A FSBO means that the owner is selling the property without the help of a listing agent or broker.
FSBOs usually fall into one of two categories:

• The buyer and seller know each other. If you are selling to a family member or friend, you might find it easy to sell without an agent.
• The seller wants to save money and try to go at it alone. This includes listing, marketing, and showing the home, as well as negotiating the terms of the contract and organizing all repairs and documentation required to get the transaction to closing.

There are some drawbacks to selling your home yourself. Many home sellers try to FSBO their home at first and end up hiring a professional after a while. Unless you have an extensive background in real estate, you might not be able to effectively handle all of the aspects of getting the home ready to stage for viewings, setting a fair price, marketing the home, negotiating the terms of the contract and other details. One of the biggest drawbacks is that you do not have access to the community of real estate agents with ready to go buyers, as a professional Realtor would have access to. There have also been many studies that show that homes sold with the help of a Realtor sell for 6%-10% higher price than homes that are sold without the expertise of a Realtor.

The first thing that needs to happen is the buyer needs to place a loan application with a lender and get their earnest money deposit in to the escrow agent. All inspections will need to be scheduled and any items that may be needed such as a survey, elevation certificate, or home warranty will need to get ordered. Be sure to give us a call to make sure we have all documentation we need from you to get the title work in order.