Morristown TN Real Estate For Sale ~ For Sale By Owner - A Good Idea?

By
Real Estate Agent with Elite Realty Group

For Sale By Owner - A Good Idea?

FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.

6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get a savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.

Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.

There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?

Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.

So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.

The Elkins Home Selling Team with Elite Realty Group provides services with Morristown TN Real Estate For Sale and Morristown TN Homes For Sale to home buyers and home sellers in Morristown Tennessee, Whitesburg, Talbott, Russellville, Sevierville, Bean Station, Dandridge, Pigeon Forgeand surrounding communities.

We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others. Each office independently owned and operated.

Elite Realty Group is a full service real estate company serving Morristown TN Real Estate For Sale, Jefferson City TN Real Estate For Sale, Talbott TN Real Estate For Sale, Russellville TN Real Estate For Sale, Grainger Co TN Real Estate For Sale, Dandridge TN Homes For Sale, Cherokee Lake TN Homes For Sale and Douglas Lake TN Homes For Sale.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Tennessee Hamblen County Morristown
Tags:
morristown tn homes for sale
morristown tn real estate for sale
morristown tn realtor

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
2,495,469
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

When it comes to trying to sell a home with out a professional it is always about the money.  The owner wants to save the commission, or they do not like the market values that the agents came in to submit.  They are only fooling themselves as the professionals know how to market a home to get is best exposure and consequently it's highest value.

Nov 28, 2016 05:53 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
624,984

Norma J. Elkins

Realtor - Elkins Home Selling Team
Let me assist you with your real estate needs
*
*
*
*
Spam prevention