What is FSBO?
FSBO, also known as “For Sale By Owner,” is a popular method used by homeowners to sell their properties without the involvement of a real estate agent. In a traditional real estate transaction, sellers usually hire an agent who takes care of various tasks, such as listing the property, marketing it, and negotiating with potential buyers. However, with FSBO, homeowners take charge of the entire selling process themselves.
Choosing to sell FSBO has many advantages. First and foremost, it allows homeowners to save on agent commissions, which can be a significant amount of money. By eliminating the need for a real estate agent, sellers can retain more of the sale price for themselves.
Furthermore, selling FSBO provides homeowners with complete control over their listing. They can decide on the sale price, take their own professional-quality photographs, and write an enticing description of their property. This level of control allows sellers to showcase their property in the best possible light and attract the right kind of buyers.
Another benefit of FSBO is the ability to interact directly with potential buyers. Homeowners can communicate directly with interested parties, answer their questions, and negotiate the terms of the sale. This direct interaction can lead to a smoother and more efficient selling process.
To make the FSBO process even easier, numerous online platforms and websites are available that cater specifically to sellers who choose to go the FSBO route. These websites provide listing services, marketing materials, and additional features to enhance the selling experience.
For those considering FSBO, choosing the right FSBO website is important to ensure maximum exposure and reach a wide pool of prospective buyers. Some of the best FSBO sites offer powerful digital tools, unlimited photos, and various listing packages to cater to different needs and budgets.
Overall, FSBO is a viable option for homeowners who want to take charge of selling their properties and save on agent commissions. With the right FSBO website, sellers can maximize exposure, market their property effectively, and find qualified buyers. Selling FSBO has never been easier with the advent of digital platforms and tools, making it a compelling choice for those looking to sell their homes on their terms.
Table of Contents
- What is FSBO?
- Benefits of Using an Online FSBO Site
- BEST FSBO Sites in 2023
- Best FSBO sites, Flat Fee Realty, and Traditional Agent comparison chart
- Reasons Why People Choose Selling FSBO
- Is FSBO a good idea?
- Do not confuse the best FSBO sites with flat fee realty
- Why is selling FSBO better than with an agent?
- Pros and Cons of Listing For Sale By Owner
- How to sell your property with top FSBO sites like a pro.
- In Conclusion, Why Sell with a top FSBO site?
- FSBO FAQ
Benefits of Using an Online FSBO Site
When it comes to selling your property, there are several options to consider. While many homeowners choose to work with a real estate agent, there is another route that offers numerous benefits: using an online FSBO site.
One of the biggest advantages of using an online FSBO site is the ability to save money. By selling your property without the assistance of a real estate agent, you can avoid paying expensive agent commissions. This means more money in your pocket and a higher return on your investment.
In addition to saving money, using an online FSBO site gives you complete control over your listing. You have the freedom to set the sale price, take professional-quality photographs, and write a compelling description of your property. This level of control allows you to showcase your property in the best possible light and attract the right kind of buyers.
Not only do online FSBO sites provide the tools to create a visually appealing listing, but they also offer a platform to interact directly with potential buyers. You can communicate directly with interested parties, answer their questions, and negotiate the terms of the sale. This direct interaction can lead to a smoother and more efficient selling process.
Furthermore, using an online FSBO site offers maximum exposure for your property. These sites have a wide reach and attract a large number of prospective buyers. With powerful digital tools and unlimited photo options, your listing can stand out from the competition and capture the attention of potential buyers.
Online FSBO sites also offer additional features and services to enhance your selling experience. From marketing materials to listing packages tailored to your needs and budget, these sites ensure that you have all the tools necessary to sell your property effectively.
When choosing an online FSBO site, it’s important to consider the specific features and services they offer. Look for a site that provides decent exposure, plenty of marketing materials, and a user-friendly listing process. Additionally, consider platforms that have a large number of visitors per month and are well-known in the real estate industry.
While there are several online FSBO sites available, it’s crucial to choose the one that will provide you with the maximum exposure and reach the widest pool of prospective buyers. By selecting the right site, you can ensure that your property gets the attention it deserves and increases your chances of a successful sale.
In conclusion, using an online FSBO site offers numerous benefits for homeowners looking to sell their property. From saving money on agent commissions to enjoying complete control over the listing process, using an online FSBO site provides convenience and flexibility. With the right site, you can maximize your property’s exposure, attract potential buyers, and achieve a successful sale.
