subject: Why You Should Consider Going Through The FSBO Option [print this page] Why You Should Consider Going Through The FSBO Option
Once you're ready to sell your home it is a clever idea to take the FSBO market into consideration. There are several benefits to this type of marketing both to sellers and consumers. In a for sale by owner situation both the owner and the prospective buyer can come out much better than when a realtor is involved. Though there are cons to this decision the benefits for both parties are simply too great to ignore.
Nearly any deal can benefit from getting rid of the middle man and that's one thing an FSBO listing allows. Realtors the middle man charge fees for their services and these fees can sometimes get pretty ridiculous. Realtor fees either add an unfair amount of money to the final cost or take an unfair chunk of money out of the seller's profit. This is probably the biggest factor that brings homeowners to the for sale by owner option.
If you are capable of taking payments over time or offer a rent to own agreement then you have your hands on another valuable benefit. If you are able to do your own financing you will open the way for many prospective consumers who are eager to buy a home but just don't have perfect credit. This prevents them from being able to purchase a home, even if they have never missed a rent payment. If you can offer these people your home with less harsh requirements you could cut the time it takes to sell your home in half. Many more people fit into the poor or no credit category than the amazing credit category required for financing through a bank.
Selling your own home isn't always simple and there can be some minor headaches involved. Anyone wanting to sell anything, be it house or lemonade, has to advertise their sale in one form or another. Additionally, some consumers may be a little bit skeptical of this market. For most the benefits overwhelm the cons, especially if the homeowner is willing to be flexible.
Should you decide to take the FSBO route there are many different websites and software titles than can aid you throughout the process. This includes targeted markets through online searches and other tools of the trade. With this sort of setup you still save a generous amount of money compared to going through a realtor and you retain the flexibility of doing your own deals. After you have spent years paying for a home and taking care of it, it only makes sense that you would deal directly in passing it on to someone else.
