For sale by owner or FSBO

For Sale By Owner or FSBO is motivated by home sellers wanting to save money. There can be substantial cost savings for the home owners if they are successful in selling their home themselves. FSBO can be difficult, taxing and there are many issues that sometimes can result in litigations if they are not handled properly.

If you are thinking about selling your home by yourself, you should do the research on FSBO. First off, you should get yourself familiar with the process involved in selling your own home by yourself. Here is a site from About.com that give you some useful information on FSBO.

Some of the issues involved in FSBO transactions include:

- Lack of exposure - not shown on MLS (Multiple Listing Services)
- Homes not shown by Realtors
- Pricing problem – more often over priced than under
- Buyers not qualified - anyone can call for viewing as they are not screened
- disclosures and legal requirements - even trained Realtors are facing some issues
- Legal problems – this is the most common problems for FSBO

Working with a Realtor

Real estate commission is negotiable. The traditional commission payable for a $700,000 home is around $22,000 + GST. In a Seller market, when an average home takes a relatively short time and effort to sell, a home owner can benefit by negotiating a lower commission to sell his home. If you are thinking of selling, you can call me to discuss the appropriate commission to sell your home. 

You can contact me at 604-721-4817 or email me for a no obligation discussion.

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