The number one way home sellers can cut the cost of selling their homes? Offering houses for sale by owner, or FSBO. If you're thinking about selling as a FSBO (pronounced "fiz-bo"), then take the time to consider whether you have the time and resources necessary for selling your own home FSBO.
Here are the top benefits to selling FSBO homes or other real estate for sale by owner:
1. Selling your own home FSBO through FSBO listings means savings the thousands of dollars (usually a percentage of the selling price) you would have paid in a real estate agent's commission.
2. Find a lawyer who specializes in real estate for sale by owner transactions for legal advice concerning FSBO homes, contracts and FSBO tips.
3. Check out the online real estate for sale by owner resources, including house for sale by owner websites (FSBO websites) and FSBO listings.
Action Steps
The best contacts and resources to help you get it done
Utilize the top for sale by owner websites for help
Selling your own home yourself is much easier with the help of for sale by owner websites and other online FSBO listing resources. Find FSBO websites with a good reputation before you submit your FSBO listings.
I recommend: ForSalebyOwner.com, one of many FSBO websites, has saved its customers more than $1 billion in real estate commissions since 1999. It offers a home-selling guarantee and other home FSBO tips. Input your house's listing price under "How much could you save?" to learn the true savings of selling your own home.
Advertise your FSBO home through for sale by owner websites
There are countless online resources where you can submit houses for sale by owner listings. Some are more costly than others, requiring you to advertise for a specific amount of time, while others allow flexible FSBO listings and options, so consider your options before placing FSBO listings.
I recommend: At
Sell by Owner Listings, pay a one-time ad fee of just $29.00 to advertise your FSBO home until it sells; take advantage of their professional listing page and virtual movies.
Make smart spending decisions when selling your real estate for sale by owner
Remember that offering houses for sale by owner doesn't mean you'll spend nothing. Budget for these essential costs: advertising and FSBO listings, lawyer's fees, the closing or escrow agent's fees and inspection or other expenses you're required to pay when you have a for sale by owner house.
I recommend: At
Owners.com, there is a goldmine of FSBO tips to help you with your FSBO house sale: Run free FSBO listings, purchase state-specific legal forms and find local appraisers and real estate attorneys.
Use FSBO websites to list houses for sale by owner
Find for sale by owner websites that give you more than boring text-only houses for sale by owner ads. Instead, go for the website where you can upload home video tours, numerous photos and get FSBO tips and selling advice.
I recommend: At
myFSBO.com, FSBO listings packages range from $14.95 to $149.95 and include varying levels of features, including photos, flyers, signs, and real estate contracts for FSBO listings.
By Owner Online gives you a choice of ad packages and guarantees they'll advertise your property until it's sold.
Tips & Tactics
Helpful advice for making the most of this Guide
- Always, always get legal advice you can trust for all aspects of selling your own home as a FSBO.
- It's important that those offering houses for sale by owner learn the state laws regarding which inspections and closing costs are the seller's responsibility in a real estate for sale by owner transaction.
- Deciding to list your house as a FSBO isn't an irreversible decision. At any point before you sell the home, you might change your mind and decide to bring an agent on board.
- Real estate agent commissions vary widely, but usually range from three to eight percent of the purchase price (not the listing price) of the home; if you want to weigh the convenience versus cost factor in deciding whether you'll be selling your own home FSBO, or using an agent, these percentages will help you consider the options.
The official source of For Sale By Owner (FSBO) is
the For Sale By Owner (FSBO) page at Business.com
Featured Vendors
Find Your Dream HouseDescribe the house you want and make homeowners come to you!
www.UTerms.com
For Sale By OwnerThe official for-sale-by-owner site, don't be fooled by imitators. Put your home in front of millions of potential buyers and save thousands!
www.forsalebyowner.com
Real-Time Verified Insurance LeadsWe provide real-time verified Insurance Leads for all major lines of insurance. No Contracts, No Minimums, Pay Per Lead.
www.InsuranceLeadz.com
South Dakota Business for SaleDownload our Free Guide Now to Learn How to Develop a Sound Exit Strategy & Sell Your Company.
www.DataSiteDeal.com
Subscribe to
Try our free weekly WhatWorks newsletter, with business how-to advice
& resources from Work.com.
Related Resources from Business.com
Comments
Is any content on this page inappropriate? To let us know, please 
