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fsbo analytics - Your For Sale By Owner Real Estate Guide

What is FSBO?

Learn the benefits of FSBO and just how you can find out how to sell your house without a realtor. There are more benefits than just keeping the commission money in your pocket, this informative article will tell you more of them.

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Speed Up Your Home Sale

Author: admin 1 March 2007
Category: Articles
Many people are realizing that selling your house FSBO not only saves you money on commission you would have paid an agent, but it also quickens the sale of your home. Most people don't think that it would, but once you break down the what and the why of the matter, you can see just how selling your house FSBO can bring you more profit and sell your home quicker than going through an agent.

This is the main reason why selling FSBO can bring you a quicker transaction. If you sell through a real estate agent, you have to pay a 6 percent commission on the sale of your home. So if you have a $250,000 home, that's $15,000 in profit right there that goes to the agent. But of course you want to retain all or most of that profit for your work if you sell FSBO.

But what happens if you pass some of that money on discounting your home for a quicker sale? Instead of selling it for $250,000, you can sell it for $245,000. Now buyers are looking at your home selling for $5,000 less than another home selling for $250,000 in your area that's the same as yours. Every little bit matters in home buying, especially if it means that they basically will save on closing costs at closing.

Keep in mind that before you think about the discount, measure up the home market in your area and see how fast homes are selling. If it's still a hot market, you might not want to give a discount if you think it'll sell at your asking price. But having this option in a slower market gives you a better hand in competing against others in your area.
 
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