Hire we have Myths About for Sale by Owners
- For Sales by Owners aren’t serious sellers. A small minority might be testing the waters, but the majority of For Sales by Owners absolutely do want to sell their homes.
- For Sales by Owners are not flexible on price. Sometimes buyers think For Sales by Owners (FSBOs) can’t afford to hire a real estate agent; they need every dime out of the deal and won’t bend on price. But according to studies by the National Association of Realtors, most For Sales by Owners get less for their homes than those who list with a real estate agent. For Sales By Owners are willing to negotiate. Since they don’t do it for a living, FSBOs are unlikely to be very good at it.
- For Sales by Owners are hiding material facts by not hiring a real estate agent. FSBOs are bound to the same laws that govern those who are represented by a real estate agent. These sellers need to give buyers federal- and state-mandated (if any) disclosures, including material facts. Source of information: www.thebalance.com