FSBO or a Real Estate Agent

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This decision is probably one of the first ones that will be made when a home owner is contemplating the sale of their home. Factors such as time and willingness to do the leg work will effect which selling method the home owner will choose. When houses are listed for sale by owner that generally means the home owner is required to do all advertising, open houses, pricing of the home, showings, as well as negotiations and closing details. When selling a home FSBO it is vital that the home owner educate themselves on all necessary documents needed such as disclosure forms and other legal documents. Research and talking to mortgage brokers, real estate agents, as well as real estate attorneys can be a good way for the home owner to learn more about selling their home. There are also websites such as http://www.audrie.com/ and http://www.owners.com/ that offer tips and help for home owners who are selling their homes FSBO. It can be a lot of work to sell a home FSBO but many people do not mind the extra work especially if it means they do not have to pay a real estate agent a commission. Typically the commission for a real estate agent is somewhere around 6-7%. Hiring a real estate agent to sell your home ensures that the agent will list the house, do all the advertising, conduct open houses, conduct showings, represent you in negotiations, and finalize all closing information. Real estate agents also have knowledge of all necessary documents that are needed when selling a home.



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