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For Sale By Owner - A Good Idea?

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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The Realty Experts Testimonials

Michelle was a joy to work with from beginning to end. I can’t imagine anyone knowing Lincoln Hills better. She explained everything clearly, kept us posted on developments, and responded quickly to our questions. The result was better than we expected, with far less hassle. Don’t hesitate to call Michelle. Steve F.
Thank you so much for all you have done. What a trying time for our family but we pulled it all off. I truly appreciate your professionalism. You are one of the hardest working Realtors I know. Sandra B.
Michelle Cowles was far and above the best Realtor I have ever dealt with. She went to great lengths to help me with the sale of my home. She should be highly commended for her extreme effort and I would highly recommend her to everyone I know. Jill A.
After interviewing several Realtors, I chose Michelle and it was the best decision I could have made. The sale of my mother’s home turned out to be unexpectedly complicated and it was her attention to detail that helped us to discover and rectify an issue with the trust which we had no idea existed until Michelle started her thorough pre-sale paperwork. She guided my brother and I through every step of the process and worked closely with us, going above and beyond expectations, from start to finish. I would, without hesitation, highly recommend Michelle and think you should look no further if you are seeking the best realtor for the job. Thank you Michelle! Tamara
Thank you so much for everything you've done for us! Your attention to detail, knowledge, customer service and willingness to go beyond the expected and into the realm of "superb all-around agent" has made our new retirement residence possible. We hope we can continue to be personal friends now that our business is complete. Doug and Joan
Michelle Cowles is the best realtor we have ever worked with...friendly, efficient, thorough and detailed (almost to a fault!) and, most importantly, hangs in there with you until all matters are resolved and completed. Gerry & Marianne
You are amazing, Michelle. Thank you for your support through this whole transaction. Elaine
Thank you endlessly for all you have done!! Laura Ann G.
Thank you once again for doing an outstanding job selling our lovely home. You are a true professional always having our best interest in mind. We miss talking to you but wish you much success! Al and Linda
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