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Monday, May 20, 2013

Is it time to go FSBO?

Is it time to go FSBO (for sale by owner)?

Now that the market is starting to recover somewhat I have a feeling the FSBO signs will start coming out.

There are lots of reasons why folks choose to attempt the for sale by owner route.  Probably at the top of the list is the belief they will save money.   Research has shown that this is not always the case.

Traditionally the success rate among FSBO sellers has been somewhere around 15% based on the studies I have read.  A couple of days ago I read a quote on a related website that sells FSBO adverting "we have the same success rate as full-service real estate agents." 

Many FSBOs, like their neighbors, seem to value their home higher than the market.  I think this is just human nature.

Even before the market changed I remember being asked "can a person sell their own home as a short sale?" 

So as the market changes will more FSBOs surface?  Maybe....heated markets raise optimism.

If your target market is those who drive by your home then by all means, stick a sign in the front yard!

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