#1—WHY DO PEOPLE CHOOSE TO SELL BY THEMSELVES?
FSBO, or “For Sale by Owner,” happens when homeowners decide to put their house on the market and advertise it without the help and support of a professional real estate agent. Going FSBO means that the owner must know how to professionally market and show the property, negotiate an advantageous selling price for the house, and, of course, be sure to get all the necessary paperwork completed for the eventual home sale. That last part usually includes finding an attorney to draft the necessary sale contract, as well as a title company to help complete the sale. Unsurprisingly, all these tasks can turn out to be pretty challenging for someone who is not fully prepared to take on such an imposing task. It’s also important to do extensive market research beforehand in order to avoid unwanted surprises. Based on reports and surveys, a substantial number of people who start out confident about going FSBO end up either losing the sale or giving in and hiring an agent. So, if you are determined to sell your home on your own, make sure you have the energy and the time necessary to perform all these tasks before setting out to sell your home all on your own. Given all the hassle it entails, why do people decide to do without an agent?
The number one reason why people decide to sell their homes without an agent is to save money.
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