Welcome to FSBO-RealEstate.com! We've been allowing FSBO home sellers to advertise their For Sale By Owner real estate since 1998. Create an account today and list your home for sale. Have questions? See our frequently asked questions page.
For generations, it was assumed that a real estate agent was necessary in order to sell property. In general, a broker or agent would take as much as 6% of the commission. As the property market favored sellers a considerable amount of the time, the seller usually came out on top even with the agent’s chunk of cash taken into account. Yet today’s market is balanced in favor of buyers and suddenly, 6% seems like an awful lot of money to lose.
The idea of selling the property yourself is gaining speed with an estimated 13% of American homes sold by the owner. Properties like this are known as For Sale By Owner (FSBO). Traditionally, you would pay ,000 in agent’s fees on a 0,000 property. Do the work yourself and you reap all of the rewards. If you are in no hurry to sell, FSBO could be an extremely alluring proposition. After all, there is nothing better than earning your own cash.
Why Go Down The FSBO Route?
The prospect of pocketing 100% of the purchase price is enough for most people but there are other advantages. More cynical property owners are of the opinion that real estate brokers and agents do not try hard enough to get the best price. The difference between 0,000 and 0,000 is ,800 for the agent but ,200 for the seller assuming a 6% commission. As the agent will already get ,000 from the sale, he/she is not inclined to waste time when other houses are waiting to be sold. Therefore, it’s unlikely that an agent will recommend waiting an extra month or two for new buyers to offer a few thousand dollars more.
In addition, FSBO advocates have a plethora of resources at their disposal that were not available a decade or so ago. Before the advent of the internet, selling your own home was hard work and involved posting the ‘For Sale’ sign on your lawn, taking out adverts in newspapers and real estate magazines and perhaps asking friends and family to spread the word. The Multiple Listing Service (MLS) available to brokers who shared listings with one another to find matches for buyers and sellers was unavailable to those who opted for FSBO so they were at a distinct disadvantage.
However, the landscape has changed immensely in the last few years and the power no longer lies with real estate brokers. There are an increasing number of online real estate services. Now, it is possible to reach hundreds of potential buyers online where they can get a virtual tour of the property through pictures and even videos. You can now use the MLS on some of these sites though you may be asked to pay a commission fee of 2% or thereabouts which kind of defeats the purpose of FSBO sites!
The potential to save tens of thousands of dollars on the sale of your home is now realistic. Although you may have to play the waiting game, selling your property by yourself is nowhere near as frustrating as it once was. If you like to do things your way, FSBO websites are perfect for you.
We've helped thousands of ordinary people to sell their homes and land since 1998. By keeping our fees reasonable and our service top-notch, we've made a lot of friends over the years. Create a free account today and list your real estate for sale.
I saved $11,000 by selling my home myself on your site. Thanks so much! - Mary J.