Selling your home For Sale By Owner (FSBO) may be a great option for you, especially in this seller’s market. Homes are selling fast, and you could potentially save a 5, 6 or 7% real estate commission!
But before you put the “For Sale By Owner” sign in the yard, check out this article for Eight Costly Mistakes FSBO sellers make. Spend a few minutes upfront to review these costly lessons and avoid them in your listing. The result could save you thousands of dollars and lead to a quicker sale at a better price!
And we’ll add one more to the list. If you decide to sell it yourself, you’ll want to connect with a local real estate attorney who is familiar with the process and able to guide you through each step. There are many things you’ll need to do as the seller, and if you aren’t familiar with the process, you may end up delaying the sale or losing a sale. Remember, a real estate agent or real estate attorney handles dozens of sales at any given time. But this may be your first sale in five or ten years. If you aren’t connecting with a real estate agent, be sure to get a real estate attorney on your team as your resident expert to guide you through the process. You’ll typically find rates are significantly less than what a real estate agent charges, because the attorney is not providing any marketing services.
Read the full article from Trulia here.