Re: FSBOs. It's certainly an option for a seller. You have to pay out-of-pocket for any advertising. You have to be present (or have somebody else be present) for showings. You have to do all the legwork. But you can save paying a realtor's commission by selling a house yourself. However, there are potential pitfalls if both the seller and buyer are uninformed/underinformed about such transactions. Getting a third party involved (law firm, for example) to draw up an appropriate contract is essential. But even with that, a number of things are left to the seller and buyer to noodle out.......and get put in writing - things such as title insurance, home warranty, listing of house items included/excluded, any contingencies (home/termite/sinkhole inspections)........and who is paying for these items. If there is financing involved for the buyer and/or a mortgage to pay off for the seller, it's up to the buyer and seller to work these through to satisfactory conclusion - - - there is nobody else involved to do it!!
This is where having an excellent realtor involved can help make or break a deal. The realtor can take care of handling the items noted above. They can also address potential issues before they become problems, help arrange financing, inspections, and so on. And if problems DO arise, the realtor can intercede to get them worked through.
Pros and cons to any route you choose to go!
Bill
