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For Sale By Owner

We've all heard stories about lucky homeowners placing a "for sale" sign in the yard, opening their front door on a Sunday afternoon and receiving a full-price offer at the end of the day.

If you're thinking of selling your home, you might be lured by these successful "for sale by owner" stories. After all, you reason, why pay commission to a realtor, when you could keep the profits all to yourself? But the reality of FSBO listings is far less rosy than you might think:

Many FSBO stories, unfortunately, don't have a happy ending. After a considerable outlay of time and money, sellers often list with an agent in order to get their house sold. Unless you have a sure buyer - a cousin or coworker, for instance - consider listing your house with an agent right away before it grows market-weary.