Your FSBO Home Sale

For Sale by owner, or FSBO ("fizz-bow") is an increasingly popular house sale choice that many sellers are using to save tens of thousands of dollars. Are you ready to sell your home? Do you want to get more money out of the sale? Everyone wants to get the most they can out of the equity in their home when they sell, but paying large real estate commissions can really bring down the size of the check once the sale of your home goes through. If you are interested in keeping more of the transaction money then consider selling your home For Sale by Owner.

Selling for sale by owner means that the sellers do the work to sell your property, and therefore keep the money. You will need to advertise your property in order to get the word out that there is something new on the market that is worth looking at, and as a FSBO the responsibility falls on the owner's shoulders. Owners can put ads in the local newspapers, but advertising on the internet is one of the best ways to get the word out aboutthe house for sale to a multitude of potential buyers. The internet can reach people all the way across the country who have to relocate to where the house area and are trying to purchase a house long distance style. Some of these people will fly in for a weekend and look at all of the homes they were interested in from the pictures and listings on the internet, and in that weekend they will purchase a home.

Most real estate agents charge between five and six percent sales commission when they sell a property. If, for instance, a home is worth $200,000, then the real estate agency charges between $10,000 and $12,000. If a seller spends 100 hours selling a home as a FSBO, that's like earning between $100 and $120 per hour--a very healthy hourly rate.