For sale by owner (FSBO) is a method of selling your home or real estate without using the services of a real estate agent. The advantages of selling by owner are that you retain control over the sale of your property and, importantly, don’t have to give up your equity in real estate commissions. There are some things to keep in mind, however, with selling FSBO.
- Pricing
- Advertising
- Disclosures
- Real Estate Contracts
- Negotiations
- Inspections
- Settlement
How you handle these key aspects of selling real estate will determine whether or not you will be successful.
One thing that has made selling for sale by owner more viable over the past decade has been the proliferation of real estate websites dedicated to assisting by owner sellers. Companies that provide real estate products and services on an “as needed” basis give owners the information and tools needed to sell in today’s market without having to give up such a large chunk of equity to real estate commissions. So, for instance, if you just want to advertise on the Realtor® MLS and leading websites like Realtor.com, Trulia.com, Zillow.com, etc. you can purchase just those real estate services online for a flat fee. Home valuation sites allow consumers access to information that was once only readily available to appraisers and real estate agents. Real estate signs, lockboxes, contract forms and other by owner home selling tools can be purchased online and shipped directly to your door. In essence, everything that you need to sell your home or property successfully is now available to you online.
Tags: by owner mls, cma, For Sale By Owner, fsbo, fsbo advertising, home valuation, house values, how to sell a home by owner, selling by owner
