If you're thinking, "I should sell my house without a Realtor," the current real estate market and explosion of the Internet will make your job easier.
Sell My House Without A Realtor
You are known as an FSBO seller if you are looking to sell a house without a Realtor. The phase FSBO actually means "for sale by owner." Although FSBO sellers have always existed, they have become much more prevalent in the last few years due to two primary factors.
Hot Real Estate Market
An insanely hot real estate market has made Realtors somewhat irrelevant in many parts of the country. Homes in San Diego, California, for example, were known to be on the market for less than two weeks on average in early 2005. Try to remember that this is the average time it took to sell a home and this also includes the run down messes. In a market such as this, a lot of homeowners began to wonder why they were paying six percent commissions to a Realtor who didn't have to do much.
Using the Internet
Exploding over the last three or four years is the creation of FSBO real estate listings sites. As buyers and sellers became more familiar with these sites, they often searched online for homes instead of driving areas with a Realtor. This resulted in sellers wondering why they should pay a commission of 6 percent to a Realtor when a site like fsboamerica.org only charged $25 a month to list a home on the site. A lot of them couldn't come up with a reason.
Having No Realtor
The decision to sell you house without a Realtor is one you should make carefully. Being comfortable with the process would mean that going FSBO makes all the sense in the world. But if the negotiating process is something you are not comfortable with, then how about considering using a Realtor? The first step you need to make is to buy an FSBO book in your local bookstore or visit an FSBO site and read up on what is involved.
