USA Real Estate For Sale By Owner |
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Buy or Sell Homes FSBOBuying or selling Homes For Sale By Owner using the internet is much easier than in the past, however, selling by yourself does require an additional commitment of time and energy. Still, over one MILLION homes are sold by owner in the USA every year without the involvement of a real estate broker - as much as 20 percent of home sales annually are accomplished on a "For Sale By Owner" basis (also known as FSBO). These buyers and sellers save an average of $12,000 per transaction in commission costs. With knowledge, common sense and patience, you can sell your own home or buy a home directly from the owner and the buyer can save money while at the same time the seller can also keep more of their equity. Typically, a real estate agent or broker who lists and sells your home is paid a commission between 5% to 7% of the selling price. That means that if your house sells for $200,000, you would end up paying him/her between $10,000 and $14,000. The commission makes up by far the biggest chunk of the expenses associated with selling your house. If you sell it without the help of an agent, you save that money. An agent's commission, though based on the selling price, is paid out of the equity you have in your home. Therefore, if that commission costs you $10,000 and you only have $40,000 in equity in the home, the commission will take away 25% of your equity. If you choose to sell by owner, you protect your equity. Also, an owner is more motivated to sell the house for a fair price than an agent, who may be busy with dozens of properties at the same time |
Site DirectoryAtlanta Real Estate
- Find real estate for sale and special services for the Atlanta, Georgia Area. |
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