FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.
6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get a savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.
Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?
Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.
So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.
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Mark is awesome....from the moment we met him he showed interest, knowledge, expertise, and care for selling our home. He always answered his cell phone and responded immediately to my every whim. I was not an easy client as I had a not-so-great experience with another real estate broker. But Mark always made me feel important and came through on his every promise. And he sold our house within DAYS of listing it. I would highly recommend Mark to anyone wishing to buy or sell property. He is the absolute best. AND he has a nice sense of humor to top it off!zuser20140514114037531
Mark was honest!! Mark was referred to me after a bad experience with another realtor. From the first day, I saw that he was there to help me find a home that was right for me and not how much commission he could make from the sale. He was knowledgeable and available. He made me feel like I was his only client. Because of his negotiation skills and his responsiveness, I got my BEAUTIFUL house that many buyers were competing for. I give him 6 star.
PS.. He got a good sense of humor!Ms.veronie