FSBO(For Sale by Owner), what is it?
FSBO-For Sale by Owner is a DIY (do it yourself) approach to real estate. Instead of enlisting a Realtor to sell their house, homeowners are left to their own devices to list their property, schedule tours, and navigate all the paperwork.
Why FSBO may not be the best.
You won’t have access to all the resources you might need.
Real estate agents are the professionals in their field. Not only do they have a better understanding of the market, but they also have tools that can make sure your home sells. The paperwork involved in the process has increased significantly as business disclosures and regulations have changed over time.
It requires a lot of time.
For homeowners putting your home on the market is incredibly time-consuming. It can take hours of analysis to correctly price your home. It is not the homeowner who really sets the price; a home is worth what someone will pay for it. A well thought out plan also considers, the current market, recently sold homes and the agents approach to promote the sale of your home.
You may not make as much money
While homeowners taking the FSBO route skip paying a realtor’s commission, your home may not make as much money as it could if sold through a real estate agent. According to the National Association of Realtors, the typical for sale by owner home sold for $200,000 compared to roughly $265,000 for agent-assisted homes. Did you know? Realtors have a range of services and costs associated with them. Watch for a future blog about Real Estate services and their cost.
At Greentree, our real estate agents make customer service their top priority to better serve you. Sit down with one of our real estate professionals to discuss your needs, before you decide to take on the challenge of selling your house on your own.