Don't give up! Check Out TourByOwner.com ... great high tech technologies to help folks market their homes for sale or for rent, using professional virtual tours. They also have an on line table box flyer program, activity reports, yard sign, etc. No real estate commissions! This kind of marketing tool is now finally available to for sale by owners! Good Luck!

FSBO is successful about 25% Or put another way; 3 out of 4 FSBO"S don't sell.
Of those that are successful, the average sales price is typically 15% below the market.
That's why I am always puzzled by the FSBO... the time it takes, the lack of results, the bargain hunters, the most dangerous legal exposure you'll ever (2nd only to driving) Quit being so cheap and hire profesional help... Or not; rent for awhile, watch the tenants trash your house while this flat market stays flat. Spend thousands curing the damage the tenants have stuck you with and sell next year for 2% less.

Some questions to consider: Why are you selling? Are you buying up? Is there any tax questions? rates are up next year on Capitol gains so don't be penny wise and pound foolish.

Hi Kim,

In our market right now it's definitely a buyers market. We have a large number of homes on the market and the buyers are being very selective. The keys here is visibility, price and patience. You need to market your home in as many ways as possible to make your home visible to as many potential buyers as possible. Then the price must be right. Buyers typically search for homes by price. If you're home is priced too high for what they perceive your home to be worth, they will walk on by. Finally the patience to wait for the buyers to come.

A couple of questions if I may,
1) How did you arrive at your asking price?
2) What avenues are you using to market your home? (Sign, Newspapers, fliers, Internet, etc.)
3) How long have you been trying to sell?
4) How would you describe the home's condition? It's curb appeal?
5) Would you buy your home for what you're asking?

Before giving up on selling, you may want to discuss it with a Realtor and get their opinion. I suggest talking to at least three. That would give you better information with which to make your decision.

As far as renting goes, the decision will be easier with good information to base it on...

All the best...
Duke

Kim -

FSBO's are tough..sometimes they go really well other times they won't. If you can get enough rent to cover your payments and can afford to carry another place it may not be a bad idea to rent in this market.

However, if this scares you or you really want to just sell it...talk to some local realtors. See what they think you could get for the place and what type of support they may be able to give you in selling it. Often times you will see much more exposure and response by listing with a realtor who properly markets your home.

Don't get discouraged with the lack of response...it may just be something small that needs to be done. Stick at it and talk to a local expert for advice!

What are you doing as far as marketing is concerned? Is the price right? are you offering a commission to buy'ers agent? No activity likely means no/little advertising or overpriced. Could be other reasons but the above two are most likely.

Hi Kim,
Your home will need maximum exposure on the internet to sell...and if it is tucked away from main roads then having signs is required for the local population to find out about it but you must pay attention to city/county/town ordinances because there are fines if you place signs in areas not allowed.
best of luck
Mary