Oct 06
simply put
Over at the Real Estate Investing site, this interesting post explains the value of a FSBO, as it’s most simply understood:
“However, many homeowners still find it expensive to sell their property through an agent. And for good reason. Take a $200,000 property. If it is sold through an agent, 6% is $12,000. Thus, many hesitate to part with that amount of money. Nowadays, FSBO (For Sale By Owner) is becoming many of the homeowner’s preferred method of selling their home. This is largely because of the Internet, which continues to grow rapidly.”
October 6th, 2007 at 3:00 pm
Jane, why would anyone use a realtor? Most just list the property on the MLS and then wait and hope for another realtor to see it and want to sell it. I sold 2 properties using BuyOwner.com. They advertise all over the place and I always see their TV commercials. Are you going to review them?
October 6th, 2007 at 3:50 pm
Knox, I agree with you and found the same great service with BuyOwner.com. I’m working on a review and will post it soon. Thanks for visiting!
November 4th, 2007 at 6:58 pm
$12,000?!!?? I wouldn’t want to part with that either! 6% doesn’t sound like that much until you really do the math…