In these economically trying times, some people consider selling their own home without the help of a real estate agent in the hopes of saving the commission. There is only one benefit to a homeowner in this type of transaction and that is keeping the entire sale price without having to pay a commission. This is difficult to accomplish for the novice and only very experienced home sellers can succeed in FSBO transactions.
Most homeowners are unable to sell their home without the services of a real estate agent for a number of reasons.
- A majority of sellers tend to think their home is worth more than its actual value and they are unable to put an objective price tag on their property. A real estate agent is aware of the market conditions and what comparable homes are selling for in specific neighborhoods. He or she can help you ask for a reasonable price that will appeal to qualified buyers.
- FSBO
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