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For Sale By Owner - A Good Idea?

FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.

6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get a savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.

Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.

There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?

Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.

So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.

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If you are thinking of buying or selling a home, I encourage you to entrust your needs with Donna Wisniewski! Donna has a great understanding of the market regardless of if you are looking to purchase your first home or a selling your tenth flip. Our personal experience with buying our first home was quite different than I believe most are. We found our dream home when we drove past it on our way to look at the first house we ever toured. When we asked Donna if we could take a look, she made a phone call and we were walking the property within 10 minutes. She kept us in the loop on every small detail and made sure that we were not taken advantage of by the seller throughout the buying process. Donna is very upfront when it comes to concerns she may have and makes sure that all of her clients are well taken care of. We will always be grateful that Donna helped us in all the ways that she could with purchasing our first home. Brittany & Randy Turner
Thanks for finding the perfect house for our family! We appreciate all your help and your guidance. We will certainly recommend you to our family and friends! Chrissy Heyliger
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