THIS PAGE IS UNDER CONSTRUCTION!
The Purpose of this FSBO Page.
I will clarify the purpose of this pillar page. I will be trying to educate, inspire, and guide readers through the FSBO process. Knowing this goal will shape my content. There are many questions and some misconceptions about what a FSBO is in real-life, and I’m a real-life Realtor.
What is FSBO?
A FSBO is a “for-sale-by-owner,” a home owner who elects to sell his or her own house, as opposed to engaging a real estate agent to sell it. To be a real estate agent means obtaining a certain level of specific education and passing exams to have such a license, which then makes that person able legally to sell someone’s house. That is no fast or inexpensive project.
They make their money charging a commission to the seller. To help defray that initial and ongoing investment, the agent charges some commission.
The Loophole
A loophole that is available to the homeowner is that they do not, by law, have to get licensed to sell their own house. That can save them thousands of dollars of the cost of selling that house. This explains what FSBO is and why it’s relevant. But the home seller will have to show and negotiate their own sale, and that is intimidating to many newbie FSBOs. Please see What is a MLS Entry-only listing? and these…What did my last agent do to sell my house? What’s the difference between an agent and a broker? Save TWENTY-FIVE to FIFTY THOUSAND DOLLARS and MORE!
Advantages and Challenges.
Advantages and challenges of selling a home without a real estate agent. Coming soon!
Personal Stories.
Coming soon!
Tips and Strategies.
Practical tips and strategies for those considering FSBO. Include advice on pricing, marketing, negotiations, and legal considerations. Coming soon!
Common Mistakes to Avoid.
Common mistakes that FSBO sellers make and provide guidance on how to avoid them. Coming soon!
Legal and Paperwork.
Legal aspects of FSBO, including contracts, disclosures, and potential pitfalls. Consider consulting with legal professionals to provide accurate information. Coming soon!
Success Stories.
Success stories to Inspire confidence in readers who may be considering FSBO. Coming soon!
Update Periodically
- The real estate market and FSBO trends may evolve, so plan to check this pillar page periodically to keep current with valuable, well-organized, and up-to-date information. It will serve as a comprehensive resource for anyone interested in the FSBO story.
Photo by Ronnie George on Unsplash