BEST FSBO Sites in 2023
When it comes to selling your property without the help of a real estate agent, there are several popular FSBO sites to choose from. These platforms not only offer a cost-effective way to sell your property but also provide a range of features and services to maximize your chances of a successful sale.
One of the top FSBO sites in the market is Our Property Team. This platform has gained a strong reputation among sellers for its exceptional features and user-friendly interface. With a large number of visitors per month and a solid presence in the real estate industry, Our Property Team ensures maximum exposure for your property.
What sets Our Property Team apart from other FSBO sites is its dedication to providing a comprehensive selling experience. From the moment you create your listing, you have complete control over every aspect of your property’s presentation. You can set the sale price that reflects the true value of your property, upload unlimited high-quality photos, and craft a compelling description to attract potential buyers.
Not only does Our Property Team offer a visually appealing listing, but it also provides a powerful platform for direct interaction with interested parties. Through the site’s messaging system, you can communicate with potential buyers, answer their questions, and negotiate the terms of the sale. This direct interaction streamlines the selling process, allowing you to quickly and efficiently close the deal.
In addition to its impressive features, Our Property Team offers a range of additional services to enhance your selling experience. From marketing materials that help promote your property to customized listing packages tailored to your budget and needs, this platform ensures you have all the necessary tools to effectively sell your property.
When selecting an FSBO site, it’s crucial to consider the reach and reputation of the platform. Our Property Team stands out as a popular choice due to its large number of monthly visitors and its well-known presence in the real estate industry. By choosing Our Property Team, you can be confident that your property will receive the attention it deserves and reach a wide pool of prospective buyers.
In conclusion, if you’re looking for a popular FSBO site that offers a comprehensive selling experience, Our Property Team is an excellent option. It combines maximum exposure for your property, powerful tools for direct interaction with potential buyers, and additional services to enhance your selling experience. With a strong track record and a user-friendly interface, Our Property Team can help you achieve a successful sale while putting more money in your pocket.
1. Our Property Team.com
OurPropertyTeam.com Is by far the best option. Especially since it is a platform dedicated entirely and uniquely to FSBO. Post For Sale By Owner
Our Property Team is an exceptional FSBO (For Sale By Owner) website that stands out among its competitors. With a user-friendly interface and a comprehensive range of services, it is the perfect platform for sellers looking to maximize their property’s exposure and get the best value for their homes.
One of the key advantages of Our Property Team is its affordable pricing structure. Sellers can choose from a variety of listing plans, including a basic package with a low listing fee and options for additional features. This flexibility allows sellers to tailor their listing options to their specific needs and budget.
In addition to its cost-effective approach, Our Property Team offers a wide range of services to enhance property listings. These include unlimited photos, virtual tours, and professional marketing materials, providing sellers with powerful tools to attract potential buyers.
Prospective sellers also benefit from the dedicated support of Our Property Team’s real estate professionals. These knowledgeable experts can offer guidance and assistance throughout the selling process, from listing to closing.
While Our Property Team may not have the same level of brand recognition as larger real estate platforms, it offers decent exposure for listings. With a growing visitor base and a user-friendly search function, prospective buyers can easily find and connect with sellers on this platform.
In summary, Our Property Team is the ideal choice for sellers who want to take control of their selling process. With competitive pricing, an array of valuable services, and personalized support from local real estate professionals, it is a standout option for those looking to sell their property without the need for a traditional real estate agent.
Whether your goal is to pay yourself, take control, or get full assistance. We have a package designed just for you.
- Our self-service package, or “MLS package,” is designed for those with experience selling real estate and who need a couple of particular products/services.
- Full Package is best for people looking to have a concierge that will guide them every step of the way and make this a very easy and highly rewarding experience for you.
- The custom package is perfect for those that want somewhere in between! Please choose from our menu, and done! Best part? You can upgrade to any other add-ons anytime.
- Our flat-fee prices are the best in the market, guaranteed!
Free For Sale By Owner listing FOREVER!
Want your listing on all top real estate websites? Check our MLS package out!
How do you know we are the true FSBO site? All of the properties listed on our site are FSBO!
Pros:
✅ Savings on commissions
✅ Listing on MLS, Zillow, Trulia, Redfin, and 100s of other sites.
