Save Commission By Using For Sale By Owner
Learn how to Save Commission By Using For Sale By Owner, by adding your property for sale to a leading For Sale By Owner Website.
The are several ways a seller can save on the costs of selling a home in a world where buyers are buying internationally, allowing sellers to save often thousands in commission fees, especially in a ever growing global market-place, and a shrinking world through web exposure.
If you are considering the for 'sale by owner (FSBO)' avenue to save commission and large ammounts of money, you might wonder what an FSBO commission looks like. There are several options you the seller can take.
1. Using just a legal respresentative when it comes to closing can work for buyers if they are 100% sure about the buyer.
2. Use an agent to close on the deal and compensate only one agent, paying the FSBO buyer's agent commission. Generate leads from websites and you can pass these onto the Agent who will qualify the buyer and proceed to the legal aspects of the sale.
Numerous popular websites let buyers search for homes. Put the FSBO home on as many of them as possible. Include plenty of pictures of the home and keep them current. Take pictures of the home throughout the year and show the most attractive seasonal pictures.
How much can you save?
Saving 3%, 4%, 5% of even 6% in sales commissions on a $400,000 home is worth between $12,000 and a wopping great $24,000. On a $500,000 home, the 3% savings is $15,000, and on a $700,000 home, $21,000.
A seller can pay a flat fee to list their home on For Sale By Owner Websites, and do the marketing and paperwork on their own to save.