For most people, a for-sale-by-owner (FSBO) transaction simply isn't in the cards. Learn why — and how to avoid costly mistakes.
Granted, some people are able to sell their own homes without the services of a real estate agent. Some of these successful do-it-yourselfers are very experienced home sellers. Others are transferring ownership of their home to a child, a coworker or a tenant who's already living in the home. These circumstances are the exception, not the norm.
For most people, a for-sale-by-owner (FSBO) transaction simply isn't in the cards. Here are five reasons why.
FSBOs aren't permitted to put their home in the multiple listing service (MLS) — locked out of Realtor.com and most home search engines. Your home won't receive nearly as much exposure.
Get Your Home in the MLS →Without a listing agreement, there's no guarantee the buyer's agent will be compensated. Most agents won't work with unsophisticated self-represented sellers.
Get Professional Representation →Most homeowners believe their home is worth more than comparable homes. Usually, they're wrong. Overpricing is a sure way to deter buyers.
Get a Professional CMA →Buyers spend less time if the owner is present. Having an agent on each side creates an effective emotional buffer between seller and buyer.
Let Me Handle the Showings →Real estate transactions are fraught with potential liability. A FSBO who overlooks even one required form could face a protracted and expensive buyer lawsuit.
Protect Yourself Legally →Weeks or months wasted. Non-refundable expenses incurred. Stress and frustration.
Excessive costs, less land than bargained for, greater building restrictions, or abandonment of dreams.
Owners simply do not have the knowledge, skills or experience to perform the necessary research, to correctly interpret the information or even to understand what factors must be considered prior to offering their homes for sale.
While working with a real estate professional is no guarantee of a smooth and flawless transaction, real history and 25 years of experience as a real estate broker and educator has convinced me that when a seller works alone with a "For Sale By Owner" it is an open invitation to a wide variety of potentially devastating problems.
Don't leave money on the table. Let me help you navigate the selling process and get the best price for your home — with less stress and fewer headaches.
Get a Free Comparative Market Analysis →With over 25 years of experience, I've helped hundreds of sellers avoid FSBO pitfalls and sell their homes for top dollar. Let me do the same for you.
Your home is one of your biggest assets. Let me help you sell it for what it's truly worth.
"We tried FSBO for 6 months. Zero offers. Miguel listed our home and we had an offer in 3 weeks. Don't make our mistake — hire a pro."
"I thought I could sell my own home. After 4 months of stress and no showings, I called Miguel. Sold in 11 days. Worth every dollar."
"FSBO was a nightmare. Miguel made everything easy — professional photos, MLS listing, open houses. We got an offer in 2 weeks."
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