Why should I go FSBO? Why not?
When you prepare to sell your home, you can
choose between listing the property with a licensed real estate
agent and attempting to sell it on your own. If you decide to sell
the home yourself, your home is For Sale By Owner, or FSBO. Going
FSBO is a big decision, so you should weigh your options
- Better profit. When you sell
your home without enlisting the help of a Realtor, you don't have to
worry about paying someone else a portion of your profits. Instead,
you can keep all of the money for yourself.
No pressure. Real estate agents
sometimes pressure their clients to accept a lower offer or reduce
the asking price on their homes. If you list your home as FSBO, you
won't have to worry about this extra pressure.
- Advertising costs. If you
work with a Realtor, he will upload your home's information into the
national database of real estate listings. However, if you sell the
home on your own, you must pay to have the home listed and
- Limited exposure.
When you hire a Realtor, he will do everything he can
to sell your home. He may advertise it on his website, pitch it to
other clients or offer you advice to increase its appeal. When you
go FSBO, you won't have this added assistance. Furthermore, Realtors
won't be motivated to show your home because they can't earn a
- Longer time to sale.
Because of the limited exposure your home will
receive, it may take longer to find a buyer. Some buyers may be
hesitant to work with you because you aren't represented by an
agent, while others may be steered away from your home by their
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