Selling by Yourself
A Florida company that helps For Sale by Owners (FSBOs) recently filed for liquidation. It reminded me of how much knowledge and skill is required to successfully represent sellers, especially in today’s market. Needless to say, if competent agents are having trouble getting their listings sold, it is that much more difficult for most owners who attempt to sell themselves.
Although it is understandable that homeowners who have little or no equity might consider saving real estate fees by going FSBO, the problem is that most do not know what they do not know, the definition of ignorance. This can lead not only to lower net proceeds, if the home even sells, but also to potential legal problems with the buyer.
For more information on this topic, see “FSBO Redux,” with links to three other articles on this subject.