If you need assistance, please call 407-513-4724

Think You Should FSBO? 5 Reasons to Think Again! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty

Monday, October 3, 2016   /   by Matthew Freda

Think You Should FSBO? 5 Reasons to Think Again! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty

Think You Should FSBO? 5 Reasons to Think Again! | Simplifying The Market

Think You Should FSBO? 5 Reasons to Think Again!






In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.


Here are the top five reasons:


1. Exposure to Prospective Buyers


Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you? 


2. Results Come from the Internet


Where did buyers find the home they actually purchased?



  • 44% on the internet

  • 33% from a Real Estate Agent

  • 9% from a yard sign

  • 1% from newspapers


The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial. 


3. There Are Too Many People to Negotiate With


Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:



  • The buyer who wants the best deal possible

  • The buyer’s agent who solely represents the best interest of the buyer

  • The buyer’s attorney (in some parts of the country)

  • The home inspection companies, which work for the buyer and will almost always find some problems with the house

  • The appraiser if there is a question of value


4. FSBOing Has Become More And More Difficult


The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20 years.


The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.


5. You Net More Money When Using an Agent


Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.


Studies have shown that the typical house sold by the homeowner sells for $210,000, while the typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.


Bottom Line


Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.






eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.9/28/2020 2:40 PM CST
This site powered by CINC: www.cincpro.com