✅ Nationwide coverage
✅ Flat Fee model
✅ Flexible plans from self-service to full service
Cons:
❌ Limited monthly subscriptions sold for the “full service” package
2. Zillow
Zillow is undoubtedly the biggest real estate website in the country today. With over 200 million visitors a month and the amount of data and information they have is both impressive and scary. However, we are talking about the top FSBO sites and not real estate sites all around.
So, even though they have such an impressive platform. they are number 2 Since their platform has some drawbacks for FSBOS. And do not offer extra add-ons that are incredibly important to sell real estate as a professional would. Making it not one of the best FSBO sites.
By default, when someone is looking for a house on Zillow automatically does not show the FSBO listings. So people looking have to be aware of this and enable the option. not just that.
This site also makes your personal information public, which means you will get a lot of calls from solicitors. Also, if potential buyers are unaware of Zillow making your information public and click the “contact” button. It automatically directs their call to a real estate agent that will bring them to your house, and you will be owing a buyer’s agent commission. Just because the site redirected the call to a realtor instead of to you. (a very expensive phone call for you)
Pros:
✅ Biggest and most visited real estate website.
Cons:
❌ Poor visibility
❌ No MLS listing
❌ No add-ons
❌No support and poor customer service
❌ Most of the people calling will be solicitors
3. Beycome
Beycome is a great option for those looking for a flat fee MLS listing since their pricing is so low.
However, they are one of those sites where you need to read the fine print.
Eventually, you may not get what you thought, and you could be stuck paying more than originally.
Pros:
✅ Inexpensive MLS plans
Cons:
❌ Limited coverage (not nationwide)
❌ Concierge service is too expensive and doesn’t provide enough value
4. FSBO.com
FSBO.com is one of the oldest For Sale By Owner websites. It is available nationwide. Offers a few different packages on their website. The basic $99.95 one, is to list your property on their website. Which we consider a ripoff, especially since most of the top FSBO sites offer it for free.
Their $399.95 plan is fairly competitively priced and will get you lots of exposure since it also offers syndication on Zillow, Trulia, Redfin, etc…
Their website also offers a few add-ons like a lockbox, yard sign, etc…
Please take note: Signs that read “FSBO” or “For Sale By Owner” are illegal in some states.
Pros:
✅ Fairly priced MLS listing
✅ Available Nationwide
Cons:
❌ Price subject to change
❌ Service from MLS brokers is a hit or miss
❌ Poor customer service
5. Facebook Marketplace
This one is not just completely free. But you may already know how to use it. And while Facebook Marketplace isn’t a real For Sale By Owner website. It may help you a lot with your digital marketing efforts.
Facebook Marketplace is a popular online platform where users can buy and sell various products and services, including real estate properties. It provides sellers an opportunity to reach a wide audience of potential buyers due to its vast user base.
One of the standout features of Facebook Marketplace is that it is completely free to post listings. This affordability makes it an attractive option, particularly for sellers who are looking for a cost-effective way to market their property. Additionally, Facebook Marketplace allows sellers to upload multiple photos and videos to showcase their property visually appealingly.
Another advantage of Facebook Marketplace is its user-friendly interface and easy navigation. Users can easily filter and search for properties based on their specific criteria, such as location and price range. This ensures that your property is visible to interested buyers who are actively looking for real estate listings.
However, it is important to note that Facebook Marketplace does not provide the same level of support and additional services as dedicated real estate websites or platforms. Sellers must handle all aspects of the selling process themselves, including negotiations, contracts, and closing costs. Additionally, since Facebook Marketplace is not solely focused on real estate, the competition can be quite high, making it challenging to stand out from other listings.
Be very careful with Facebook Marketplace. Especially since there are many bad people out there pretending to be looking for a house for sale on this platform and scamming them instead. So, I will highly recommend you to…
- Change your privacy settings.
- Do not make any personal information public.
- Do not share your credit card details, SIN number, or anything with anyone.
- If it sounds “too good to be true,” take a moment and meditate on the possible risks and act accordingly.
Please, make sure you are extremely careful when using Facebook Marketplace.
Pros:
✅ Free FSBO listing
✅ Large potential audience
Cons:
❌ No FSBO addons/tools
❌Not safe
6. fsbohomes.com
This one may seem incredibly close to Our Property Team. Even the pricing is very close.
However, this one is far down the list since, after a closer look. They do NOT offer a package that lists anywhere other than Zillow, and to make it even worse. It is listed as an FSBO! This means you still have to answer the phone and deal with solicitors and not get a lot of exposure.
