As far as the FSBO is concerned you will definitely find out that FSBO has some advantages as well as pitfalls. The biggest advantage with the FSBO is the 6 commission which it saves for you. But you should have an idea that what the real estate agent do for you. I must say that he really do so much that you cannot really neglect his presence. If you finally decide to go for the FSBO then you will have to make sure that FSBO will require a lot of headache. Some of the people do manage some how. But while doing it they might make some mistakes.

I would like to give a list of mistakes which you will find out very soon to be among the common mistakes which the people commit while going through the FSBO process.

1. Property value
You should really know that the biggest problem which the person faces while doing the FSBO deal is related to fixing the property cost. You can get emotionally carried away while deciding your property value. You might tend to ask for a much bigger amount since you might think that you property cannot be so cheap. You can be right as well but you should know that the deal should be done according to the market. You will have to think from your mind and not from the heart. Whatever might be the reason one thing is for sure that you will have to take some factor into account while deciding that which property value is best.

You will have to take into account the market value of the houses which are similar to yours and note it down. If you can handle the phone calls from the agents then you should really make sure that you have some CMA’S done by the real estate agents. This will really be a great help for you in deciding the actual value of the house. But I would really insist that you should not get emotionally carried away. It can really spoil your deal.

2. Finding approved buyers
Another big mistake which you can make is finding the potential buyers. This can be done by checking in advance that they have got the finance ready. You can check whether their loan has been sanctioned or not. If you will not do this then you will find it very soon that you and al the requirements for the deal are ready but the buyer suddenly admits that he does not have the required sum of money ready for the deal. He might ask for some time. This will really be a great set back for you and I must say that you will definitely find your time being wasted in the process.

Hence I would really advise you to keep all these points in your mind and make sure that you do not make such mistakes.

Tags: beware of these mistakes, common mistakes of fsbo, fsbo mistakes