Selling Your House in a Buyers Market as a FSBO
You do not have to sell your home by yourself to sell your home “by your self”.
Save the 6% that a broker might charge. Some issues that you may want to cnsider are:
Will you cooperate with a buyer agent? If so this will cost you something for an agent to bring a buyer to you.
If this be the case you need to get your home out there on the marketplace. What you do not have that brokers have is the MLS. Or multiple listings service. However, many websites are a viable alternative to the traditional Multi Listings Service.
- Trulia.com
- Propsmart.com
- Oodle.com
- Craigslist.com
You can also create your own blog at Real Estate Bloggers.com or sites like Blogspot.com for a nominal fee or free.
These are just a few spots that will list your home. So that you can get as many eyeballs on your listing it is important to latch onto the traffic that these kind of portals can provide.
A Negotiated Sellers Representation. Have you considered negotiating on the seller commission? There are many flat fee companies that will list a for sale by owner home in the MLS at a small nominal flat fee. This can equal thousands of dollars in savings. Of course you are stuck doing all the other things that a broker will do for you.Like negotiating, managing the escrow/settlement, financing., etc. Basically, things that make the sale happen. Of course you can always negotiate on a line item or a la carte menu of service too.
Bottom line, is that you can use the MLS and all the online tools to really make your home get the best marketing possible. But you will have to do a little work. And no matter what you will be paying something. It comes down to a trade off between your time and money and convenience.