Homes For Sale By Owner 1.0

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When you are selling your home, you can either go the traditional route and pay a real estate agent around 6 percent commission, or you can join the growing do-it-yourself trend. "Homes for sale by owner" or FSBO (that's For Sale By Owner) is where private houses are put on the market and promoted without using the services of a realtor.

More and more Americans are choosing the FSBO option, according to statistics. Perhaps you know someone who has sold their house this way. Sure, there is more work involved but consider the massive savings available by doing the job yourself.

Even without a calculator, we can see that's a $6,000 savings on a $100,000 house which escalates to a saving of $24,000 on a $400K house. Even if you share some of that with the buyer by way of a reduction at the last minute to seal the deal, you come out ahead - and so does the buyer.

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