For-Sale-By-Owner (FSBO)
Homes that are listed for sale by the owner, without the assistance of a real estate agent, are known as FSBOs (pronounced FIZZ-BO).
If you’re considering listing your property as a for sale by owner to avoid paying real estate agent commissions, a professional home appraisal can help you set a realistic selling price so your home will attract home buyers and gives you something concrete to show your potential buyers.
An overpriced home will not attract buyers and can waste valuable time and money.
A home appraisal can help determine a fair market value.
The appraiser can point out any needed repairs or deferred maintenance which may cause market resistance or lower the value. These items can be improved before placing the house on the For Sale By Owner (FSBO) market.
Potential buyers know you have an emotional attachment to your home. A professional real estate appraiser’s value will provide credibility to your asking price.
The appraised property value can sometimes be much more than the homeowner had estimated which could have cost them thousands of dollars.
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Express Appraisals Inc. provides Appraisals for Missouri (MO) and Kansas (KS).