Is FSBO Right For You Or Should You Try Another Option?

Is FSBO right for you or should you find another person to do the work? This is a big question for some people who want to do their own selling of their homes, furniture, or antiques. You have to decide if you have the time and energy to put into the endeavor. If you don’t, it may be wise to find someone to do it for you. This will save you time and headaches throughout the process until it is finished. Make the best decision for you and not for somebody else. Sure your sister may need the money, but your cousin will help you out and actually knows what they are doing. So make the best decision concerning this issue as you can.

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FSBO stands for For Sale By Owner. As stated before, this could mean a house or furniture, even an old car. Make sure you have complete information on laws governing any transactions between you and another. Always keep a written record and a bill of sale if necessary for high ticket items. Do you know what to do if the people back out of the sale and how you can get restitution?

Here are some tidbits of information which may help you. Make sure your house or car is presentable. No one wants to look at a dirty house or trashy car. Make sure you give it a good cleaning and get all the stuff out that is not supposed to be there. Make sure there is no clutter and the home smells wonderful. Place a For Sale sign in the windshield or in front of the house. A simple yard sign can get the ball rolling long before you might think. This lets people know you are looking to sell and welcome them to come by and take a look. Be sure when you price your item that you look it up in two or three different books to ascertain the price. A good price sometimes means a fast sell. Likewise, a bad price may mean it will take some time to sell the property or item.

When selling your home, make sure the prospective buyers have a pre-qualified loan. This way, if they aren’t, you won’t waste your time and theirs by talking with them when there may be others who want to buy and can afford it. This can be a big hassle to bypass those who aren’t right for the home, but it will help you a great deal in the long run.

Another great idea is to print of fliers and put them up all over your neighborhood. You can use the grocery store, the post office, or anyplace that will let you advertise in the window or on their bulletin board. You can get a lot of sells this way. FSBO lets you take all the money earned and you don’t have to share all of it with someone else. This is always a plus for people who live on a fixed mortgage or budget. You can negotiate the right price for your possessions and decide what you want to take and quickly you want to sell.

FSBO really gives people a way to get out from under the thumb of everyone else trying to take their money from them. It places the money back in the hands of the person selling and gives them the right to make the decisions regarding their property.

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2 Comments

  1. Posted April 21, 2008 at 6:43 am |

    I practiced real estate law for 20 years and now as a Realtor I see several common mistakes that FSBO’s make to their detriment. Honestly, sometimes real estate agents are not any better at marketing.

  2. Allen Davis
    Posted January 30, 2009 at 4:03 am |

    If you are searching for FSBOs to buy, you might ask yourself what you lose by using a real estate agent. They have access to more properties and information to determine the value. The seller is the one who foots the bill. And if you have never bought a property before, the paperwork can be overwhelming. It helps to have someone with experience on your side.

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