FSBO has seen a sharp decrease in popularity since the market has shifted and the paperwork involved but it does not mean it cannot be done. A greater share of profit doesn’t come without its share of legwork, however. There is a large amount of work that comes along with selling your house by yourself. The hassle involved with selling by owner can take a toll financially and mentally.
Those who want to sell their home by owner should consider whether or not they will be able to physically show their property. You should also be aware of the worth of your home and be cautious about not receiving a bad deal. If you do research on your home, as well as the surrounding neighborhood, you should become comfortable enough with the numbers to set the desired price and stick by it.
While you don’t have to worry about your profit suffering from a REALTOR’s® fee, you will do all the hard work yourself. Also remember, your home needs curb appeal to sell. This means repairs, updates, or renovations need to be completed beforehand, which could cost you time and money.