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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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I got lucky, being referred to Caren by the realtor.com system as I searched for distressed properties. She helped me organize my search. She responded quickly to my requests to show a home and displayed great patience during my time consuming process of inspecting each home; even pointing out potential issues I hadn't noticed. She provided referrals to insurance and financing professionals. I'm happy with the house I bought and its price. I plan to use Caren to sell or rent the house and to help me find the next one. I found her honest, straightforward and a pleasure to work with. Rick W.
I researched many realtors and once I read about and then spoke with Caren, I instantly realized how professional and knowledgeable she was...definitely a cut above other realtors! I inquired Caren's help to sell my home and not only did she go above and beyond helping me get my house ready and presentable to sell (I live out of state so there were many things needing done, including meeting with carpenters to yard workers, and in some cases doing some of the work herself, at no charge)! She topped it off by following through with her promise and selling the home in 6 weeks!!! I have done business with many realtors all throughout my life and throughout this great country. I could tell she genuinely cares, puts her clients first and is by far the best in this region, if not the country! Bottom line is she is real and has a big heart when it comes to her clients! Thanks again Caren, you alone made my transition stress free and showed genuine care! The next house I buy I know who I'm coming to....Caren Mulay! Hope all is well Sincerely, Eric Roth Eric Roth
My husband and I found Caren to be honest, efficient and straightforward, rare qualities in the real estate world. Linda W.
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