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"For Sale By Owner" BEWARE
In a down market there are many sellers out there looking to save a buck or two by selling their home on their own. Many seller's think that if they just pay a small fee to put their home on the Multiple Listing Service they will be able to get an offer and sell their home for a lot less money than paying a real estate commission. Also in today's market there are many seller's that are upside down in their home and they will have to bring money to closing if the list it with a REALTOR. If you are a seller currently considering selling on your own I hope you will continue reading.
I personally think that a seller that is selling "FSBO" for the purpose of saving money could end up actually spending more money in the process. Let me share with you how this can happen.
Typically, in a down market prices continue to fall,  so if a homeowner puts their home on the market as a "FSBO" it usually doesn't get the same exposure, showings, and traffic.  Typically after several months they end up putting their home on the market with a REALTOR.
In a declining ... more

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