If you're thinking, "I should sell my house without a realtor,"
the current real estate market and explosion of the Internet
will make your job easier.
Sell My House Without A Realtor
If you are looking to sell a house without a realtor, you are
known as a "FSBO" seller. FSBO stands for the phrase "for sale
by owner." Although FSBO sellers have always existed, they have
become much more prevalent in the last few years due to two
primary factors.
Hot Real Estate Market
An insanely hot real estate market has made realtors somewhat
irrelevant in many parts of the country. For instance, homes in
San Diego, California were known to be on the market for less
than two weeks on average in early 2005. Keep in mind, this was
the average time it took to sell a home including the run down
messes. In such a market, many homeowners started wondering why
they were paying six percent commissions to a realtor who didn't
have to do much.
Internet Use
The creation of FSBO real estate listings sites has exploded
over the last three or four years. As buyers and sellers became
more familiar with these sites, they often searched online for
homes instead of driving areas with a realtor. This resulted in
sellers wondering why they should pay a commission of 6 percent
to a realtor when a site like fsboamerica.org only charged $25 a
month to list a home on the site. Many couldn't come up with a
reason.
No Realtor
The decision to sell you house without a realtor is one you
should make carefully. If you're comfortable with the sales
process, going FSBO makes all the sense in the world. If you're
not comfortable with the negotiating process, then you may want
to consider using a realtor. Ultimately, your first step should
be to buy a FSBO book in your local bookstore or visit a FSBO
site and read up on what is involved.
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Article: Sell My House Without A Realtor Author: Raynor James Publication Date: 2008-01-27 Total Views: 240 Word Count: 300 Category:Home /
Real Estate / Selling
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