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Why would you sell your home For Sale By Owner?

28 May 2009

28 May, 2009  How To Sell

BESIDES the savings on commissions. Why else would you sell by yourself?

For those of you that have been successful….. How long did it take and how much money did it cost you for advertising and supplies? For those that weren't successful…. How long before you hired a Realtor and how much money did you lose trying to sell on your own?

People tell me that they are unwilling to pay a REALTOR a 6%-8% commission for doing something that they can do as well as a REALTOR. As a REALTOR I not only respect their point of view but also the commitment of time, energy and money that it takes to sell a house. With that said, let me share some statistics. 80% of people that try to sell their home by owner eventually hire a REALTOR. Homes sold by REALTORS net more to the seller than homes sold by owner. ( YES EVEN AFTER PAYING COMMISSION ). REALTORS prequalify potential buyers so that when someone enters your home they are ready, willing and able to buy. Because REALTORS are in the business of selling houses they know how to prepare, stage, price and advertise houses to get the maximum net in the shortest time.

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10 Responses

  1. iluvgzus

    2009 May 28 1

    I wouldn't. I will never own my own home. I aspire for nothing in life so hey. I will forever be a renter.
    References :

  2. doppler

    2009 May 28 2

    Loaded question… you seem to be looking only for pro-real estate agent answers. The fact that you used the copyrighted word Realtor, and capitaized it, tells me you probably are one.
    References :

  3. A.Mercer

    2009 May 28 3

    On "Property Ladder", the host says that studies show that houses that are sold For Sale By Owner generally bring in 10-15% less than houses sold by realtors.
    References :

  4. irisheyes

    2009 May 28 4

    I am doing that right now and i'm selling it as is. It was so easy. I just told people i was selling it and since i live in such a little town i just answered the phone when people called.

    I think i'd probably sell anything by myself except jewelry.
    References :

  5. floridaman39us

    2009 May 28 5

    You will save lots of money. I sold mine in 1 month back in the 1980;s. The real estate market is flat right now.
    References :

  6. brian

    2009 May 28 6

    The key reason is to save the money you would otherwise pay in commission. I am a REALTOR and I support FSBO listings. I realize that people need to save money, and if they are willing to pay me as a buyers agent, I will bring them buyers. I am also willing to help them get their paperwork straight so that everything is in order when we go to close. They are grateful for my extra effort and it gets me referrals.
    References :
    Experience

  7. Henry

    2009 May 28 7

    On a $500,000 home, the typical commission payable is $13,000. How long does it take an average person to earn $13,000? In a hot real estate market, it takes a Realtor a few hours to a few days to sell a house. It may take them just a few hours to complete the deal.

    If you think $13,000 is a lot of money, it worth the time and effort to sell it yourself.
    References :

  8. godged

    2009 May 28 8

    Yesterday I talked with a home owner who was FSBO, then went with a limited service agency and is now back to FSBO.

    He's been at it a year so far……..
    References :
    Oregon Realtor

  9. h20 water

    2009 May 28 9

    you might be moving house so you have to sell you old house!
    i have not done it before, i have only lives in 1 house for my whole life!
    References :

  10. exitbrian.com

    2009 May 28 10

    People tell me that they are unwilling to pay a REALTOR a 6%-8% commission for doing something that they can do as well as a REALTOR. As a REALTOR I not only respect their point of view but also the commitment of time, energy and money that it takes to sell a house. With that said, let me share some statistics. 80% of people that try to sell their home by owner eventually hire a REALTOR. Homes sold by REALTORS net more to the seller than homes sold by owner. ( YES EVEN AFTER PAYING COMMISSION ). REALTORS prequalify potential buyers so that when someone enters your home they are ready, willing and able to buy. Because REALTORS are in the business of selling houses they know how to prepare, stage, price and advertise houses to get the maximum net in the shortest time.
    References :
    Tampa area REALTOR


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