FSBO – How to Sell the Buyer on Your Asking Price
When determining what kind of an asking price to attach to a fsbo home, there are several points to consider. Because you have omitted a third party a real estate agent asking price can be more flexible. Still, you need to be sure the price you set on your home is reasonable and fair for both you and the buyer.
Get an Appraisal
Obtain a house appraisal from a qualified appraiser. One recognized by lending companies and banks. Interestingly enough, banks and mortgage companies do not lend money to homebuyers based on the value attached to the property by a real estate agent. That is because they do not consider real estate agents valid appraisers. And for good reason.
Most of the time, a real estate agents comparative market analysis does not represent the true market value of a home. Therefore, protect yourself by getting an appraisal done by a professional appraiser, one that will give an accurate, unbiased appraisal of your home.
An appraiser calculates a propertys worth using a direct sales comparison approach based on the actual selling, not asking price, of...
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