Depending on the locality and city, most of the time a realtor's commission is anywhere between 4% to 6% and it is really a huge amount. If you are an owner of the property and want to sale your house yourself, you have fair opportunities to get a part of the huge 4 to 6% commission yourself.
FSBO properties are well in demand in many localities and if you are an FSBO owner, you have can make a few thousand extra from the sale of your property. Assuming the cost of a medium size house in the range of $100k, the commission of the real estate agents will be in the range of $4000 to $6000 and even if you get a part (50 percent only) of this commission, you have a chance to earn extra money of $2000 to $3000.
Actually it is always recommended to do minor repair before you offer your FSBO house for sale. You need to invest some amount of money to beautify your house but at the same time don't initiate any major renovation work. The front lawn and park should be well maintained so that the customer gets good impression about the house.
You as an FSBO owner should also have a provision of keeping some money so that you can pay utility bills and mortgage for a couple of months once you decide to sell your property yourself. You need some time for sale of your FSBO house if you are initiating the sale yourself. You need to check the prices of the house in your locality and depending on the condition of your house, you can fix the price of your house.
In today's world it is the advertisement only, which can give you higher advantage than anything else. So, make a small provision of money for advertising the FSBO property so that you can sale your property quickly and that too at the desired rate. Keeping in mind that if you sell your property yourself, you have an earning potential of at least 4 to 6% of the sale value, which would have otherwise taken away by estate agent. So, proper advertisement with excellent negotiating skill will definitely bring fruitful results from sale of your FSBO property.
