| There comes a time for many homeowners that they | | | | agent as a down payment on your next home, a |
| must sell their homes. Some of the most common | | | | much-needed vacation, or as savings for a rainy day. |
| reasons are job relocation and moving to a larger | | | | Why would you pay money to someone else when |
| home. No matter the reason for selling the home, there | | | | you can keep it for yourself? You wouldn't. |
| is a process the homeowner must go through to close | | | | Since you don't have to worry about paying a real |
| the deal on their home. | | | | estate agent, you can set the price of your home at a |
| Homeowners selling their homes have two choices by | | | | more aggressive level. The price of your home can |
| which they can transact the deal. One option is to use | | | | easily be the difference between selling within a few |
| a real estate agent, a licensed professional that has | | | | weeks and selling within a few months. When you |
| experience in finding buyers for homes. The second | | | | discard the real estate agent's commission, you can |
| option is for the homeowner to sell the home without | | | | easily lower the price by a few percent and still make |
| the assistance of a real estate agent. This process is | | | | a profit from the sale, provided the market is favorable. |
| known as for sale by owner, or FSBO. Selling the | | | | The lower the price, the quicker you can sell your |
| home FBSO has several benefits. (See a website | | | | home. Be careful not to lower it so far that you don't |
| here | | | | make a profit from the sale. |
| One of the immediately noticeable benefits of selling a | | | | In addition to saving money, by selling your Texas |
| home FBSO is not having to pay commission to the | | | | home FBSO, you have complete control over the |
| real estate agent. Real estate agents earn up to 6% | | | | process from start to finish. You make all the decisions |
| of the selling price of the home in commission. Of | | | | about the advertising methods, the prospective buyers |
| course, the higher the sale price, the more commission | | | | who view your home, the timing of each of the steps, |
| the real estate agent earns. | | | | as well as all the other aspects of the process. |
| When you sale your home without a real estate agent, | | | | Everything involved in the real estate transaction is |
| you don't have to pay someone else thousands of | | | | done on your time when you sell using the FSBO |
| dollars to do it for you. Instead, you can use those | | | | method. |
| thousands that would have gone to the real estate | | | | |