There are some circumstances that could spur people to come up with the decision to sell their homes. People find themselves in situations such as financial difficulties, extreme debt, divorce or any other major turn in life that could make them think of selling their properties. Although the sale of FSBO in real estate market is less than 20 percent, however if you are owner of a house and want to sell your property through FSBO, it might be a good option for you. In real estate market the majority of property is sold through agents and both the seller and buyer have to pay a hefty commissions on the deal.
Actually sometimes as an FSBO house owner, you might find it difficult to sell your house to the buyers if you are unable to list your house at the right site. Most of the time an FSBO house owner just put for sale board in front of the house and it is really difficult to attract the prospective buyers. The other mistakes an FSBO property owner commits when he or she put the sale listing at various places in his or her locality such as community centers, schools, parks etc. Actually the property listing should be done at certain websites. These websites might attract the potential buyers.
Most of the time FSBO property do not get proper price and you as an owner go to real estate agent to sale your property. The advantage of approaching real estate agents is that you get your property sold in less time as these agents already have a number of potential customers and therefore don’t take more times. Further as your deal is quickly finalized, you save a lot of money as mortgage installment and other repair and maintenance expenses.
The other advantage of real estate market is that, you generally need not worry about the price negotiations as the real estate agents do on your behalf with the buyer, but at the same time you should ensure that you get the bottom line you have fixed for your property. However, the main disadvantage is that for selling your property you have to pay hefty commission to real estate agents.
Portland Maine homes for Sale with Maine Custom Realty – They have Falmouth Real Estate for sale, homes in Scarborough and Cape Elizabeth, waterfront homes in the Portland area, and more! John Zappia and Dawn Marston, Portland Realtors, have years of experience helping people find homes for sale in Portland Maine.