Monday, July 11, 2005

For Sale By Owner

Nationally only about ten percent of property owners successfully sell their own homes. There are several really good reasons for this low percentage. Not being prepared to deal with an onslaught of buyers who perceive FSBOs as targets for *low balling* is probably the biggest reason. "Target" is a good designation for those who put up a For-sale-by-owner sign in the yard, because there are lots of folks who "prey" on them for a living!

The challenge of selling a home is screening unqualified prospects and dealing with low-ballers. It often goes unnoticed that much time, effort and expertise is required to spot these people quickly. Settling for a low-ball bid is usually worse than paying any type of professional fee or commission.

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