Pros on selling by owner:
You get to meet everyone who inquires.
This is a good thing. Nothing shows how our economy is working better than hearing the stories of those seeking shelter.
As a owner electing to sell their home themselves, there will be no need to suspect an agent of redirecting a buyer or screening broke, unqualified, low-ball investors, renters, rent-to-own, lease/option and all those who just 'graduated' from the 'Graziaosi - get rich selling real estate' seminar. These paper hanging, assigners can get you tied up. You'll meet the all.
Another good thing about selling a home yourself is observing how the buyer (these buyers are looking to save MORE money than you are by thinking avoiding working with an agent will work in their favor) looking for victims will interpret that FSBO sign as a 'Come Right In" invitation. My experience has been buyers from NJ interpret any sign in the yard as an invitation to the back yard pool. It's unsettling to say the least.
Without a doubt, many home owners have been successful in selling their home themselves. These seller are mostly happy with their decision. IT would be worthwhile to note, other factors may have been in play, besides what is most beneficial to the home owner. Unfortunately, the mountain of failed FSBO sales tell a different story. Not everyone wins the race.
In my last race I was beat by 2 seconds by a seven year old!! That doesn't mean I'll stop running. (read my blog)
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
Chat with me on: http://www.RealEstateMadeEZ.us