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What is FSBO?
by Owners.com
 

FSBO (pronounced ""fizz-bo"") stands for For Sale By Owner. It describes anyone who sells property - usually homes - without using a real estate agent.

FSBO empowers home owners to take control of the home sale process and to save a lot of money by not paying commissions. The homeowner sells the home through signs, web listings, newspaper classified ads, flyers, word of mouth, and open houses. The homeowner may also handle the close, or hire a real estate attorney to take care of the paperwork.

Advantages of selling your home FSBO:

  • You have control over the entire FSBO process.
    -- The FSBO seller determines the price
    -- When and how to advertise the home
    -- Whether to hold open houses or see buyers by appointment
    -- Negotiating the sale
    -- Managing the close whether through the title company or a real estate attorney
    -- Everything is done on your terms
  • Quicker sale with FSBO
    -- The price of homes sold by an agent are inflated to cover the agent's commission.
    -- By selling FSBO, the homeowner can reduce the home's price enough to make it attractive to buyers for a quicker sale.
    -- The amount saved from paying a commission can be used to reduce the price; serve as a negotiation tool; or be extra profit to the home seller.
    -- When the buyer makes an offer, you negotiate directly rather than having to go back and forth between the agents.
  • Reduces stress with FSBO
    -- You decide when to show the home rather than keeping the home in picture perfect condition at all times in case the agent calls and wants to show it immediately.
    -- By scheduling prospective buyers yourself, you have time to prepare for the visits and you don't have to leave the home as you would with an agent.
    -- You determine whether you want to show your home by talking on the phone first with the buyer.
  • You're the best agent.
    -- You know your home better than anyone.
    -- You can highlight the home's advantages and discuss its faults.
    -- You can discuss the work that went into the beautiful lawn, or talk about the noisy furnace.
    -- You know the neighbors, the school district, the churches, and the shopping.
    -- A home that's priced well and is well maintained can virtually sell itself. But you are the closer with the extra information only you can provide the buyer.
  • More confidence with FSBO
    -- You are the one who meets the prospective buyer so you can judge how serious the buyer is, rather than relying on an agent's opinion.
    -- You get direct feedback which helps immensely in the negotiation.

Why pay a commission?

  • The selling and buying agents get a combined commission of about 6% of the home's sale price.
  • Calculate how much that is worth.
  • A recent nationwide survey of agents showed that no matter the price of the home, the agents spend an average of $1,000 to market the home.
  • Are you willing to give an agent thousands of dollars to do something you can do yourself?
  • If your answer is no, then selling FSBO is the way to go.

Listing with Owners.com and selling FSBO makes sense.

  • Oldest - It's the oldest FSBO website having started in 1995.
  • Successful - We've helped hundreds of thousands of customers successfully sell over $155 billion worth of homes FSBO over the years.
  • Economical - We have the most economical program with packages starting at $29.95.
  • Easy - It's easy to list your home and make updates and changes.
  • Reliable - You can count on Owners.com to be there for you with our 24 hour customer service line and email support.
  • Helpful - We provide a variety of tools to help you each step of the way in the FSBO process from a free online handbook, to a sellers' forum, to regular newsletters.
  • Working for you - Owners.com advertises extensively on Google search and other search engines to bring customers to you.
  • Homebuyer central - Over 80% of home buyers begin their search on the web and they begin that search with Owners.com, your FSBO resource.

With Owners.com you get:

  • Comprehensive and economical listing packages for a one time fee - not monthly.
  • 24 hour toll free customer service hotline.
  • Extensive library of articles on the FSBO home sale process.
  • Regular newsletter on key home sale topics like Pricing; Preparing; Advertising; and Negotiating the sale.
  • 'Ask Sellers Forum where you can read about the experiences of successful home sellers and ask them questions.

Sign up now to sell your home FSBO with Owners.com.

You'll be glad you did!

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