| For
Sale by Owner (FSBO) |
Many
years ago when you wanted to sell your home, you used
to put a "For Sale" sign out front. People who
saw the sign and had interest in the property would stop.
All the marketing and negotiation were carried out by
the seller. You can still do this but it is more common
for an agent to be involved in this process. The agent
generally receives 6% of the sale price although a lesser
fee or a flat fee can be negotiated. If you are looking
to save money and know the property market well, have
some skills in negotiating and have time on your hands
to show clients your home, selling your home without an
agent may very well be an option for you. Approximately
15% of people successfully sell their homes themselves
without the help of an agent. You will also have to desensitize
yourself from criticism about your home, as you will most
likely hear it from people as they tour and inspect the
home.
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