Q & A Saturday – Should I Sell My House FSBO?

Welcome to our Q & A Saturday video.

In these Q & A Videos we will answer your questions about real estate.  Any real estate related topic from questions about selling your house, buying a house, real estate investor questions, land lording questions, local market questions and many others things are all fair game. 

Today’s question is “Should I Sell My House FSBO?

FSBO Sign - Massachusetts and New Hampshire Real Estate

In this video Shaun discusses some of the pros and cons of selling a house FSBO instead of using a real estate agent.

 

Some of the main points covered in this video are:

1)      What is FSBO – For Sale By Owner

2)      Advantages and disadvantages of this strategy

3)      i.e. Saving on commissions (but where you probably won’t save)

4)      Listing off some of the things to look out for – Many of our previous recourses listed below

5)      Speaking with an attorney

6)      Why selling to an investor is probably the best time to go FSBO

 

Selling a house FSBO (For Sale By Owner) can be a good way to save some money in the selling process.  With listing agent commissions generally ranging from 5-7% that can be a significant amount of money, especially in higher priced areas like Eastern Massachusetts and Southern New Hampshire where you can easily have a sale in the $300 or $400 thousands for a modest home.  However the process can be a little confusing if you do not have much experience with it.  A GOOD real estate agent can definitely add a lot of value to you but the key is finding an agent that is very good at their job and will market your property to get maximum exposure, price the home to get a lot of interest but also the best price, negotiate the best deal when you get an offer and then guide you through the closing process with minimal stress.  Those are great agents, and are somewhat rare hence why many people attempt FSBO.  One area where FSBO makes a lot of sense is if your house will have issues qualifying for bank financing and the main pool of buyers will be investors.  In this case they normally will not be working with an agent and no commissions will be needed and even at a lower price you will net more of the sale price without giving back that 5-7%.  If you would like to sell your house fast and easy with no commissions you can get in touch with us today!   

 

Hope you enjoyed the video and leave any other questions you have about the topic below or any other topics you would like to see covered in future videos.  I encourage anyone that has things they would like to talk about to let me know what they are.  You can always fill out a contact us form here and put Q & A in the subject, just leave a comment with your questions below here, send an email to info@masshomesale.com, or post it on our Facebook page or Twitter account.

 

Resources mentioned in the video:

–          Our Video on Using an Agent to Buy a House

–          Our Video on Getting a Home Inspection

–          Our Video on Having Your Property Qualify for FHA Financing

–          Our Article on all the issues dealing with an FHA Buyer

–          Our Video on The Accuracy of Zestimates

 

 

 

 

(Image Credit: For Sale by Owner Sign by Vectorink via Wikipedia)

 

 

Comments

  1. Good Video

Speak Your Mind

*