The Key to For Sale By Owner is Education
The biggest mistake I see with FSBO's (for sale by owners) is they don'g get fully educated before they make decisions. If you are indeed going to beat the system and sell it yourself and save money you have to get educated before making key decisions. This includes even if you are going to sell without a realtor.
The problem is many people like the idea of FSBO but have never tried it and the flyer or website for the sign rental company is all full of one sided testimonials saying how great it is. But who puts the horror stories I have heard over the years. No body advertises how their product doesn't work. This is where numbers don't lie. People can say all they want but 1 to 2 in 10 FSBOs sell and many sell at about 92% of fair market value. This isn't for doom and gloom but if you're going to take on a project as big as selling your home you should at least know what is involved so you can do it smart.
The problem is the advice your getting is hearsay or from realtor owned FSBO sites that talk against realtors so you don't talk to their competition on to later sell you a listing after the FSBO sign didn't work. If it does they got a little money up front. These are lead incubation systems. They rent a sign, discourage realtor use then offer limited or full service to people when it doesn't sell. It's OK but many times you need unbiased information. I post on FSBO sites all the time answering questions for people who did all the things right and it's still not selling and they are wondering why. I don't care if you hire us or not, but we are going to educate people because that is what is really needed. When selling your home it is not a time to guess or trial and error. You can't afford bad advice skewed based on people wanting something from you. Keep reading our tips and understand at any time you can call us and get real advice for whatever your situation. I have worked with the FSBO market and talk all the time with people getting the real story good and bad of people actually doing it and not selling anything. Check out our website and contact us for help selling it FSBO or with a realtor.