Thinking of Selling? 5 Reasons You Shouldn’t For Sale By Owner

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

Here are five reasons:

1. 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

 2. Exposure to Prospective Purchasers

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?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

  • 43% on the internet
  • 9% from a yard sign
  • 1% from newspaper

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.

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 9% over the last 20+ years.

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 $208,000 while the typical house sold by an agent sells for $235,000. This doesn’t mean that an agent can get $27,000 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.


Before you decide to take on the challenges of selling your house on your own, let's get together and discuss your options.

c7f4e57a 2036 4db8 9b4e 7adec07e2b6a 16db579c 712d 4037 85fc bc27a447c1a5 b920d405 b411 4764 8f7a 133a9ee55e0e 93ea9678 b971 4adb bea5 cff0be1a617d 05e99615 40f0 4274 bd5d 31e4cdbb1d41 8414209c c1ce 4b4a 8a97 111470dd4bef 2bac80e6 bb01 4cb1 b526 fe0ff3f965e0 19e02042 03a0 42ff 99e3 12fcb64f0d09 925740bf 8fb0 43e6 8a1c 3bacb0cea06d ec5e7980 b9f9 490b 8542 426cca59052e 4f0e84ac 82ae 46c6 9c21 58c5a25c2dd4 85f6e9c7 239b 421c 9fdd 0ae95676ee59 5ef83c3f 0566 4cb0 bf11 d072ba431583 3bfc94f2 84f4 45e6 98fe 6db7abcddf4c 2d664569 f1ab 405f ab1b 9d0a3b41cfb1 5b230294 1f82 460c a315 64cc81cde4fe de863063 9a81 4440 b384 229879d9046c e8f5a490 53d6 425b a936 8c32c2e4fdd8 cbfcb026 e0f8 41a5 949f 1f8b6eb866df 43eb0cfe 88ac 4e5a a1fb 11346076263f d1a9a525 cc0d 4cdd ac5a 41306e5c9155 ba3c8ebe 0870 47e3 a1f1 c821ace2fd9f 73889af4 7cdc 4028 9880 b4a6520ebc1d