The Truth About FSBO

Reasons NOT to For Sale By OwnerEveryone wants to save money and at first glance, selling your home by yourself may seem like a good idea, but selling your home on your own is not an easy or simple task. You really need to get your home in front of buyers if you want to sell it. What’s the best way to do this? List your home with a real estate agent. 

FSBO does not save you money. Sellers who work with an agent actually net more money. According to NAR, the typical FSBO home sold for $200,000 compared to $265,500 for homes listed with an agent. That’s a huge difference! FSBO isn’t always an agent-free transaction because the buyer’s agent still needs to be paid. And, if you haven’t priced your home competitively, or if you don’t know how to negotiate the sale with buyers, you may not get the best price for your home or it may take longer to sell.

FSBO does not get your home in front of buyers. 95% of buyers search online for homes and 50% of buyers find the home they actually purchase online. An experienced real estate agent will have a great internet marketing strategy to promote your home and you’ll get access to thousands of potential buyers through the Multiple Listing Service (MLS). When you list with Premier Group, your home will also be listed on more than 5,000 websites. Read more about our marketing strategy

FSBO does not save you time. If you have a full time job with kids and a busy lifestyle, you need to consider how much time you’ll need to dedicate to showing your home to potential buyers, inspectors, appraisers, and repairman. You’ll have to negotiate with potential buyers who want the best deal and buyers agents who represent the best interest of the buyer. Learn how our expert agents negotiate on your behalf. There is also an extensive amount of paperwork involved, so it’s important to know the legalities of offers, counteroffers, disclosures, addendums, amendments, etc.

Selling Your Home in Maryland

Before you decide to take on all the challenges of selling your home by yourself, contact Long & Foster Real Estate's Premier Group and let’s discuss how we can help you sell your home.