Many people have asked whether or not FSBO's are really worth the time and effort involved in the sale. The simple answer is, Yes!
It stands to reason that the FSBO industry is based on some amount of success or else it would never have grown to the size it currently is.
Consider these numbers:
- 5+ Million homes sold in 2016
- 8% were sold by owner (for sale by owner)
- 90% of home sellers who listed FSBO will list with a real estate professional (usually within 4-6 weeks)
The resolution to this problem is the education of sellers. For years people were convinced the only way to sell a home was to contact their local realtor and then wait for the offers.
It can be hard to trust someone in such a way when nothing appears to be happening. But you can trust yourself, right? So, why not give yourself the tools you need to become your own real estate, agent?
Start investigating the rules and regulations concerning real estate contracts and conveyance. Find out about liens and easements and inspections. In selling your own home there are a lot of hats that you will have to wear. Of course, it never hurts to get legal advice and guidance from a lawyer educated in real estate law.
