Tuesday, April 5, 2011

For Sale By Owner? In this market? - Baltimore Business Journal:

http://igen.eetimes.com/profile/Timok
So, after completely renovatinvg a three-story, 90-year-old rowhouse in Cantoj to showcase appeal, he put it on the marke t — himself — in March for He figures the for-sale-by-owner efforg will be worth themoney he’ll save in real estatr agent commissions: 6 percent of the sale or $34,440, if a prospectivse buyer comes to the settlement tabl e without a Realtor, half that if the buyer brings an agent. Given today’s tough economy and fallin home prices, the prospect of savingy 6 percent ofa home’s sale price by completingb the transaction without a Realtor may sound enticing to any cash-conscioua homeowner.
But is it worth the especially in this tighthousing market? Buyers can afford to be pickier than ever, banks have become highly selective about lending money and a sale is far from a sure thing — in any market — until the buyer and seller both sign the settlementr papers.

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