing nicely. I hope your sale goes smoothly.
About the author:Raynor James is with http://www.fsboamerica.org - providing FSBOhomes For Sale By Owner. Visit our "sell my home" page athttp://www.fsboamerica.org/seller.cfm to list and sell your homefor free for one month. Visithttp://www.fsboamerica.org/buyer.cfm to see homes for sale byowner.
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