FSBO stands for For Sale By Owner, and it’s big news. You could save hundreds, if not thousands of pounds, simply by selling your property directly, without the help of a real estate broker.
More than one in ten homes in the US are sold by their owners, and typically these sellers save 6% of the value of their homes by going it alone. You’re also set to save thousands of dollars in expenses.
Put simply, FBSO removes the middleman and his fees – giving you extra cash and complete control every step of the way.
Selling your home without the help of a real estate agent can seem like a daunting task. But the benefits of going FSBO (For Sale By Owner) are clear – you could save thousands on advertising, marketing and contracts – which all manifests itself as profit in your pocket at the end of the day.
For instance, if you had a home that you were selling for $150,000, if using a real estate agent that charges the standard 6% commission, you would be handing over $9,000. By going with a FSBO, that money goes directly into your bank account.
As a growing number of Americans are realising the ease and economy of selling their own home, word is spreading, but not everyone has the time or energy for the hard work that can be involved.
The key with a successful FSBO is making sure you know what is involved, so that you know exactly what you will be getting into. Not only this, but you will have to be aware of the appropriate and legal steps for making the sale. Because selling a home can be complex and a bit overwhelming, it’s now increasingly common to see a special type of service popping up around the country in the form of FSBO assistance.
These services were actually started by a man who was a real estate agent. After years of selling homes in the traditional manner, he wanted to help sellers hold onto more of their money while still making a decent living himself.
The service gives the FSBO seller a friendly shoulder to lean on, answering all types of questions. Additionally, the seller can turn to the FSBO assistance company, asking for guidance – avoiding mistakes in many of the traditionally testing do-it-yourself areas, like pricing and marketing. .
Using an FSBO service means that you can enjoy all the benefits of FSBO without having to be an instant real-estate expert. With a little enthusiasm you can market your home yourself, and save yourself a packet in the process.