For Sale By Owner

For Sale By Owner Home Information

So you’ve decided that you’re going to strike out on your own to sell your most valuable asset in a volatile market with dozens of practical, not to mention legal pitfalls awaiting you, all in order to cut out the commission. Good for you! Here are a few facts that you might want to know before you get too far into it:

  • Buyers perceive FSBO homes as ‘outside the norm’ and oftentimes consider it an opportunity to get a deal or obtain unconventional (owner assisted) financing.
  • NAR statistics show the average sales price of FSBO homes to be 20% lower than agent-assisted sales for the year of 2013.
  • FSBO sales accounted for less than 10% of all home sales for 2013.
  • 90% of FSBO attempts result in the owner ultimately listing the home with an agent.

While it is entirely understandable that nobody wants to pay for a service when you can do the same yourself for free, before you get into it realize that if you are able to beat the odds, find a buyer who is qualified, and successfully close on you’re home without formal representation, you are still only getting eighty cents to the dollar.

We at RealEdge call this a No-Brainer.

Want to Sell Your Own Home? We Can Still Help!

RealEdge has created a free packet of information and paperwork that can help you try and sell your own home. Contact us to have it sent to you today!