Selling Your Own Home "For Sale By Owner" (FSBO)

“Selling your own home is not easy as you are emotionally attached to it. If you do your own selling, keep your emotions well in check.”  ~ Paul Clitheroe

Are Your FSBO Costs Worth the Commission Savings?

Selling a home can be complex and it involves a lot of details. Without professional guidance and the expertise of a REALTOR®, selling a home can often entail many unnecessary bumps in the road. In a tough market, it is highly recommended to use a qualified real estate sales professional who understands the market, knows how to position your home to sell, and is in touch with the buyers (and agents) out there in the marketplace. 

Of course, many people are very comfortable selling their own home, i.e., take on the role of For Sale by Owner (FSBO). You may find that you are one of those people. A lot will depend on you.

If you're going to sell your own home, educate and prepare yourself for what's involved in the process. Make sure you’re motivated to sell and have the time, resources, marketing skills, negotiating skills, and even the inclination and capacity to sell your own home. Compare the difference in costs between selling your own home FSBO and using a REALTOR®. Ultimately, only you can decide if the costs of selling your own house are worth the potential savings in commission to you. 

30, 60+ Days and No Sale?

If the FSBO option is for you, I recommend that you set a budget and time limit for selling your own home. Start out executing a 30-day plan and see if you’re getting the results you desire. Maybe you want to execute a 60-day plan - most activity is generated in the first 30 to 45 days a property is placed on the market. I encourage you to be realistic about the time period you set. If you’re in a hurry, make the time period shorter. If it has been 30 or 60 days and still no sale, you may want to evaluate whether you’re still want to take on the task of selling your own property. Selling your home on your own, especially in this market, is a full-time job, and it can be a long-term project.  

If you need to have your home sold sooner rather than later, and you have no real buyers in sight, consider partnering with a REALTOR®. 80% of For Sale By Owners end up listing with a REALTOR®. So, you won’t be alone. Don't waste more time and resources on selling your own home if you’re not getting the results you want. 

Remember: You’re In Charge!

If you decide to sell you own home, great! First Step: Educate Yourself. Start Here: Request a Free Guide on 20 Steps to Selling Your Own Home. Also, Ask Letitia. Please visit Letitia Stevenson on forsalebyowner.com or email her at FSBO@LetitiaStevenson.com with questions about selling your own home.  Remember, knowledge empowers, and learning as much as you can is in your best interest.

Now, If you decide to partner with a licensed real estate sales professional, choose wisely. All real estate agents are not the same. The competence of your agent and his or her ability to effectively market your property could impact the final selling price of your home up to 5% to 15%.

Remember, you are in charge of making perhaps the biggest financial decision of your life. If you have any questions or you want maximum value for your house, please contact Letitia Stevenson for a complimentary home marketing evaluation. 

Much Success to You in Getting Your House Sold!

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