FSBO (pronounced "fizz-bo") stands for For Sale By Owner. It describes anyone who sells property - usually homes - without using a real estate agent.
We provide forms for you to be able to sell your own home but we highly recommend that you consider listing your home with a real estate agent for the following reasons:
Exposure
By listing your home with a real estate agent, you are maximizing the number of buyers that will see your home. The Agent is trained to market your home. This takes someone that knows your market and what the buyers are looking for. They will suggests repairs to improve its marketability and the best ways to market your home.
Legalities
A good agent uses defendable contracts that will protect you and your home. They will know many of the issues that might keep you from obtaining financing. We do not suggest that you rely on standard FSBO forms if you do not have someone helping you structure the sale of your home.
Financing:
In today’s real estate market you will find it harder to structure a acceptable deal with anyone that has to obtain financing. Most homes do not appraise high enough to get conventional financing and accordingly, your real estate agent should be able to help you find someone that can help your buyer find financing.
It is possible to do on your own but we recommend that you consider contacting a professional real estate agent to help you in the sale of your home in this very competitive market.
