If a seller has the time and determination, FSBO can turn out to be a better choice. Here are some of the advantages of FSBO over real estate agent sale:
There is direct communication between you and the buyer. This translates to fast and efficient exchange of information.
You are the only person most fit to market your home. You know every single detail about it and no real estate agent can contend to that.
You know about all the offers that have been submitted. Since you are involved in every single transaction, you are well-informed about prospective buyers.
You have the assurance that people who check out your home are actually serious buyers. On the contrary, real estate agents have the tendency to show several properties the same buyer only to give them basis for comparison.
You set your own rules. Unlike in real estate agent sale, you decide on the time line and all other matters involved.
Indeed, For Sale By Owner has its advantages. However, it also has its downside that can not be neglected:
FSBO has not as much resources as real estate agent sale. Unlike real estate agents, you might not have access to significant information such as real estate market reports, comprehensive list of potential buyers, and real estate contacts, among others.
You might have limited real estate sale experience. On the other hand, real estate agents have been doing home sales all their lives. This can prove to be important in terms of negotiating with potential buyers.
You cannot list your home on some real estate Internet sites. There are some websites where only real estate agents have access to. Having your property listed on such sites can be very beneficial as they are frequently visited by potential buyers.
Cassiano Travareli has been educated in the finer points of the foreclosures market over 5 years. Read about the following article Advantages of FSBO Over Hiring a Real Estate Agent by Cassiano Travareli.
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