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Thursday, July 21, 2005

FSBO Risk Ed. 101

Much indeed has been said about the dangers of for-sale-by-owner (FSBO) transactions, for both home buyers and home sellers. Toward dispelling the popular myths of the FSBO market, let us get one thing straight: the same resources that are available to Real Estate Agents can be available to home sellers and buyers. The difficulty lies in merely knowing where to locate those resources.

In spite of widespread nay saying, primarily from Real Estate Agents, for-sale-by-owner transactions are increasing in both popularity and practicality. Selling without an agent can save thousands of dollars in commission, while Agents would have us believe that the savings are not worth the risks taken. Let’s not forget the negative press coverage that successful corporations such as eBay got, for putting too much responsibility in the hands of non-professionals. And all the “risk education” we were given turned out to be a bunch of hogwash. EBay is wildly popular, successful, and (surprisingly enough) safe.

Good news: buying or selling your own home has the potential to be just as secure and exhilarating an experience as selling that old autographed Sandy Patti vinyl for 100x what you paid for it. In order to make selling your home as enjoyable and carefree as possible, there are indeed certain resources that should be taken advantage of. But the point is that they are out there, and you can sell your home “by owner” without having to sell by yourself, like many Real Estate experts would have you believe.

This is where FSBO companies come in. In order to provide their customers with the same security offered by Agents, FSBO companies on the whole do an excellent job of directing sellers and buyers to invaluable tools to assist you and your buyer in the process of purchasing your home. Among these resources in many cases, is the provision of the selling price trends in a given neighborhood. In this way, for a fraction of the cost of a Real Estate Agent, buyers can protect both their pocketbooks and their family relations.

katherine ellie
The FSBO Blog

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One Response to “FSBO Risk Ed. 101”
  1. Allyn Says:

    Hi…I happened to hit on your site…good stuff.

    In selling your home, why not keep it simple?

    Please review this site and get a free coaching call on how easily a FSBO can market their home and feel safe that the
    sale is fair to everyone.

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