Honestly, unless you are independently wealthy, you need to save as much money as you can if you want to buy a house. There are many reasons for wanting as much money saved as possible.
You don’t think you can save any money.
Before you decide that the real estate market is really improving and you could sell your home FSBO (For Sale By Owner), you should take a look at some FSBO statistics. The main reason sellers choose FSBO is to save on money, aka, commission but in the end IF your home sells, have your really saved anything? You are trying to save yourself the realtor commission but in the end when you figure all the work you have to do yourself to market your home correctly, hiring a lawyer to go over the paperwork with you and your sale price, have you really saved or lost? Keeping Current Matters put out the following graphic about FBSO sales based on statistics from Google and the National Association of Realtors. You can click on the graphic for a larger version.
You must be logged in to post a comment.