Selling A House “For Sale By Owner”

October 23, 2008 at 4:00 pm 1 comment

Many people think if they start selling a house by owner they will save a lot of money in the end.

Keep in mind, though, that there are many advantages and disadvantages of selling a house “for sale by owner.” Some of the major advantages of selling a house by owner:

  • Not have to give the realtor their fee (about 6% of the total selling price)
  • You will always be available for showing the house and answering any phone calls
  • You will be in total control of everything that has to do with the whole transaction
  • No worries about anyone else making mistakes.

Some of the disadvantages of selling a house by owner:

  • All of the legal forms and paperwork are your responsibility
  • The cost of marketing and advertising. Listing it online will get a broader reach of people.
  • Trying to price the property correctly.

If you’re selling a house by owner, you could save tons of money. But, you will have to do a lot of additional work.

Need advice on what your house is worth? Find out your property value today.

If you find a local realtor who has a good reputation with the sale of houses, make sure you weigh your options first before choosing to sell a house by owner.

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Entry filed under: Home Values, Sell Your House, What's My House Worth. Tags: , , , , .

Sell Your House Online Arizona Real Estate Agent

1 Comment Add your own

  • 1. mn03  |  October 23, 2008 at 10:52 pm

    Yes I agree that you need to weigh up the pros and cons. The Buy My Place website is a good tool that provides great FSBO tips and information. It also allows you to sell your house online without spending a fortune on real estate agent fees.

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