FSBO - For Sale By Optimist
Don't Dream It's Over -- Crowded House
You don't need a realtor to sell a house. A title company can take care of most paperwork, and an attorney can draft the rest for a minimal fee. Realtors are supposed to be experts at sales and marketing, but if you possess these skills, there is no need to pay someone 6% to draft a poorly written property description and sit in your house on the weekends. You can do it yourself and save a great deal of money. There are advantages of to selling on your own. You don't have to base your asking price on comparable properties. You can make up a number and put the property for sale for whatever price you want. There is no neutral market observer to tell you your price might be too high. Who needs to pay attention to comps? Also, you don't have to worry about the time and money your realtor is going to spend marketing your home because you will pay all those expenses yourself.
Today's featured property has been featured on IHB before. The previous owner was unable to sell it using a realtor, and it went back to the bank in foreclosure. The current owners bought it from the bank. Surely, they will find the buyer who appreciates the unique qualities of this home and obtain their asking price. It is just a matter of good sales and marketing and a healthy dose of optimism (real estate optimism tastes best when mixed with kool aid.)
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