With Our Property Team, you do not have to deal with this. And your listing is published on all major sites. like MLS, Zillow, Trulia, Redfin, and 100s more!
Pros:
✅ Flat Fee model
✅Some good addons
Cons:
❌ No MLS, Trulia, realtor.com, redfin, etc..
❌Only Zillow FSBO listing (poor visibility)
❌ You answer the phonecalls yourself and have to filter scammers and solicitors from actual potential buyers
❌Not enough value for your money
❌Limited coverage (not nationwide)
7. Fizber
Anyone can post their FSBO listing on Fizber as well. And they also count on listing plans that include an MLS listing, photos, etc.
Fizber is a top-notch website for individuals looking to sell their property without needing a real estate agent. With its user-friendly interface and robust set of features, Fizber provides sellers with an effective platform to market their properties and attract potential buyers.
One of the standout advantages of Fizber is its affordable pricing structure. Sellers can choose from various listing packages to fit their needs and budget. From basic listings to enhanced packages with additional features, Fizber offers flexible options for every seller.
In terms of services offered, Fizber provides a range of tools to help sellers create eye-catching property listings. These include unlimited photos, virtual tours, and marketing materials. Sellers also have access to valuable resources such as contract reviews to ensure a smooth selling process.
Another notable benefit of using Fizber is its extensive exposure. Sellers can enjoy maximum online exposure through Fizber’s partnership with major real estate websites, reaching a wide audience of prospective buyers.
It may seem like a great For Sale By Owner website at first. However, as I mentioned above. “Always read the fine print!!!”
One thing to be wary of: If you live in Colorado, North Dakota, South Dakota, or Wyoming, Fizber will charge you an additional 0.5% “success fee” on the sale of your home if you use the service to list on the MLS. On a $400,000 home sale, that’s $2,000!
Pros:
✅ Access to MLS
✅ Available Nationwide
Cons:
❌ Sneaky “success fee” (the fine print)
❌No control over the selling
❌ Slow listing process
❌ Outdated technology (a more manual process)
8. ForSaleByOwner.com
ForSaleByOwner.com allows FSBO sellers to list their homes for free on its website. The company’s two paid packages don’t seem worth it. Their “Verified Partner Agent” option seems to be the same as working with a realtor (and costs the same). They have an Agent package that offers a discounted 1.5% listing agent commission. But you will only be able to communicate with your representative or agent through the phone or online. The option for a free FSBO listing is always great! However, I don’t recommend either of its paid packages.
Pros:
✅ Free FSBO listing
✅ Nationwide coverage
Cons:
❌ Paid packages are inferior to alternative options
❌No MLS listing
❌ Lots of solicitor calls
❌ Outdated technology
9. Homecoin.
Homecoin is a top-notch FSBO (For Sale By Owner) website that offers an array of features and services to help sellers successfully navigate the selling process. With Homecoin, sellers have the advantage of cost-effective pricing options tailored to fit their needs.
Homecoin offers different listing packages that allow sellers to choose the level of exposure they desire. Homecoin’s $95.00 MLS listing price is nothing short of a steal. You will hardly find an MLS listing as cheap as this one. However, Homecoin charges $450 for state-required seller disclosures. Since sellers are required to file disclosures, this fee is mandatory.
They offer a few extra add-ons at a costly rate (to compensate for the cheap MLS listing). Not just that, but everything is incredibly manual and DIY. This means you have to worry about sending the lockbox back and the sign since they’re rentals. Someone coming to collect them would be a lot easier.
Pros:
✅ FSBO listing
✅ Inexpensive MLS listing
Cons:
❌ Limited coverage (not nationwide)
❌ Very expensive add-on services
❌ Hidden fees
10. Craigslist.
One of the oldest platforms still standing today, their user interface is easy to navigate, and you can add some pictures to your listing. However, just like Zillow, they make your personal information public. So scammers and solicitors are an everyday thing.
Craigslist is a popular online platform offering various services, including a section dedicated to real estate listings. One of the standout features of Craigslist is its affordability, as it allows sellers to post their properties for free. This makes it an attractive option for those looking for a cost-effective way to market their property.
On Craigslist, sellers have the flexibility to include multiple photos and detailed descriptions to showcase their property. This allows prospective buyers to get a comprehensive view of the listing and make informed decisions. Additionally, Craigslist offers a user-friendly interface, making it easy for both sellers and buyers to navigate and find the properties they are interested in.
