Sunday, January 19, 2014

Have You Considered Selling Your Property For Sale by Owner?

For sale by ownerHave You Considered Selling Your Property For Sale by Owner?


If so, you have probably looked at the benefits on selling the home yourself....

  1. Not having to pay the 6% commission costs you would normally pay real estate agents.  You could potentially save the entire amount or a portion if you sell yourself

  2. With a low equity home, not paying the full commission could be the difference between walking away with some cash in your pocket and having to cut a check that sucks your bank account dry

  3. Control of the home selling process so you can be fully responsible for the outcome of the home sale and not feel pressured by pushy agents.


Selling a property FSBO might be the best alternative for you and your situation.  There are, however, drawbacks that many homeowners do not take into account when selling your property for sale by owner.

  1. Many agents will not show FSBO properties to their clients so the pool of potential home buyers has shrunk considerably.  Many agents don't want to work with FSBO because they don't want to haggle with commission costs with the homeowner.  In addition, because homeowners are not well versed in real estate transactions, many times the buying agent ends up doing most of the work to close the transaction

  2. Good real estate agents qualify their buyers before they even look at properties.  With a FSBO, many times people that are looking at the property are not qualified (pre-approval & cash on hand) to buy the home so you are basically wasting your time.

  3. Many times home buyers search out for sale by owner properties because they think they can negotiate down the price even lower because they take the normal commission costs into consideration.


There are many things to consider if you are thinking of selling your home FSBO.  You should read up on all the information and also interview some good real estate agents in the area to see what all they offer.

If you are curious as to what your Ashburn property might be worth in todays market, then access my free Ashburn Real Estate Home Prices Report today.

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