I have spoken with many "experienced" for sale by owner (FSBO) folks over the past decade or so. I believe the actual number of FSBOs I encountered was greater in the 2004-2006 real estate run up.
If you recall 2004-2005 was when everyone wanted to pay whatever just to buy a house!
When the market has buyers clamoring over each other and in bidding wars price does not matter (although appraisals did).
Still, all this market hysteria drove many sellers to go it alone. After all, the victory in being FSBO is saving the real estate commission, right?
Studies have shown on many occasions the savings yield by FSBOs is smaller than the proceeds gained by sellers using the services of a professional Realtor.
As 2018 begns I have read articles projecting tremendous increases in home prices this year. Who really knows for sure?
The best think a home seller can do is know the market now. To know the current market and projected values when selling call your local real estate expert.
Lastly, as suggested by the title....
The greatest reward of being a FSBO is...the ego sees success in "I did it myself!"
Ego seldom allows clear picture!
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If you recall 2004-2005 was when everyone wanted to pay whatever just to buy a house!
When the market has buyers clamoring over each other and in bidding wars price does not matter (although appraisals did).
Still, all this market hysteria drove many sellers to go it alone. After all, the victory in being FSBO is saving the real estate commission, right?
Studies have shown on many occasions the savings yield by FSBOs is smaller than the proceeds gained by sellers using the services of a professional Realtor.
As 2018 begns I have read articles projecting tremendous increases in home prices this year. Who really knows for sure?
The best think a home seller can do is know the market now. To know the current market and projected values when selling call your local real estate expert.
Lastly, as suggested by the title....
The greatest reward of being a FSBO is...the ego sees success in "I did it myself!"
Ego seldom allows clear picture!
==============================
If you are considering a move to Brevard County, Florida, here are some articles which may also be helpful.
- How to be a buyer in a seller's market.
- Buying a house in Florida - A Language of Its Own!
- When Do You Talk to the Mortgage People?
- Buying a Home in Florida - Contract to Close in Twenty Steps!
- Buying a Home in Florida - Due Diligence is a Buyer Responsibility.
