"FSBO": FOR SALE BY OWNER

Most people want to save money where they can. Being a bargain-hunter myself, I can definitely relate to that philosophy. When it comes to real estate transactions, homeowners who wish to save money by selling their home on their own are termed "FSBO's" or "For Sale By Owners". FSBO's hope to forgo the commission that they would otherwise have to pay in hiring a real estate agent.

The idea of being able to save on the paid commission to an agent is very enticing. But often times, homeowners are unaware of the time, energy, paperwork, and responsibility that come with the transaction of selling a home. Additionally, homeowners run the risk of being sued should anything go awry in the transaction due to negligence. Of course, as a real estate agent, we take on the responsibility and the liability throughout the entire transaction making it a smooth process for all parties involved.

USA Today published an article regarding the hardships involved with selling your home as a "FSBO". This article was published in 2003 when there were actually more homes being sold in the real estate market in comparison to today's market, which means that in this current "buyer's" market, a homeowner can get even more exposure and marketing through use of an agent. This translates into time and money saved in the long run.

Here is the link to the article in USA Today: "For Sale By Owner" Can Be a Hard Sell.

Best of luck to anyone attempting to sell a home on your own. But, if you feel that the process can be too overbearing, confusing, or time-consuming, please contact us so we can take all that stress away =)