Can a For Sale By Owner (FSBO) Be Successful?
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Attempting to sell your home today, on your own, is at best an uphill battle. Understanding the complexities of the market, home pricing, timing, marketing challenges, safety, legal issues and navigating the new TRID, all paint an interesting and challenging scenario for the “For Sale By Owner” (FSBO).
Selling your home on your own in today’s marketplace is akin to winning a championship game without a coach. Can it be done? Possibly. Is it the best you can do? Not Likely.
People desiring to sell their homes on their own typically have their personal reasons for doing so. Usually, it is perceived that one will save money on the sale of their home. While this may appear to be sound thinking at the surface, there are many reasons why this is not necessarily true, especially today. Industry statistics show that a home owner will typically net a higher sale price when utilizing the services of a professional Realtor®.
Let’s start with the TRID. This is an acronym for TILA-RESPA Integrated Disclosure rule. In a nutshell… it replaces the familiar HUD with a whole new level of complex rules and procedures that will affect your transaction. You and your buyer will...
Adam Silvera is the #1 New York Times bestselling author of Infinity Reaper, Infinity Son, They Both Die at the End, More Happy Than Not, History Is All You Left Me, and—with Becky Albertalli—What If It's Us and Here’s to Us. All his novels have received multiple starred reviews.
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