However, it’s important to note that Craigslist does not provide the same level of support and additional services as dedicated real estate websites or platforms. Sellers are responsible for handling all aspects of the selling process themselves, including negotiations, contracts, and closing costs. Furthermore, due to the popularity of Craigslist, the competition can be high, making it necessary for sellers to stand out from other listings.
Overall, Craigslist provides an affordable and accessible option for sellers to market their properties. While it may lack some of the additional features and support of dedicated real estate websites, its simplicity, and wide reach make it a powerful tool in the selling process.
If you end up using Craigslist. Remember, there are so many scammers, just like on Facebook Marketplace, if not even more! So please be very careful with this one as well.
Pros:
✅ Free FSBO listing
✅ Well-known website
Cons:
❌ Infamous for potential scams/fraud
❌No add-ons
❌ Not an ideal place to list your property or personal info
❌ Very basic
11. Trulia
Trulia is a comprehensive online marketplace for real estate that offers a wide range of services to sellers looking to list their properties without the aid of a real estate agent. With its user-friendly interface and robust features, Trulia provides a powerful tool for homeowners looking to sell their homes on their own terms.
One of the standout features of Trulia is its extensive reach and maximum exposure. With millions of visitors per month, Trulia ensures that your listing receives decent exposure to potential buyers across the country. This wide audience makes it a popular choice among sellers seeking to sell their property quickly.
Trulia offers various listing plans to cater to different needs and budgets. From basic listings to enhanced packages, sellers can choose the option that best aligns with their requirements. Pricing is transparent and affordable, making it an attractive option for sellers looking to save on agent commissions.
However, it’s important to note that Trulia is primarily a listing service and does not provide personalized support or additional services like contract reviews or market exposure analysis. Sellers are responsible for handling all aspects of the selling process, including negotiations and closing costs. Additionally, due to Trulia’s popularity, the competition level can be high, requiring sellers to utilize additional marketing materials and tactics to stand out from other listings.
Overall, Trulia offers a user-friendly platform with a wide range of listing plans and maximum exposure to reach potential buyers. It’s a practical choice for sellers looking to sell by owner and take control of their selling process.
Best FSBO sites, Flat Fee Realty, and Traditional Agent comparison chart
Reasons Why People Choose Selling FSBO
1. Pay yourself.
Using the For Sale By Owner model or a “top FSBO site.” Can save tens of thousands of dollars of your hard-earned money on unnecessary listing agent commissions.
2. Take Control.
When you choose an agent to list your property, you must sign the infamous “exclusivity agreement.” This gives the realtor full control over your property and the transaction. Said contract benefits everyone but the property owner.
When you sell with one of the best FSBO sites. you have the freedom to sell your home on your terms.
3. Rely on a team of professionals
Some innovative and market-changing FSBO sites, like Our Property Team, have different packages you can choose from. Allowing you to get as little or as much support as needed.
Sites like Our Property Team have available a team of local professionals in their area to cover every single aspect of the sale, making sure you get the best of services. But without the commissions.
Is FSBO hard?
Selling real estate FSBO is very easy and can be very rewarding for the property owner.
Many websites like Our Property Team allow homeowners to sell their properties privately. For a small flat fee compared to the traditional agent. These companies offer homeowners the necessary tools to sell real estate.
Is FSBO a good idea?
When you sell your property For Sale By Owner, you can benefit from not having to pay a real estate agent tens of thousands of dollars, saving you a lot of money (especially if the buyer also doesn’t come with a realtor).
It is important to note as well that there are many different ways where you could be either losing money or leaving it floating in the air. So it is highly recommended to talk to one of our professionals at Our Property Team. We will happily guide you through the process while saving you thousands on realtor commissions. Using any of the best FSBO sites out there will be better than going completely alone.
Do not confuse the best FSBO sites with flat fee realty
Even though most of the best FSBO sites charge a flat fee, they are very different from Flat Fee Realty.
When you go with a flat fee realty company, you still deal with a realtor, and on top of that, you still sign the infamous “exclusivity agreement.” The problems with flat fee realty companies are mainly two.
- Lack of support/service.
- Fine Print in the Exclusivity agreement.
