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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.

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Natalie Wallach
Broker/Sales Associate
International President's Elite
#1 Top Producer 1987, 1991-1997, 1999-2013

90 Crane Road
Mountain Lakes, NJ 07046

Main Office:  973-263-0400
Cell:   973-214-3187
Eve#  973-335-4248
fax:     973-532-0203
Email: Nat77777@aol.com


Awarded 2011 Business Person of the Year by Montville Chamber of Commerce, Voted 2011 & 2013 Five Star Realtor by New Jersey Monthly & Top 1000 NRT Associate
NJAR Circle of Excellence, 2004, 2013 Platinum Level
NJAR Circle of Excellence, 2005-2015 Gold Level
#1 Salesperson 1989,91-97,99-14
#1 Sales Team 2015
2013 Top 1% in Coldwell Banker
2014 Excellence Award Winner

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

Equal Housing OpportunityMLS membershipREALTOR® certification5 Star Professional