In today’s current market, many home owners are attempting to sell their own home, in hopes of saving the commission fees. But are FSBOs (for-sale-by-owner) really saving money?
Although some home owners have successful managed to sell their own home and save money, many others have lost money and time. The National Association of Realtors (NAR) have reported that home owners who have been successful at selling their own home, have actually lost money by under pricing their home 10 - 15 percent below their true potential. At the same time, agent assisted home sales have sold for at or above market value.
The issue that many FSBOs have is in setting the right price, staging the property for top dollars and dealing with the necessary paperwork to close the deal.
