Sell My Own House

Another Great FSBO Tip

Once and awhile during a sell my own house experience, I think we all need a little motivation. Is it all worth it selling for sale by owner?

Lets look at the two outcomes of selling for sale by owner and selling through a broker. We will assume the broker will charge you 5% commission and it took you 75 days to sell in both cases.

We will then look at how to cover ALL of your expenses on sell my own house, should you later decide to list with a real estate agent.

I'm going to use a tax rate on services at 6%. This will of course vary depending on where you live.

We will just deal with the costs to sell my own house, as everything else

such as legal fees, moving etc. should be basically the same.

You may pay a small bit more for legal services in some cases.

Commission: 5% of $325,000.00 = $16,250.00 + 6% taxes = $17,225.00

Internet ads, signage package = $350.00 + 6% taxes = $371.00

Local newspaper ads over duration of sale = $1100.00 + 6% taxes = $1166.00

Flyers, forms, gas and other misc. Items = $200.00 + 6% taxes = $212.00

Total costs to sell in 75 days = $1650.00 + 6% taxes = $1,749.00

In this example you would save $17,225.00 - $1,749.00 = $15,476.00!

This is actual money in your pocket. Think of how you would feel if tomorrow you received a cheque in the mail for fifteen thousand, four hundred and seventy-six dollars with no strings attached.

That money is not the complete picture either. You now can take that money when you sell my own house and invest it to compound it further.

If you purchase another property and use this money to put more money down on your next house, it will save you thousands more, or lower your mortgage payments.

You may just want to use the savings for a dream vacation, or to renovate your next house. You may want to purchase a hot tub as your reward. It's your money. You decide!

First of all, if you follow the entire program of sell my own house, that shouldn't be a problem. If you want to review the whole FREE program go From Sell My Own House to the Home Page Here

Keep in mind that this program had the same success rate as the real estate agents had when I ran my for sale by owner company. 95%!

I honestly believe that number would have been 100% except there was a few customers I had, about 5%, that just doubted themselves. It hurt me that they switched over to an agent, but that was their choice.

If you become a Doubting Thomas and decide to list with a broker, here is what I suggest you do.

• Add up your total expenses while trying to sell for sale by owner.
• Approach a real estate agent of your choice.
• Negotiate the best commission rate.
• Ask them if they would sell your house at that rate, MINUS your expenses.
• Repeat if necessary until you find an agent willing to accept your terms.

Using the above plan of sell my own house, you can try for sale by owner and even if you decide to list later with a real estate agent, it would have cost you nothing money wise. Your only costs would be a bit of your own time.

I will repeat myself again. It should be totally unnecessary to switch to a broker. I only cover this plan because I know a certain percentage of you will regardless.

This way, you won't be moaning the blues about the money you spent and still had to pay a real estate broker.

I hope this page helps some of you, that need a little push to keep on keeping on. :)

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