Is it possible to list property for sale by owner?

Asked by Kristine Mainville, 85739 Sun Jul 27, 2008

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Betsie Taber, Agent, Lakewood Ranch, FL
Sun Jul 27, 2008
Hi Kristine,

To answer your question, yes it is possible. Is it advisable to go the FSBO route? As an individual who sold 3 houses privately before becoming a Realtor, my answer would be a reserved yes. I realize now that I could have done much better with a good Realtor. But if you want to go the FSBO route, please do yourself a favor: give a 3% co-broke to any realtor who will bring you a buyer. Otherwise, your chances are not very good.

Good luck
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Keith Sorem, Agent, Glendale, CA
Sun Jul 27, 2008
You want to net as much as possible, right? So you should know that when owners sell without professional representation, 5% of the time they sell to someone they know, 5% of the time to someone they don't know, and 86% of the time they list their home with a Realtor.

So my recommendations are:
1. Try to sell it yourself. Bear in mind that homes sold by owners without professional representation sell for 15% LESS THAN those sold by Realtors.
2. Interview three Realtors, ask them for an Estimate of Seller's Net Proceeds. You run the numbers. If you are unable to sell on your own, then you have a back up plan.

Ask your friends, family members, and business associates for a referral. If you need a referral, contact me via my Trulia profile and I will find you a top Realtor in your area to help you.

Good Luck
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Celena Neely, Agent, Houston, TX
Sun Jul 27, 2008
It is possible to put your home for sale by owner. You can even use one of those programs that helps your sell your home yourself, but remember, selling your home is selling one of your largest investments, and often you make more on a home when you have it properly marketed and priced based on your current market's activity. I know that if you are considering selling your home on your own, it is because you do not want to pay realtor's fees, but they are typicall about 6%, and statistics show that people make 10-12% more with an agent, so you make more, and you pay the agents...however, remember you get waht you pay for, if you use a discount agent, you will get discounted results!
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