Caveat Venditor “For Sale by Owner” (FSBO) Part 3Posted by Due South Realty on
By Andy Carter Jan 2018
Why I believe it isn’t a good idea to go FSBO: Money...
Money: First on the savings. Really? Most FSBO sales involve a Realtor on the other end and guess what, in the contract that they write the Buyer will make sure that the Seller is paying for their Realtor. That will be 3%. That’s $12,000 of that initial $24,000 savings. Your Benevolence Fund just shrunk.
Money Part 2: The Offer: It is not uncommon for the Buyer to discount your home by 6% or maybe 2%, since you are paying only for the Buyer’s Agent, but they realize you want some of that cash. So, your $400,000 is now dropped to $392,000. In this scenario you are saving yourself $4,240 because 3% of 392,000 + the $8,000 less on the…
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