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FSBO - You Can Sell Your Home Yourself

May 16, 2008
If it's time to buy a new home and you already decided to sell your house, wait a bit before you turn to a real estate agency.

Maybe this is your first time home selling, and you think it would be better to entrust the whole stuff to a professional. But what makes you think you can't do it on your own?

FSBO means 'For Sale By Owner' and it is used to describe home owners who sell their homes themselves and don't use a real estate company when they sell their homes and land.

Believe it or not, with the proper knowledge and the right help just about anyone can successfully sell (or buy) without using a real estate agency. Sometimes an owner can even do a better job than many real estate agents.

FSBO makes selling a home on your own easy. A growing percentage of homeowners are realizing how easy and economical it is to sell your own home without using real estate agents and agencies. You can save a lot on real estate commissions every time you sell your house. It is very important that your home's selling price is determined by you, not a real estate broker who takes a x% fee for selling your home.

It is recommended to get information about prices from as many sources as possible, for instance with the help of Real Estate Websites.

An agent may tell you that the main reason to use them rather than FSBO is that they can place your home in the Multiple Listing Service, and you can not. They may imply that your chances of selling without being in the MLS are next to nothing. Don't believe it. The truth is that up to one in 3 homes sell by owner and very few, if any, of those were MLS listed.

Usually buyers look at For Sale By Owners as well as listed homes. They don't only browse ads that are in the MLS, though realtors dreaming of that.

Advertising your home is the next step after you have determined the selling price. Advertising through a FBSO website is a convenient and effective way to market your home. Using a website increases your home's exposure greater than traditional methods such as local newspapers and real estate magazines. That is not to say that you should forgo these traditional methods. Rather, you should employ all the methods at your disposal to improve the odds of selling your home.

Honestly, you don't need a real estate agent to sell or purchase property - that's clear. Keep your money for something else and give a trial to rely on your own skills.
About the Author
Attila Z Jancsina is a freelance copy writer. He occasionally writes for Virginia Real Estate
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