Selling your home FSBO (For Sale By Owner) is a process by which a homeowner sells directly to a buyer without the involvement of a real estate agent. This can have some advantages and disadvantages depending on your situation and preferences. Here are some of the main pros and cons of selling your home FSBO:
Pros:
You can save on the listing agent commission, which is typically 3% of the sales price12. This means you can keep more of your proceeds from the sale.
You have more control over the sale, such as setting the price, choosing the marketing strategy, deciding who to show your home to, and negotiating with buyers. You can also avoid potential conflicts or disagreements with an agent.
You may have a buyer in mind already, such as a family member or a friend, which can make the process easier and faster.
Cons:
You may have difficulty pricing your home accurately, as you may not have access to reliable market data or neighborhood expertise. Pricing your home too high or too low can affect your chances of selling quickly and profitably.
You have to handle all the tasks and responsibilities that an agent would normally do for you, such as preparing your home for sale, marketing it, showing it, negotiating with buyers and their agents, handling the paperwork, and closing the deal.
This can be time-consuming, stressful, and risky if you are not familiar with the legal and technical aspects of selling a home.
You may have less exposure to potential buyers, as you may not be able to list your home on popular websites or platforms that are exclusive to agents. You may also miss out on the network and connections that an agent can provide to attract more buyers.
As you can see, selling your home FSBO has its benefits and drawbacks. Ultimately, you have to weigh your options and decide what works best for you and your goals.
With Foxy Home Buyer it's almost the same as selling your home FSBO. You don't need to pay Realtor Fees and sometimes we can also handle the closing costs. You don't need to wait, call us right now at 866-404-3699 and we can give you an offer as little as 9 minutes. If by chance we failed to pick the phone up, you can fill-out the form on our website www.foxyhomebuyer.com and we'll call you back regarding your property as soon as possible.
"The Mayora"
Krissie M
Customer Relations Manager