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No FSBO

March 15th, 2012 at 11:42 am

I'm pretty sure that we have decided not to go For Sale By Owner on the sale of our current house. We haven't listed yet, as we are still waiting for order from the US Army. Could they be any slower? Apparently.

I'd love to go FSBO to save the money. The truth is we might not actually save that money on FSBO route. We might not negotiate well. We might list too low. We might not get any buyers to visit. We might spend too much time with open houses. Of course, I could say the opposite of all of these.

There is something to be said for a good realtor that knows the market and how to negotiate with a buyer and their realtor. The money to pay an agent, might net us a higher offer, a better list price, advice based on years of experience. The agent has contact with multiple agents around the city and elsewhere.

I've decided that it is worth the money to pay an agent to make this sale go as smoothly and as stress free as possible. I am after all one person and can't do it all. I'm already doing enough to handle the finances for two households, prep the house for sale, keep it cleaned daily, feed my kids and cats, grocery shop, sew costumes and return library books on top of researching our next place to live (and schools), deciding whether to buy or rent, and....well you get the idea.

Thanks for all the feedback on my FSBO post earlier this month. I appreciate your insights. It was interesting that not too many had actually sold their home by owner. Only one person commented that they had. I'm sure some day, I'll try it, but for now I've decided it is worth the money.

That's the latest. How are home sales in your area?

3 Responses to “No FSBO”

  1. snafu Says:

    If you've decided to use a realtor, I wonder what criteria you'll use to choose an agent. The seller's agent usually suggests price, enters the listing into the system, and sets realtor's cavalcades. It's important to have at least 3 agents prepare a proposal for listing, establishing price based on something solid like 'Solds,' taking good pictures, a marketing plan that includes where your home will be advertised, how often, whether 'Open House' is effective as a selling tool, [usually a tool to gain clients not buyers] in your community, and asking for pre-qualified buyers.

    BTW, realtor fees are negotiable. You need to know the length of the contract and your participation. It seems more buyers are doing their own search on-line, what level of technical expertise does the agent offer? Do you have the current Land Registry Survey and necessary documents?

  2. Bob B. Says:

    I think you made the right decision. Good luck! If your realtor sells your house, I might hire them.

  3. My English Castle Says:

    CCF: You've got a lot on your plate--and handling the household by yourself has been a staggeringly huge task. Hope it goes well!

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