For Sale By Owner Can Take a Long Time
For Sale By Owner seems like a no-brainer. Put a sign out on your lawn, run a few ads in the paper or on the internet and voila, you have sold your home and made more money by not having to pay a commission. The reality is quite different. With FSBO, you are doing all the work of the entire process.
Realtors Bring in More Traffic
MLS stands for Multiple Listing Service. This is used by realtors to let each other know what real estate are available in any given area. Buyers prefer to use a realtor so that they can see the most options possible. When you sell it your self you are not listed on MLS. Therefore, it is difficult for prospective buyers to find your property as most depend on a realtor to help locate property, and agents depend on the MLS to find listings.
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1 comment:
A FSBO can make a lot of sense if your property is in a visible, or high demand, area. I know that the current climate doesn't have a ton of "hot" areas, but they always exist.
There is nothing wrong with giving FSBO a shot for a couple of weeks. Obviously, pricing is going to be one of your bigger issues. If you are a trying to sell your house on your own, don't undertake this unless you are savvy enough to know how to price things.
Bob L.
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