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FSBO
For Sale By Owner
An
owner who is attempting to sell real property without a real
estate broker.
Pronounced
"Fizbo" is probably one of the most popular words in
real estate. This is because many home owners think they
can make a killing by selling their own home and real estate
agents are always fearful of suddenly losing their 7 percent
commission.
Actually,
the Fizbo market is typically neither of these things.
Most home owners that try and sell their home without a real
estate agent do not succeed and eventually give up, thus real
estate agents have not really been hurt by the Fizbo
market. However, if home owners actually knew the three
simple steps that will allow them to sell their home without a
realtor and save thousands of dollars, things could be
different.
- Sell in the spring.
Put your home up for sale in early spring (late March or
early April is best). Because of the timing of the
school year (it ends in May in most places), spring
weather and the length of time it takes to find and
purchase a home, a huge number of potential home buyers
show up every spring. You have a much greater chance
of selling your home quickly in the spring.
- Price it to sell.
This is a huge mistake made by almost everyone that tries
their hand at the Fizbo market. Find out what
similar houses in your area are selling for and price you
home at or slightly below market value. For example,
if the average price of three bedroom, two baths homes in
your area is $100,000, price your home at $98,900.
You will sell it much quicker if you
follow this strategy and put it up for sale in the
spring. Ask yourself this question. Would it
be better to sell my home quickly with almost no hassles
and save thousands of dollars in additional mortgage
payments or would I rather try and make a killing on my
home, show it to hundreds of people and sell it within six
months or possibly never? If you are going to sell
your home on your own you must price it sell because you
do not have the power of a realtor of the MLS system
behind you. Remember, you will still make a lot more
money because you will not have to pay a commission so
price it to sell and you will sell it.
- Take out a compelling
add in the classified ads. A good, three line ad
in the newspaper at a cost of only $25 to $35 will help
sell your home almost every time. A poorly written
ad will not. Visit our real
estate investing page if you want more
information on how to sell your home on your own.
Whether you are buying or selling a home, simple real
estate investing techniques can net you thousands of
dollars and they work almost every
time.
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Will
You Be Able To Retire When You Want?
Real
Estate Investing can be one the safest methods to make a
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Many of the wealthiest people in the world created their fortune
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Succeeding
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-
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-
Selling
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-
Tax
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REITs
-
Rental
Property Management
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Real Estate Investor. |
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