Selling A House On Your Own - For Sale By Owner

With the potential rewards that can be gained by saving $4000, $8,000, $12,000, or more by not having to pay a brokerage commission, many people wonder why 20% of home sellers don't undertake the task of selling their houses on their own. Possibly it has something to do with expertise. Many home owners who consider a self sale of their house back off when they see the level of knowledge and commitment that is needed to do an effective job with fsbo advertising. If you decide, however, that self-selling is the best option for you; you will find the vast majority of the information on our web site to be of value. Most of what you will find here will be geared to doing the job yourself. The most successful home sellers are those who take an active role in the process. If you feel that the best route is to sell your home yourself, then having as much information at hand is crucial.

Advantages Of Selling A House On Your Own

• There is no brokerage fee (commission) to be paid. You receive all of the proceeds.
• You are in total control of the transaction.
• If mistakes are made, they are your own. Who better can represent your home then you, the homeowner, who has had a relationship with the property for years. Brokers know nothing about your home. Generally they take one quick look and cannot point out benefits that you can reveal to potential buyers.
• If your equity is low, you may be able to sell your house without having to write a check.
• You are always available at the home for showings, answering inquiries, etc.

Disadvantages Of Selling A House On Your Own

• You must rely on your own instincts, however, with your ISMH customer service rep to advise you, you're not alone in the process. FSBO advertising can be easy.
• Without all the tools in hand, you may under price or overprice the house.
• Determining if a buyer is in fact qualified. ISMH only sends Pre-Approved buyers to you.
• As you approach negotiations, you must sever emotional ties with your house.

Hints on Selling Your House on Your Own

• List your home on www.isoldmyhouse.com
• Establish an accurate value by using an appraiser.
• Familiarize yourself with offers and contracts now--don't wait until you have one in your hand.

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