We may be relocating soon and are considering selling our home For Sale By Owner--we have never done before this but prior (bad) experiences with realtors have provided strong motivation. Our home is worth around $800K and we have $400K in equity. We have no other debt and plenty of borrowing power and down payment at the ready, and would not need to sell this home prior to buying our next one, so we do not need to list the sale as a contingency for purchasing our next place. At the expected selling price the "standard" realtor commission for our current home would be a lot and again I am just not motivated to hand over tens of thousands of dollars for some paperwork and phone calls.
Has anyone gone through the FSBO process and have any lessons learned to share--pros/cons compared to using a realtor, etc.? Useful web sites to walk you through the process? (Zillow, FSBO.com?) I've known people who just said "I called up a real estate attorney and paid him to sign off on the standard contract and that was about it." Sounds good to me...but I realize there's a process involved that's important to understand. Thanks!!
Has anyone gone through the FSBO process and have any lessons learned to share--pros/cons compared to using a realtor, etc.? Useful web sites to walk you through the process? (Zillow, FSBO.com?) I've known people who just said "I called up a real estate attorney and paid him to sign off on the standard contract and that was about it." Sounds good to me...but I realize there's a process involved that's important to understand. Thanks!!
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