The disadvantage of approaching a realtor is that he or she will take hefty commission from both seller and buyer and therefore reducing your margin as a seller.
The disadvantage of approaching a realtor is that he or she will take hefty commission from both seller and buyer and therefore reducing your margin as a seller.
ost of the time an FSBO owner thinks that he or she can sell their property at an optimum profit and sometimes they get the price. But it is not always true and for getting the maximum benefit from your property an FSBO owner should take a few steps before listing property for sale. You should keep in mind the time target for completing the transfer of FSBO property to the prospective buyer once the deal has been finalized. You should have a thorough knowledge of the transfer procedure or if you are not aware about the procedure, you should consult an agent. You meanwhile must arrange the alternate arrangement for your stay, as you will have a limited time for vacating your house after the deal.
You as an FSBO house owner might require paying all or part of the transfer cost once the deal is finalized. Depending on the condition of sale deal, you should make a provision for this expenditure in advance. Your listing price of the house should also be genuine and should be arrived at reasonably based on your locality and other facts. You should also keep in mind that negotiations with the prospective buyer will bring down the price of the FSBO property and therefore you should make the provision for discount also.
You should also be ready to show the FSBO property to the prospective buyer once you list the property. You should also aware about the fact that in which website you should list your FSBO property so that the genuine and prospective buyer approaches you. If your ads are listed properly, your chances to sale your property get doubled. If you keep the above points in mind, FSBO will not only be an opportunity for you will also be able to sale your house at a reasonable and profitable price.
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