"Selling a home is a significant financial transaction, and deciding whether to sell your house on your own or with the help of a realtor can feel overwhelming. The debate of "for sale by owner vs selling with a realtor" continues year after year, with homeowners from Birmingham, AL to Miami, FL weighing the potential savings of skipping agent commissions against the professional guidance that comes with hiring a real estate agent."
"FSBO simply stands for "For sale by owner." This is when a homeowner sells their property directly, without hiring a listing agent or realtor. Sellers take on the responsibilities of a realtor, and must be comfortable managing every step of the process. On the surface, going the FSBO route may look like an attractive way to save on the typical agent commission fee . However, that financial savings comes with added responsibility, significant time investment, and the potential risk of underselling your home."
FSBO stands for For sale by owner and means a homeowner sells a property directly without a listing agent. Homeowners who choose FSBO assume responsibilities such as marketing, showings, negotiations, and paperwork. FSBO can reduce or eliminate agent commission costs but requires significant time and exposes sellers to negotiation and pricing risks that can lead to lower sale prices. NAR data shows only 6% of homes sold via FSBO in 2024, and nearly 40% of those sold to a relative, friend, or neighbor, indicating limited outside-buyer traction. Selling with a realtor provides professional guidance and broader exposure but involves commission fees.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]