All About for Sale by Owner (fsbo)

By: Joelane

Using the FSBO method has become more popular over the years, although there are still certain areas of concern for the seller that should be addressed before you list your property for sale. One of the main areas of concern is that when selling your home FSBO you are working without a realtor. A realtor provides a layer of protection which separates the qualified buyers from the lookers.

When you are selling your home using the FSBO method be sure to always qualify potential clients so that your valuable time has not been wasted. The simple way to avoid this is to require a letter of approval from the buyer's lender.You should never be afraid to ask for this because you don't want to waste your time with any unqualified buyers. When it comes to this selling method, time is money.

You should also get a professional grade marketing plan when using the FSBO method. You may think that this is impossible on a budget, but there are ways to get it done. The best place to start is a flat-fee MLS listing which is available to buyers for free. By listing your home in the MLS you will know for a fact that the realtors in your area know about your listing and can direct potential clients to your home.

You should invite the local realtors to your home for an open house. Be sure to make it clear that you aren't interested in their services but are merely trying to get the word out that your home is for sale and open to their clients. When you are showing your home remember to remove your self emotionally from the sale of the home. It is sometimes difficult to remove your memories and family from a home mentally when in the sale process.

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