FSBO pros and cons on my primary residence
Hello fellow BP'ers, I have a strategic question on selling my current home myself instead of going through a RE agent. Has anyone done this, and if so what can I expect for challenges by doing this? The goal is to use the equity from the sale to purchase a multi-family and house-hack for a short time until my girlfriend and I are in a position to get married and move in together.
I expect that there will not be a suitable multi-family for purchase for quite some time, and I really think this is probably not a good time to buy, so short term I expect I will need to rent while I look for the right cash flowing property.
FSBO seems like a great way to keep that 5% that goes to the RE agents, but I'm concerned that this could get me into trouble since I have no idea what I don't know by doing this.
Thoughts?
Steve