People who know they cannot buy sometimes think that for sale by owner homes offer a better opportunity, because they're hoping to find a seller who will finance the transaction. One of the main reasons that buyers chose to buy properties for sale by owner (or private sale as it is known in Australia) is that they know the owner can be more flexible on the price and both the buyer and the seller can still end up better off. Many potential buyers in in the FSBO markey are also looking for homes for sale by owner for the same types of reasons, including direct contact with the seller, and avoiding price inflation.
There is one situation in which homes for sale by owner may sell faster than those that are sold with the assistance of a realtor; if you inflate the price of your home in order to compensate for the realtor’s commission you’ll eventually have to pay, the home will not sell as quickly.
Perhaps, but when the numbers are in and it becomes clear that only 14% of all homes that are For Sale by Owner actually sell as a true for sale by owner, you’ll understand why. For Sale By Owner (FSBO) families are saving literally thousands of dollars in real estate commissions when they decide to list their own homes (ie: FSBO), statistics show that it's probably one of the best ways to go.
Technorati Tags: FSBO, For Sale By Owner, Home Selling
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