Some home sellers rely on the help of an agent so they don't have to deal with the hassle of a real estate transaction. However, you don't need a realtor if you're looking to sell your property and buy a new one. According to the National Association of Realtors, FSBO’s (for sale by owners) accounted for approximately 8% of home sales in 2014. While it’s not a huge percentage, it definitely proves that you don’t need representation to get a home sold. If you’re going back and forth with whether to sell a home yourself, here are a few advantages and disadvantages of a FSBO.
Advantages of a For Sale By Owner (FSBO)
1. You avoid real estate commission.2. There are resources to help you sell the property.
3. You may make more money from the sale.
4. You have complete control over the sale.
5. You can devote your full attention to the sale of your home.
6. Additional thoughts on selling for sale by owner.
Disadvantages of a For Sale By Owner (FSBO)
1. You can’t list your property on the MLS.
2. You don’t receive professional pricing and advice.
3. You don’t have an agent to help with the paperwork.
4. You’re responsible for coordinating home tours.
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