What do I mean by “fine print”? Most Flat-fee realty companies have clauses on their contracts contingent on specific criteria being met. Meaning they will *ONLY* end up charging you the amount agreed upon. If they bring the buyer themselves (which is very unlikely). Or if you use them as your buyer’s agent to buy your new property, their commission earned has to be at least a certain amount, just to give you a couple of examples. So always read the fine print before signing your life away.
Most FSBO sites do not have fine print and are very clear and transparent about their fees and services.
At the end of the day, most FSBO websites are created by people who just want to help people save money.
Why is selling FSBO better than with an agent?
Firstly, selling your home through an agent can be expensive, time-consuming, and tiresome. On top of that. When you hire a real estate agent, you have to pay them! But wait, there’s more! Have you ever heard of their infamous “exclusivity contracts”? They benefit everyone except for the property owner. You sign your life away.
A top FSBO site will save you all of that hassle. You’ll work directly with buyers and control your own profit. Not to mention, they do not use exclusivity contracts.
Let’s put it this way when you hire a realtor. You have to pay them a lot of money and add another touchpoint to the transaction. Coordinating can be a significant pain (Especially if you reside on the property).
When you sell with one of the best FSBO websites, you can pay that commission to yourself and take complete control over the sale.
When you do FSBO with Our Property Team, you can be sure your home will sell fast and for top dollar. All of this while making this transaction a lot easier for you. Our team of local professionals will guide you every step of the way. To make sure everything gets done the right way.
1. Save on Commission Fees by Selling FSBO
One of the biggest reasons people are deciding to opt for the FSBO route is to avoid the high commission fees from traditional agents when selling their homes.
Why would anyone want to pay tens of thousands of dollars on something someone else can do for a lot less and a flat fee? Right?
2. For Sale By Owner (FSBO) Companies Help With The Hassle
When selling your house with one of the top FSBO websites, there are no listing commissions to pay. But a flat fee instead. That means they will help you find prospective buyers by using top techniques to market your home, just like an agent would. But without the high fees and cutting the middle man completely, you can conduct a more effortless and faster closing process.
It’s important to realize that these companies can also help find resources to advertise your home for sale. Without them, it is challenging to reach as many potential buyers as possible.
A local FSBO company has access to more effective marketing tactics like signs in front of your property or word-of-mouth advertising through neighbors. They can use multiple communication channels, including television ads, radio spots, flyers, and yard signs!
It’s important to mention some of the most innovative and best FSBO sites today, like Our Property Team. Count on anything you could need. What do I mean by this? Well, for starters, we count on an on-site real estate attorney to deal with all of the legal matters related to the sale for no extra charge. And let’s be honest. When it comes to legal issues, a real estate lawyer will always be more knowledgeable than any realtor.
3. Selling In Any Market With a Top FSBO Site
Home sellers have never had so many different options before. The rise of the top FSBO sites comes as no surprise. Especially as the houses keep going up so much in value, this translates into a way more significant agent commission.
No matter which routes you take (realtor or FSBO), you’ll have access to buyer prospects that have been prescreened as qualified and ready to buy.
Most of the top FSBO sites are equipped with tools to get your home in front of more buyers than an MLS listing, including social media channels, direct marketing, and internet listings. (some even include an MLS listing). This can help you sell in any market indeed. I mean, some, like Our Property Team, even help you price your home.
Home listing has never been easier with the help of modern and top FSBO sites. Thanks to technology and professional expertise.
4. Free FSBO Advertising
One of many reasons you should list your home with a top FSBO site is the free advertising you get nevertheless.
This means you don’t have to worry about putting ads in newspapers or setting up an elaborate website. The agents at these companies handle all of these details, which allows you to focus on doing other things.
If saving money is particularly important to you, check out one of these companies. Especially. For Sale By Owner.
5. Save Money On Closing Costs
When you sell your home privately, you’ll avoid paying real estate agents and other agents—and their commissions.
A typical commission rate is at least 6% of the home sales price, which adds up to a hefty sum if you sell just an average property, for example. The average house in the United States of America is worth around $375,000 (three hundred and seventy-five thousand dollars). This means. That you agree to pay your realtor at least a whopping $22,500 (Twenty-two thousand five hundred dollars). That is a lot of money.
In other words, when you hire an agent to help sell your house, you pay them from your bottom line.
6. Sell your property for top dollar
Whether you’re selling your home to buy another or because you’re moving out of state. Selling your house on your own means doing all the footwork—from listing it and showing it to writing offers and holding open houses.
