How to FSBO
♫ Wednesday, October 28th, 2009Many people are selling their own home themselves these days. People find themselves in situations where they can no longer afford to pay their mortgage – and to avoid foreclosure, they look into listing their home. Since a professional charges fees, the seller will most likely list their own property by default – they simply cannot afford to pay out commissions to a listing agent.
Since the internet has ‘leveled’ the playing field, this is no longer such a bad thing! Hours and hours of work selling your own property can be minimized if the internet is leveraged properly. Most often licensed agents leverage the internet just the same way – they list a property on the MLS, possibly create a website for a home, and then let the market come to them. Is this really worth paying thousands of dollars for?
With the right guidance, you can do this too – and do it better! Think about it – most licensed agents have more than a few listings to manage – you will only have one – your own! If you want to learn how to FSBO, now is a great time and there are plenty of resources available.
There are many tools, products, and services that can guide you through this – and save you THOUSANDS of dollars on the back-end since you are not required to pay a commission since you sold your own home. It is very important to seek the right guidance and know what companies to use as strategic partners during the listing process – there are tons of service providers and choosing the ones with the best returns is crucial.
If you are thinking of going down this path, be sure to have your ducks in a row! Right now is a GREAT time to list your own property – as long as you expose it properly on the internet and an MLS listing service. Mortgage rates have JUST dropped below 5% again and the government is doing everything possible to boost home sales in this current economy. This means AMPLE buyers who are looking for the home you currently live in!
Get out there on the market, price your home properly, and learn how to FSBO – and kudos for saving THOUSANDS of dollars in the process!
