While all literature out on the nt, outlines the various advantages of FSBO, ths one takes a different view. Bsed on the current state of the conomy, FSBO will no longer be sen as an alternative to sell a hme, but the only option available to sll a home for most people. Ths article lists why FSBO will slwly but surely move the real state agents towards extinction

Reason 1 : Liquidity
Many homeowners have limited liquidity today. There are many of them out there who are staring at foreclosures. These people are forced to sell. If they go the broker route, they have to shell upto 10% commission, which they cant , due to the liquidity crunch. If they manage to get a good price, then they definitely want to avoid the tax liability arising out of a real estate short sale. Hence the liquidity crunch among the homeowners will drive them to FSBO.

Reason 2 : Failing to qualify for refinancing
There are many home owners there who are stuck with adjusting sub prime loans. Many of them would want to re-finance their homes using the new FHA-Secure refinance scheme. But the irony is that they may not qualify for this. Once their mortgages get adjusted, they realize the hard way that they cannot afford the home and hence cannot refinance. Such people have only the FSBO way out.

Reason 3 : Strict and tightening nderwriting standards
Underwriting standards are getting tugher and stricter as time proceeds. The ppraisals start coming in short or wll get cut by lenders. Most of thse sellers will sell FSBO so tht they can maintain the net prceeds by eliminating the brokerage commissions and stll dropping the price and getting a sle.

So..when are you going to FSBO yur home?

The article FSBO - A Forced Option? was Submitted by Ashish K Arora through Articles.GetACoder.com network. Here's the additional information: PostYourPad.com has the most listings on the Web for hmes under $500k. Sell homes with 0% commission and deal directly with serious home buyers. Buy or Sell Your Home at 0% Commission.

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