In my experience, I had spoken to few Toronto FSBO / For sale by owners or Private home sellers, some of them sold their property for quick money to get out of the stress due to their situation. I would advise them to consult a professional Realtor instead of selling for lower price from the fair market value and ending up on losing money.
Does a Toronto fsbo, Toronto for sale by owner, Toronto private home seller (he/she) know what are the responsibilities?
I doubt if any seller aware of that completely. Does the FSBO For sale by owner have Insurance? NO!
Risk Of For Sale By Owner: 100s of unknown calls, Low quality real estate and mortgage agent calls, Stress, Theft & Personal Injury When you are Selling Privately! Do you need this?
When it comes to selling a home privately, many people are enticed by the fact that they can save some real estate brokerage commission, otherwise have to pay out if they hired a professional to sell their home. Of course saving a commission is a huge saving. But buyers are very smart especially the investors.