|1. You'll save money.
Real estate agents typically charge a
commission equal to 5-6% of the sales price of your home, which
is usually split evenly between the listing agent and the
buyer's agent. That comes to $30,000-$36,000 for a $600,000
home. By eliminating the listing agent, you can save thousands
of dollars. If you find your own buyer, you can save even more.
2. Selling FSBO puts you in charge of
Ever notice that ads for $8 trinkets on
eBay often have better photos and descriptions than ads for
$800,000 homes on Realtor.comŽ? Or that flyer boxes on
traditional real estate signs are often empty? By taking charge
of your home's marketing, you can make sure it's done right.
3. A study recently found that FSBO
homes sell for roughly the same price as agent-listed homes.
Economists at Northwestern University
found no statistically significant difference between the prices
paid for FSBO homes and those paid for homes sold by traditional
4. You can get help with the
negotiations and paperwork.
FSBO sellers can get full-service
representation from a licensed broker for just $3,400*--payable
only if the deal closes.
5. FSBO homes can get listed on the
Multiple Listing Service (MLS) and Realtor.comŽ.
You can get your home listed for up to six
months on the MLS, Realtor.comŽ, and other websites for a flat
fee of just $250. If you offer an attractive cooperating
broker's commission to buyers' agents, they'll be happy to show
your home to their clients.
6. Selling FSBO gives you more
Once you've signed a contract with a
listing agent, your options become severely limited. It may be
difficult for you to switch agents, or rent out your home, or
take it off the market. If you find a buyer on your own, your
listing agent will likely pocket the buyer's agent's commission.
7. Homes sometimes sell quickly.
Even if you plan to list with an agent, it
can't hurt to try selling FSBO for a few weeks. Buyer interest
is often most intense when a house is new on the market. Many
homes sell quickly.
8. Selling FSBO means you pay only for
the services you want.
This lets you focus your marketing dollars
on those services that will give you the most bang for your