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 for a successful sale in both cases.

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Should I Sell or Buy First?

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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. Now that sounds like a great fsbo tip, right? :)

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.

The Real Estate Agent Sale

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

The Sell My Own House Sale

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 of marketing in 75 days = $1650.00 + 6% taxes = $1,749.00

Total Savings

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 property, 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 home. You may want to purchase a hot tub as your reward. It's your money. You decide!

But Doug, What Happens if My Property Doesn't Sell?

First of all, if you follow the entire program, that shouldn't be a problem. If you want to review the whole FREE program go to the Home Page

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 for sale by owner.

• Approach a real estate agent of your choice.

• Negotiate the best commission rate.

• Ask them if they would market your property at that rate, MINUS your expenses.

• Repeat if necessary until you find an agent willing to accept your terms.

It Costs You Nothing, But Some Time

Using the above plan, 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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