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Why do most For Sale By Owners FSBO Fail?

 
Why do most For Sale by Owners FSBO Fail? Understanding failures may help home sellers seek higher probability of success.
 
Failure to price correctly - It is usually because of the bottom-line price that most Sellers decide to sell their homes For Sale By Owner. Here in Texas, we are in a non-disclosure state, which means the sold prices of homes are not publicly published. We feel that it is nobody's business how much someone pays for his/ her property. With that said, it makes For Sale By Owner sellers find it challenging to find out how much his/ her neighbor sells his/her house for.
Sites as such Realtor.com, Trulia and Zillow may give a For Sale By Owner a sense of how his/her neighbor is pricing the property, but in the real estate business, we know more people (including Realtors) are more positive about pricing their Frisco TX home than what it really can bring.
Because Texas is a non-disclosure state, Zillow with its Zestimates are not accurate. Zillow comes up with a mathematical formula based on what it thinks the owner has a mortgage and other external factors to guess its market value. What if you were ... more

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