fsbo, yes or no?

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Selling your home yourself can save you thousands of dollars in commissions. However, this might not be your best option and here's why exactly you should think twice before going FSBO.

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Selling your home yourself can save you thousands of dollars in commissions. However, this might not be your

best option and here's why exactly you should think twice before going FSBO.

A Daunting Task

It is no joke to sell your home, to put it concisely. What if you have a job that demands not only your time and

effort, but has you always on the move even when you have left the workplace? What if you are required to do a lot of flying? You an entertainer, perhaps? Got long work

hours? Do a great deal of study reading just to stay as good at your work tomorrow as you were today? I might have touched a nerve with any of the above descriptions

(or maybe more), and if I have, then things are too exciting and/or demanding as of the present for you to go FSBO.

You would be better off seeking the help of a Realtor if you work in a profession that is either one or more of the

following - fast-paced, difficult, stressful, exciting, never-a-dull-moment, time-consuming - you get the idea. Take the

time when you first put your home on the market to interview an agent or two. Find out how their listings are marketed. Ask if they keep their clients informed about the status of their property's marketing. Do not just ask

for, but INSIST on references - no references, then tough. And once you have found somebody who leaves you no doubt about his/her skills and experience, then sign that

listing agreement. A good agent can give you sound advice and save you a ton of time.

Inexperience

You are probably a good candidate for working with an agent if you have never bought or sold a home before. The

same thing is true if it has been a number of years since the last time you bought or sold. Dibs on those double quotations if you are new to your county and have not

bought or sold a home in there either. Naturally, the exception to such a truism would be those individuals who are under the employ of real estate firms or other similar lenders. You may not be buying or selling your home on a regular basis, but your experience would definitely serve

you well when it counts.

I would advise older individuals to enlist the assistance of an agent. In most instances these would be homeowners who have owned their property for several years, even

decades. The home has appreciated - often more than the owner realizes. Now the owner wants to "up the ante", so to say, and is wanting to buy another piece of property, on

one community level, with grounds maintenance and other exterior chores outsourced to an association. But

this cannot be accomplished if they do not sell their home. One simple thing the homeowner could do would be to

increase their savings from the sale, which would result in lower operating expenses for the new home compared to

the old one. The idea of making a big change and the multiplicity of accompanying concerns is daunting. This is why I firmly believe hiring somebody with experience can

be a boon to any homeowner.

You probably won't prosper by going FSBO if either the first or second situation applies to you.

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