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More and more sellers are trying to sell a house by owner. Depending on your situation, this may be the best solution for you. After all, you're the one that knows the most about your property, right? Check out our blog for more real estate home seller news.
The phrase "For [link widoczny dla zalogowanych] Sale By Owner" has become a well- known phrase over the past couple years in the real estate field. Not only are sellers trying to keep their costs low but they are trying to get things done on their own. If you are considering a FSBO, you should be aware of the advantages and disadvantages you may be facing.
There are some easy steps you can take if you want to sell your house by owner without the help of a real estate agent:

1. Research your state laws. Know the real estate laws and you may want to talk to a real estate lawyer. They may charge you for 1-2 hours of their time but in the end, it can save you time to have a knowledgeable advocate on your side.
2. Visit the open houses in your area. Take [link widoczny dla zalogowanych] pictures, fliers, and [link widoczny dla zalogowanych] ask questions. Get to know your competition.
3. Learn about the trends in your area and possible growth such as a new company moving to the area or an increase in hirings.
4. Ensure your house has a clean title and have the warranty [link widoczny dla zalogowanych] documents available.
5. Take pictures and market the [link widoczny dla zalogowanych] property. Follow the lead of agents in the area and see where and how they are marketing.
Because the market is full of houses for sale, home buyers have an advantage. They can choose from various houses and go with the house offering the best price. The houses will offer the same features and may even be in the same neighborhood.
Concessions are a popular topic at the closing of a real estate transaction. They are basically what the seller will offer for a reduced price or to keep the price at the asking price. For example, the house may need a new roof. Rather than lowering the asking price, the seller can agree to fix it or give them buyer a check for that amount at closing. This allows the house price to remain the same and the mortgage [link widoczny dla zalogowanych] amount to not change.
When a seller uses FSBO to sell their home, they [link widoczny dla zalogowanych] can still work out the closing concessions. But, due to the fact that [link widoczny dla zalogowanych] there is no agent in the middle, the seller can offer greater concessions or even lower the asking price because there are no added costs. If a seller has to factor in a percentage to pay the agent's commission, they will have to maintain the asking price to cover that cost.
There are some disadvantages to using the FSBO method of selling a house. You may not have the time or energy to complete the process. It requires [link widoczny dla zalogowanych] a lot of work to market a house, answer calls, and negotiate with potential buyers. You can hire an agent to help with these tasks. Agents charge a fee for their time and expertise though. They have usually gone to school and know how to work through the transaction, so it could be worth the cost. There can be complications during the closing, the inspections, and even with the buyer's financing that they should be able to assist with.
Another disadvantage to a FSBO is that sometimes other agents will not show your house because there is no commission [link widoczny dla zalogowanych] built into the asking price. You can solve this problem by offering a commission in your listing ad. It doesn't have to be a high amount but if your house is a great deal, agents won't mind an easy sale. They will view it as an easy sale if you have the house in showing condition and the paperwork prepared. [link widoczny dla zalogowanych] They would rather have one [link widoczny dla zalogowanych] sale and maybe a lowered commission than nothing at all.

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