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Selling_Your_Home___Alone_or_with_a_Broker_

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					Title:
Selling Your Home – Alone or with a Broker?


Word Count:
487


Summary:
How do you decide whether to sell your home (or land, farm, ranch, etc.) on your own or use a real estate
broker? There are pluses and minuses to each approach. Let’s look at some of the key ups and downs. Only
you can decide which approach has the most pluses in your situation.



Keywords:
fsbo



Article Body:
How do you decide whether to sell your home (or land, farm, ranch, etc.) on your own or use a real estate
broker? There are pluses and minuses to each approach. Let’s look at some of the key ups and downs. Only
you can decide which approach has the most pluses in your situation.


Why go FSBO?


“FSBO” stands for “for sale by owner” and tells buyers you are not using a realtor to represent you. The
biggest upside to going FSBO is you save thousands of dollars in broker commissions when you sell the
property. This may seem obvious, but the savings are very real.


The downside to going FSBO is it takes your time to market and show the property. (You’ll need to prepare
your property for sale in either case, but that’s a whole separate topic.) You also need to be familiar with
how the real estate sales process works in your part of the country. It isn’t necessary to be an expert; just
make sure you understand what things one must generally deal with in a real estate sales transaction.


Also, it’s important to have access to the helpers you need. Examples include a lender who is willing to
qualify your prospective buyers, someone qualified and willing to draw the sales contract and a person or
firm qualified to close your sales transaction. Fortunately, there are many lenders and settlement offices
willing to work directly with the principals to a transaction. And, for the brave and hopefully, very
experienced, there are on-line, fill in the blank, sales contracts.


Why use a broker?


Does the above discussion leave you feeling insecure instead of alert, thoughtful, and excited? If so, you
probably want a real estate broker to sell your home for you.


Other instances when you may want to use a broker include:


1. Inexperience - If you have not had much experience buying and selling homes, a broker may be the
answer.


2. Local Conditions – Are you aware of the unique issues of the geographic location? If you have bought
and sold in Virginia (where termites and radon are concerns) and you are now planning to sell the one home
you’ve owned in Colorado (where water and mineral rights might be on the discussion table), it’s possible
you may want a broker.


3. Time, Time, Time - If your profession provides for you and your family very well, but takes up enormous
amounts of your time, ditto.


4. If you have no notions about how you’d go about marketing your home using the Internet, magazines,
newspapers, bulletin boards, brochures, signs, word-of-mouth, etc., a broker can get you the marketing
exposure you need.


The Right Choice?


There is no one right choice. Only you can decide what’s best for you. Hopefully, this look at the pros and
cons will get your mental juices flowing nicely. I hope your sale goes smoothly.




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