For Sale By Owner in Guilderland, NY
Selling a home in Guilderland, NY and thinking about foregoing the real estate agent? For Sale By Owner in Guilderland, NY or FSBO (pronounced fizz-bo), is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agent’s commission.
6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get a savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.
Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent. Before listing your Albany area home for sale, consider a free market analysis to determine a fair asking price.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?
Selling with a professional agent has other advantages, as well. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites, where not only homebuyers, but other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.
So before you decide to sell your home yourself, consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.
Would you prefer to work with a professional real estate agent? Call CM Fox Real Estate at 518-861-7030 or contact us for real estate services in Albany, Guilderland, Latham, Schenectady and beyond.