A modern FSBO company can, in fact, handle all of that for you. Helping make sure your home sells for top dollar in record time, without the hefty agent commission at last.
Pros and Cons of Listing For Sale By Owner
Pros of Listing a house for sale by owner
1. Savings.
Firstly, most Real Estate agents charge between 6-8% commission when selling a property. And let’s be honest, that adds up really quickly.
For example, if your home is worth $500,000, you are looking at spending somewhere between $30,000 and $40,000. That is A LOT!
And it is not always necessarily split between two agents. Since, more often than not, you agree to pay this money to the listing agent. Regardless of whether there is a buyer’s agent or not, this means you could be legally obligated to pay your realtor the whole amount, even if the buyer comes without an agent.
2. Control
Secondly. When selling with one of the best FSBO sites or “For Sale By Owner sites,” you take complete charge and can do absolutely everything on your own terms.
In fact, nowadays, there are websites like opertyteam.com. That will guide you through every step of the process. And provide you with all the necessary tools to sell your home like the pros.
So you can sell faster and for more while making it very, very easy as well, nevertheless.
3. Cut the middleman
Many people find dealing with real estate agents nowadays both inconvenient and unnecessary. Especially in this era, we can and do mostly everything from our smartphones. By skipping the middle man, you can not just save thousands of dollars in unnecessary realtor commissions. But directing the whole transaction can be a lot easier. Think about it this way, without a middleman. There is one less person in the transaction, making it both more efficient and convenient for the seller.
Cons of listing a house for sale by owner
A lot of paperwork/information
Going FSBO or For Sale By Owner is great when you know what you are doing. Or when you have the right tools to do so.
READ “How To Sell A House By Owner.” What do I mean by this? Several aspects are involved in successfully selling a piece of real estate.
You want to sell fast, for top dollar, and without complications or difficulties, right?
Thankfully, we now have sites like “ourpropertyteam.com.” That helps us with everything we could possibly need without charging commissions so that you can pay that money to yourself!
How to sell your property with top FSBO sites like a pro.
There is no “one size fits all” answer to this question. Especially since every house has different needs and laws can vary from one state to another.
However, here is a list of things you should always pay attention to when selling your house FSBO.
1. Home Value
This one is essential since it is where most people selling FSBO lose money. You can use various free tools online, like this one, “Home Valuation Tool.” However, use these tools ONLY to give you an idea, never to determine the final price of your listing. Read: “Valuations vs appraisals“
2. Exposure
Portraying your home right is incredibly important and often overlooked by most FSBOS. Since they think “Phone pictures are enough.” Even though several studies show that without a doubt. Professionally photographed homes sell a lot faster and for about $15,000.oo more
However, if you can not afford to pay a professional photographer, read: “How to take real estate photos with a phone”.
3. Marketing
This goes from listing your home on the top real estate websites. Social media marketing, yard signs, flyers, newspaper ads, radio ads, door hangers, etc.
4. Showings
You will need to schedule and be in charge of showings (unless you use Our Property Team. Also, you must ensure you are available to show your home at any time.
5. Closing
Laws vary so much from state to state that I could not go through them in just one post. But luckily for you, this can be dealt with by our in-house attorneys at no extra cost.
In Conclusion, Why Sell with a top FSBO site?
Selling your home, FSBO, can be both easy and so rewarding for you when done right if you have a limited amount of experience selling real estate. You should use one of the top FSBO sites out there. Especially the ones that offer the necessary support and services to ensure that you sell faster and for more while saving you thousands in unnecessary realtor commissions.
FSBO FAQ
1. Can FSBO list on the MLS?
Technically, no. Only a person or company with a real estate license can post on the MLS. However, most of the top FSBO sites offer flat fee MLS listings through a licensed broker.
2. Will Realtors show FSBO homes?
Realtors want the best for their clients. It doesn’t matter to them if the property they’re showing their client is being sold privately or with another agent as long as it fits their client’s wants and needs.
3. Top FSBO sites to list for free
- OurPropertyTeam.com
- Zillow/Trulia
- ForSaleByOwner.com
- Facebook Marketplace
- Craigslist
4. Who pays the buyer’s realtor?
The short answer is the seller pays for the buyer’s realtor fees. However, we strongly recommend speaking to one of our professionals before determining how much or if you will offer any.
