Sale by Owner Option - Selling Your Own Home
Posted by Colleen Lane on
The majority of those who successfully sell their own property are the property owners who live in highly populated metropolitan market areas where property sales are more common. In a buyer's market or in rural areas it is much harder for properties that are for sale by owner (FSBO) to sell successfully. A buyer's market is when there are more home sellers than there are people to buy homes. This creates a situation where the homebuyers are exposed to a large range of property to choose from making it a more competitive market for the sellers. Homeowner's should opt for the FSBO option only where the local economy is doing well and it is a seller's market. To be considered a seller's market there needs to be more buyers then properties for sale. In a…
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