We have all seen the for sale by owner signs when driving through neighborhoods. It is a popular option for the do-it-yourself homeowner, but what does a for sale by owner (FSBO) option actually entail?
People typically choose FSBO for financial reasons. When you sell your own home, you do not have to share the money with a realtor. The transaction is free of commission, and the seller keeps the profit. Online listing companies will accept FSBO listings, so buyers can find the properties. Owners who choose to sell themselves can advertise the way that they see fit and have more control over the process.
The National Association of Real Estate Professionals reports that almost 90 percent of homeowners use agents. Additionally, roughly 70 percent of FSBO listing have trouble selling. Many people are not sure how to best showcase their homes and handle potential buyers. FSBO listings can be successful, but it takes, planning and hard work.
Ask the Experts
Fortunately, we can assist in the process of selling your own home. We have different resources available that can give you a sense of direction and improve your chances of closing a deal quickly. Should you decide that FSBO is not your you, we can always steer you towards a qualified professional. Just reach out, and we will be more than happy to help.